17 July 2024 I Omaha, NE

The board of directors of Union Pacific Corporation (NYSE: UNP) has declared a regular quarterly dividend of $1.34 per common share, an increase of approximately 3% from the previous quarterly dividend of $1.30.

For calendar year 2024, this marks the twentieth dividend increase for the Washington Crossing Advisors Rising Dividend portfolio. All twenty changes were increases. The average dividend increase is 6.58% compared with December 31, 2023 indicated levels.

Please contact your financial advisor for a complete list of all portfolio holdings that have, in the past 12 months, increased, decreased, or had no change in dividend.

From the press release: “Union Pacific Corporation (NYSE: UNP) announced that its Board of Directors today voted to increase the quarterly dividend on the Company’s common shares by 3% to $1.34 per share. The dividend is payable September 30, 2024, to shareholders of record August 30, 2024. Union Pacific has paid dividends on its common stock for 125 consecutive years.

“Union Pacific has a strong track record of delivering cash returns to its shareholders,” said Jennifer Hamann, executive vice president and chief financial officer. “We’re building on that record with a 3% increase in the third quarter, our 18th consecutive year of increased annual dividends per share.”¹

About the company: “Union Pacific (NYSE: UNP) delivers the goods families and businesses use every day with safe, reliable and efficient service. Operating in 23 western states, the company connects its customers and communities to the global economy. Trains are the most environmentally responsible way to move freight, helping Union Pacific protect future generations. More information about Union Pacific is available at www.up.com.”¹

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IMPORTANT DISCLOSURES: The securities discussed herein do not represent all of the securities held by the WCA Rising Dividend Portfolio as of the date presented and are subject to change at any time, without notice. A complete list of holdings as of the date noted above will be provided upon request. The above is presented to illustrate the application of the strategy only and not intended as personalized recommendations of any particular security. The securities identified and described above do not represent all of the securities purchased, sold, or recommended for client accounts. You should not assume that an investment in any of the securities identified was or will be profitable. Changes in market conditions or a company’s financial condition may impact the company’s ability to continue to pay dividends. Companies may also choose to discontinue dividend payments. All investments involve risk, including loss of principal, and there is no guarantee that investment objectives will be met. It is important to review your investment objectives, risk tolerance and liquidity needs before choosing an investment style or manager. Equity investments are subject generally to market, market sector, market liquidity, issuer, and investment style risks, among other factors to varying degrees. Fixed Income investments are subject to market, market liquidity, issuer, investment style, interest rate, credit quality, and call risks, among other factors to varying degrees.