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.

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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)

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