Omaha, Neb., May 16, 2013 – The Board of Directors of Union Pacific Corporation (NYSE: UNP) has declared a quarterly dividend of 69 cents per share on its common stock, payable July 1, 2013, to stockholders of record May 31, 2013.

Union Pacific has paid dividends on its common stock for 114 consecutive years.

About Union Pacific

Union Pacific Railroad is the principal operating company of Union Pacific Corporation (NYSE: UNP). One of America's most recognized companies, Union Pacific Railroad links 23 states in the western two-thirds of the country by rail, providing a critical link in the global supply chain. From 2007-2012, Union Pacific invested $18 billion in its network and operations to support America's transportation infrastructure, including a record $3.7 billion in 2012. The railroad's diversified business mix includes Agricultural Products, Automotive, Chemicals, Coal, Industrial Products and Intermodal. Union Pacific serves many of the fastest-growing U.S. population centers, operates from all major West Coast and Gulf Coast ports to eastern gateways, connects with Canada's rail systems and is the only railroad serving all six major Mexico gateways. Union Pacific provides value to its roughly 10,000 customers by delivering products in a safe, reliable, fuel-efficient and environmentally responsible manner.

Contact for investors is Michelle Gerhardt at (402) 544-4227.
Contact for media is Tom Lange at (402) 544-3560.

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