Does Union Pacific have a dividend reinvestment plan (DRIP)?
Yes. Union Pacific does have an automatic dividend reinvestment plan with a voluntary cash payment feature. For more information visit our DRIP Web page or contact our transfer agent, Computershare Investor Services
Computershare indicates https://www.up.com/investors/attachment ... p_dspp.pdf that non-US
For non-U.S. persons, Computershare will send a Form 1042-S to you and the Internal Revenue Service after each year-end, reporting any dividend income you have received during the year
My questions are 1) how might that accommodate filing a W8BEN to reduce US withholding taxes to 15% instead of 30%, in the past I've managed that via my broker but with DRIP's you're directly adding/reducing shares with the company, there's no brokers involved with which to register a W8BEN. 2) Are the dividend amounts auto reinvested after deduction of the 15% withholding tax (assuming a W8BEN is registered), or is form 1042-S just a report advising how much tax is due to be paid to the US treasury.
Perhaps Compuershare manage the W8BEN registration and withholding taxes? Or maybe its not even possible? Whilst Union Pacific indicates non-US can participate, when I try to register with Computershare US https://www-us.computershare.com/Invest ... =SPP1&sv=l it restricts to entering only a US postal address. Whilst computershare UK doesn't seem to include the option to buy other than UK DRIP's.