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(The Associated Press circulated the following on November 16.)

NEW YORK — Union Pacific Corp. said it raised its quarterly dividend by 25.7 percent, or 9 cents, to 44 cents per share on Thursday.

The railroad company paid a dividend of 35 cents in the prior quarter.

Union Pacific has increased its quarterly dividend payment by 46.7 percent this year.

The dividend will be paid Jan. 2 to shareholders of record on Nov. 29.