The Western Union Company (WU) Raises Dividend to $0.19 Per Share

The Western Union Company (NYSE:WU) announced a quarterly dividend on Tuesday, February 13th, RTT News reports. Shareholders of record on Friday, March 16th will be paid a dividend of 0.19 per share by the credit services provider on Friday, March 30th. This represents a $0.76 annualized dividend and a yield of 3.85%. This is a boost from The Western Union’s previous quarterly dividend of $0.18.

The Western Union has raised its dividend payment by an average of 11.9% per year over the last three years and has increased its dividend annually for the last 3 consecutive years. The Western Union has a payout ratio of 38.3% indicating that its dividend is sufficiently covered by earnings. Analysts expect The Western Union to earn $1.84 per share next year, which means the company should continue to be able to cover its $0.70 annual dividend with an expected future payout ratio of 38.0%.

The Western Union (WU) traded down $0.02 during mid-day trading on Tuesday, hitting $19.75. The stock had a trading volume of 7,350,986 shares, compared to its average volume of 6,725,449. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 4.98. The Western Union has a fifty-two week low of $18.39 and a fifty-two week high of $22.21. The firm has a market capitalization of $8,891.90, a price-to-earnings ratio of 43.04, a P/E/G ratio of 1.81 and a beta of 1.05.

WU has been the subject of a number of recent research reports. Goldman Sachs Group reiterated a “sell” rating and issued a $17.00 target price on shares of The Western Union in a research note on Thursday, December 14th. Susquehanna Bancshares upgraded The Western Union from a “negative” rating to a “neutral” rating in a research note on Monday, January 8th. Zacks Investment Research upgraded The Western Union from a “hold” rating to a “buy” rating and set a $22.00 target price for the company in a research note on Monday, November 6th. Citigroup increased their target price on The Western Union from $17.00 to $17.50 and gave the company a “sell” rating in a research note on Friday, November 3rd. Finally, ValuEngine upgraded The Western Union from a “hold” rating to a “buy” rating in a research note on Friday, December 1st. Seven equities research analysts have rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the company’s stock. The Western Union currently has an average rating of “Hold” and an average price target of $19.85.

In other The Western Union news, insider Amintore Schenkel sold 15,600 shares of the firm’s stock in a transaction that occurred on Monday, January 8th. The stock was sold at an average price of $21.99, for a total transaction of $343,044.00. Following the completion of the sale, the insider now owns 93,694 shares in the company, valued at approximately $2,060,331.06. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Jean Claude Farah sold 50,813 shares of the firm’s stock in a transaction that occurred on Monday, January 8th. The shares were sold at an average price of $21.50, for a total value of $1,092,479.50. Following the sale, the executive vice president now owns 152,362 shares of the company’s stock, valued at approximately $3,275,783. The disclosure for this sale can be found here. 1.10% of the stock is owned by company insiders.

WARNING: This piece of content was reported by American Banking News and is the property of of American Banking News. If you are accessing this piece of content on another domain, it was copied illegally and reposted in violation of US and international copyright and trademark legislation. The original version of this piece of content can be viewed at https://www.americanbankingnews.com/2018/02/13/the-western-union-company-wu-raises-dividend-to-0-19-per-share.html.

About The Western Union

The Western Union Company (Western Union) is a provider of money movement and payment services. The Company operates through three segments: Consumer-to-Consumer, Consumer-to-Business and Business Solutions. The Company’s Consumer-to-Consumer segment facilitates money transfers between two consumers, primarily through a network of third-party agents.

Dividend History for The Western Union (NYSE:WU)

Receive News & Ratings for The Western Union Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The Western Union and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply