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By Market News Video Staff, Thursday, November 18, 12:03 PM ET
Union Pacific (NYSE:UNP) raised its dividend for the second time this year. The railroad said it is hiking its quarterly dividend 15%, to $0.38 per share. The dividend is payable on January 3 to shareholders of record as of November 30.
The news has UNP shares trading higher by nearly 2% today.
According to the ETF Finder, UNP accounts for 10.34% of the iShares Dow Jones Transportation Average Index Fund (AMEX:IYT). FedEx (NYSE:FDX) is the second-largest holding, at 10.06%, followed buy C.H. Robinson Worldwide (NASDAQ:CHRW) at 8.19%. UPS (NYSE:UPS) and CSX (NYSE:CSX) round out the top five holdings.
The ETF Channel Flexible Growth Investment Portfolio is designed to seek growth for investors — anywhere and everywhere. The key to the program is our portfolio strategy allows us complete flexibility in terms of asset allocation as there are no predetermined guidelines as to the level of stocks, bonds, cash, regions, countries, sectors, commodities, or even asset classes in the portfolio! In short, this is a completely flexible portfolio designed to follow the performance trail wherever it leads us.
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