The Western Union Company Plans Quarterly Dividend of $0.13 (WU)
The Western Union Company (NYSE:WU) announced a quarterly dividend on Friday, May 16th, StockRatingsNetwork.com reports. Stockholders of record on Monday, June 16th will be paid a dividend of 0.125 per share on Monday, June 30th. This represents a $0.50 annualized dividend and a dividend yield of 3.12%.
WU has been the subject of a number of recent research reports. Analysts at Berenberg Bank initiated coverage on shares of The Western Union Company in a research note on Friday. They set a “sell” rating and a $12.50 price target on the stock. On a related note, analysts at Zacks reiterated a “neutral” rating on shares of The Western Union Company in a research note on Monday, March 31st. They now have a $17.00 price target on the stock. Finally, analysts at SunTrust downgraded shares of The Western Union Company from a “neutral” rating to a “reduce” rating in a research note on Thursday, February 27th. They now have a $13.00 price target on the stock, down previously from $15.00. Four analysts have rated the stock with a sell rating, nine have given a hold rating and eight have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $18.18.
The Western Union Company (NYSE:WU) traded down 1.65% on Friday, hitting $15.765. The stock had a trading volume of 2,814,760 shares. The Western Union Company has a 1-year low of $14.60 and a 1-year high of $19.50. The stock has a 50-day moving average of $16.06 and a 200-day moving average of $16.47. The company has a market cap of $8.496 billion and a P/E ratio of 11.21.
The Western Union Company (NYSE:WU) last posted its quarterly earnings results on Thursday, May 1st. The company reported $0.37 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.35 by $0.02. The company had revenue of $1.35 billion for the quarter, compared to the consensus estimate of $1.36 billion. During the same quarter in the prior year, the company posted $0.37 earnings per share. The company’s quarterly revenue was up 1.9% on a year-over-year basis. On average, analysts predict that The Western Union Company will post $1.46 earnings per share for the current fiscal year.
The Western Union Company (NYSE:WU) is engaged in money movement and payment services.
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