Western Union (NYSE:WU) declared a quarterly dividend on Friday, May 18th, RTT News reports. Investors of record on Friday, June 15th will be given a dividend of 0.19 per share by the credit services provider on Friday, June 29th. This represents a $0.76 annualized dividend and a yield of 3.77%.
Western Union has raised its dividend payment by an average of 11.9% annually over the last three years and has raised its dividend every year for the last 3 years. Western Union has a payout ratio of 38.3% meaning its dividend is sufficiently covered by earnings. Analysts expect Western Union to earn $1.96 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 35.7%.
Western Union traded up $0.06, hitting $20.17, during mid-day trading on Friday, according to MarketBeat Ratings. 60,715 shares of the stock were exchanged, compared to its average volume of 5,438,266. Western Union has a 1-year low of $19.92 and a 1-year high of $20.14. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of -8.36. The firm has a market cap of $9.22 billion, a price-to-earnings ratio of 11.21, a PEG ratio of 2.51 and a beta of 1.02.
Western Union (NYSE:WU) last posted its earnings results on Tuesday, May 1st. The credit services provider reported $0.45 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.42 by $0.03. Western Union had a positive return on equity of 698.54% and a negative net margin of 9.00%. The firm had revenue of $1.39 billion for the quarter, compared to analyst estimates of $1.36 billion. During the same quarter in the prior year, the company earned $0.35 EPS. Western Union’s revenue was up 6.7% on a year-over-year basis. research analysts forecast that Western Union will post 1.87 earnings per share for the current year.
A number of equities research analysts have issued reports on WU shares. Mizuho raised Western Union from an “underperform” rating to a “neutral” rating and set a $16.00 price target on the stock in a research report on Wednesday, February 14th. William Blair reaffirmed a “market perform” rating on shares of Western Union in a research report on Wednesday, February 14th. TheStreet lowered Western Union from a “b-” rating to a “c-” rating in a research report on Tuesday, February 13th. Zacks Investment Research lowered Western Union from a “hold” rating to a “sell” rating in a research report on Saturday, February 3rd. Finally, ValuEngine lowered Western Union from a “buy” rating to a “hold” rating in a research report on Tuesday, April 3rd. Five research analysts have rated the stock with a sell rating and eight have given a hold rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $19.06.
About Western Union
The Western Union Company provides money movement and payment services worldwide. The company operates in two segments, Consumer-to-Consumer and Business Solutions. The Consumer-to-Consumer segment facilitates money transfers between two consumers, primarily through a network of third-party agents. This segment offers international cross-border transfers and intra-country transfers, as well as money transfer transactions through Websites and mobile devices.
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