The last time Union Pacific cut its dividend was 25 years ago. ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ 

AN OXFORD CLUB PUBLICATION

View in browser SPONSORED Five Dividend Stocks to Buy Now (FREE INSIDE) Marc Lichtenfeld - income expert and author of Get Rich with Dividends - is giving away his Ultimate Dividend Package... Completely free of charge! Seriously, no credit card required. Inside, you'll get the names and ticker symbols of his TOP FIVE dividend stocks right now, including... An "A"-rated, ultra-safe dividend stock with a huge 8% yield Three of Marc's favorite "Extreme Dividend" stocks, which could supercharge your income And finally, his No. 1 dividend stock for a LIFETIME of income. Click here before the download link expires. SAFETY NET All Aboard This 2.6% Yielder Marc Lichtenfeld, Chief Income Strategist, The Oxford Club Railroad operator Union Pacific (NYSE: UNP) has been transporting goods for over 160 years. It has paid a dividend every year for the last 124 of them. The last time it cut the dividend was 25 years ago. Will the company make it 26? Let's take a look... Last year, free cash flow was $5.7 billion, down from 2021's $6.1 billion, which had been the highest in at least 10 years. Cash flow from operations was actually higher, but thanks to a nearly $700 million increase in capital expenditures, free cash flow declined, which Safety Net does not like to see. While the company brought in $5.7 billion in free cash flow, it shipped $3.2 billion back to shareholders in the form of dividends for a very comfortable payout ratio of 56%. SPONSORED Financial Bestseller DESTROYS the Big Banks in New Video Find out the "Magic Code" that can FORCE the big banks to pay you up to 255 times more income... how to make BIG income off even your checking account... the secret way to buy gold with ZERO downside... and more. That means even if free cash flow were to jump the tracks and decline again, there is plenty of room before the dividend would eat up all of the free cash flow and the company would have to consider a cut. In 2023, free cash flow is forecast to come in at $5.6 billion, so as long as it's in the ballpark, dividend investors shouldn't worry. As I mentioned, the company has paid a dividend for more than a century and the last cut was in 1998, so its recent dividend-paying history is excellent. It has raised the dividend every year for the past 16 years. The current $1.30 per share quarterly dividend equals a 2.6% yield. So Union Pacific isn't a particularly high yielder. But with a 16-year streak of hiking the dividend, a low payout ratio and plenty of cash flow, Union Pacific's dividend should not go off the rails anytime soon. GET UNION PACIFIC'S DIVIDEND RATING RECOMMENDED LINKS Rare Perfection! See This Professional Trader's 9 "Magic Stocks" Should You Get Out of Stocks Now? MORE FROM WEALTHY RETIREMENT The Headlines Are Bearish... Here's What They're Missing Now at Record Lows, Is Peloton Stock a Steal? 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