Union Pacific Corporation Increases the Quarterly Dividend on the Company's Common Shares by 10% to $1.30 Per Share, Payable June 30, 2022

Union Pacific Corporation announced that its Board of Directors voted to increase the quarterly dividend on the Company's common shares by 10% to $1.30 per share. The dividend is payable June 30, 2022, to shareholders of record May 31, 2022. Union Pacific has paid dividends on its common stock for 123 consecutive years.