Union Pacific’s statement of shareholders’ equity for
Question and Solution
Union Pacific’s statement of shareholders’ equity for the year 2008 is reproduced
1. Based on the dividends paid during 2008, how many shares of stock were outstanding when the dividends were paid? 2. Why isn’t the number of shares receiving dividends exactly the same as the number of shares outstanding on December 31 as indicated in the statement? 3. Compute Union Pacific’s dividend payout ratio for each year. Has that number increased or decreased overtime?