Union Pacific is reportedly considering acquiring a rival railroad, sending shares of CSX and Norfolk Southern higher.

Union Pacific and Norfolk Southern are in merger talks to create the largest railroad in North America that would connect the East and West Coasts.

In a shareholder-friendly move, Union Pacific Corporation’s (UNP) board of directors approved a dividend hike of 3%, thereby raising its quarterly cash dividend to $1.38 per share ($5.52 annualized) from $1.

We recently published Jim Cramer Analyzed These 9 Stocks As He Said Tariffs Are Better Than CIA Coups. Union Pacific Corporation (NYSE:UNP) is one of the stocks Jim Cramer recently discussed. Union Pacific Corporation (NYSE:UNP) is one of the largest and oldest railroad companies in America.