Union Pacific Corporation Declares Quarterly Dividend of 35 Cents a Share

The Board of Directors of Union Pacific Corporation (NYSE:UNP) has declared a quarterly dividend of 35 cents per share on its common stock, payable July 2, 2007 to stockholders of record May 30, 2007.

Union Pacific has paid dividends on its common stock for 108 consecutive years.

Union Pacific Corporation owns one of Americas leading transportation companies. Its principal operating company, Union Pacific Railroad, links 23 states in the western two-thirds of the country and serves the fastest-growing U.S. population centers. Union Pacifics diversified business mix includes Agricultural Products, Automotive, Chemicals, Energy, Industrial Products and Intermodal. The railroad offers competitive long-haul routes from all major West Coast and Gulf Coast ports to eastern gateways. Union Pacific connects with Canadas rail systems and is the only railroad serving all six major gateways to Mexico, making it North Americas premier rail franchise.

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