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 3.73%. The ex-dividend date is Thursday, March 15th. This is a positive change 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 raised 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 $1.95 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 35.9%.
Shares of The Western Union (WU) opened at $20.37 on Wednesday. The Western Union has a twelve month low of $18.39 and a twelve month high of $22.21. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of -6.17. The firm has a market capitalization of $9,245.68, a price-to-earnings ratio of 11.25, a PEG ratio of 2.44 and a beta of 1.05.
A number of research analysts recently commented on WU shares. Mizuho upgraded The 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. Goldman Sachs Group restated a “sell” rating and issued a $17.00 price target on shares of The Western Union in a research report on Thursday, December 14th. William Blair restated a “market perform” rating on shares of The Western Union in a research report on Wednesday, February 14th. TheStreet cut The Western Union from a “b-” rating to a “c-” rating in a research report on Tuesday, February 13th. Finally, UBS Group upgraded The Western Union to a “neutral” rating in a research report on Monday, January 8th. Five equities research analysts have rated the stock with a sell rating, eight have given a hold rating and two have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $19.85.
In other The Western Union news, EVP Jean Claude Farah sold 50,813 shares of The Western Union stock in a transaction dated Monday, January 8th. The stock was sold at an average price of $21.50, for a total value of $1,092,479.50. Following the transaction, the executive vice president now owns 152,362 shares in the company, valued at $3,275,783. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Amintore Schenkel sold 15,600 shares of The Western Union stock in a transaction dated Monday, January 8th. The shares were sold at an average price of $21.99, for a total value of $343,044.00. Following the completion of the transaction, the insider now owns 93,694 shares in the company, valued at approximately $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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