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 3.72%. The ex-dividend date of this dividend is Thursday, March 15th. 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% annually over the last three years and has increased its dividend every year for the last 3 years. The Western Union has a payout ratio of 38.3% indicating that its dividend is sufficiently covered by earnings. Equities research 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%.
Shares of The Western Union (NYSE WU) opened at $20.41 on Wednesday. The company has a debt-to-equity ratio of 4.98, a quick ratio of 1.00 and a current ratio of 1.00. The Western Union has a one year low of $18.39 and a one year high of $22.21. The stock has a market cap of $9,080.21, a price-to-earnings ratio of 44.02, a price-to-earnings-growth ratio of 1.85 and a beta of 1.05.
The Western Union (NYSE:WU) last announced its earnings results on Tuesday, February 13th. The credit services provider reported $0.41 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.45 by ($0.04). The Western Union had a net margin of 3.83% and a return on equity of 116.85%. During the same quarter last year, the company earned $0.47 EPS. equities research analysts anticipate that The Western Union will post 1.83 earnings per share for the current year.
Several analysts have issued reports on the stock. ValuEngine raised shares of The Western Union from a “hold” rating to a “buy” rating in a research note on Friday, December 1st. Susquehanna Bancshares raised shares of The Western Union from a “negative” rating to a “neutral” rating in a research note on Monday, January 8th. Zacks Investment Research downgraded shares of The Western Union from a “hold” rating to a “sell” rating in a research note on Saturday, February 3rd. Citigroup boosted their target price on shares of 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, UBS Group raised shares of The Western Union to a “neutral” rating in a research note on Monday, January 8th. Six equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and two have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $19.85.
In other news, EVP Jean Claude Farah sold 50,813 shares of the business’s stock in a transaction on Monday, January 8th. The shares were sold at an average price of $21.50, for a total transaction of $1,092,479.50. Following the transaction, the executive vice president now directly owns 152,362 shares in the company, valued at approximately $3,275,783. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Amintore Schenkel sold 15,600 shares of the business’s stock in a transaction on Monday, January 8th. The shares were sold at an average price of $21.99, for a total transaction of $343,044.00. Following the transaction, the insider now owns 93,694 shares in the company, valued at $2,060,331.06. The disclosure for this sale can be found here. Insiders own 1.10% of the company’s stock.
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The Western Union Company Profile
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.
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