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UP stock hits high pointTell North Platte what you think
Courtesy Photo­Image
Locomotives at the diesel repair shop at UP's Bailey Yard.

Shares of Union Pacific Corporation hit a new 52-week high of $105.87 on Thursday, reflecting a 41.5% return over the past year.

UP will pay 50 cents per share dividend on Oct. 1, thanks to better than expected operating returns.

Operating revenues for the second quarter of 2014 totaled $6.0 billion, up 10 percent from the same time period a year ago, when operating revenues were $5.5 billion, the company has said. Second-quarter profit rose 17 percent.

Second quarter business volume, as measured by total revenue carloads, increased 8 percent compared to 2013, UP said.

Volume increased in agricultural products, intermodal, industrial products, automotive and coal, the company said.

According to an NASDAQ analysis, UP should have solid growth in business volume in coming months, and benefit from core pricing above inflation, leading to strong returns to shareholders.

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The North Platte Bulletin - Published 8/22/2014
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