Investors buy stocks for all sorts of reasons, and what might seem a boring investment to some will be core holding in a retirement portfolio for others. In the case of Class 1 railroad Union Pacific (NYSE: UNP), it's all about the safety and growth potential in its current 2.3% dividend yield. Here's why it deserves a close look for income-seeking investors.
You can think of Union Pacific as a relatively low risk with more income-generating potential. It's not the sort of stock that's going to shoot the lights out from here, but it should provide investors with good investment returns over the next decade.
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Source Fool.com