The Western Union Company (NYSE:WU) announced a quarterly dividend on Tuesday, February 13th, RTT News reports. Investors of record on Friday, March 16th will be given a dividend of 0.19 per share by the credit services provider on Friday, March 30th. This represents a $0.76 dividend on an annualized basis and a yield of 3.77%. The ex-dividend date is Thursday, March 15th. This is a boost from The Western Union’s previous quarterly dividend of $0.18.
The Western Union has increased its dividend payment by an average of 11.9% annually 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% meaning its dividend is sufficiently covered by earnings. Research analysts expect The Western Union to earn $1.94 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 36.1%.
Shares of The Western Union (NYSE WU) opened at $20.17 on Friday. The company has a market capitalization of $9,260.00, a price-to-earnings ratio of 36.02, a P/E/G ratio of 2.42 and a beta of 1.05. The Western Union has a 12-month low of $18.39 and a 12-month high of $22.21. The company has a debt-to-equity ratio of -6.17, a current ratio of 0.82 and a quick ratio of 0.82.
A number of equities research analysts recently commented on WU shares. ValuEngine raised The Western Union from a “hold” rating to a “buy” rating in a research report on Friday, December 1st. Goldman Sachs Group reissued a “sell” rating and issued a $17.00 price target on shares of The Western Union in a research report on Thursday, December 14th. UBS Group raised The Western Union to a “neutral” rating in a research report on Monday, January 8th. Susquehanna Bancshares raised The Western Union from a “negative” rating to a “neutral” rating in a research report on Monday, January 8th. Finally, Zacks Investment Research lowered The Western Union from a “hold” rating to a “sell” rating in a research report on Saturday, February 3rd. Five research analysts have rated the stock with a sell rating, eight have issued a hold rating and two have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $19.85.
In other news, insider Amintore Schenkel sold 15,600 shares of the firm’s stock in a transaction 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 directly owns 93,694 shares of the company’s stock, valued at approximately $2,060,331.06. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP Jean Claude Farah sold 50,813 shares of the firm’s stock in a transaction 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 directly owns 152,362 shares of the company’s stock, valued at $3,275,783. The disclosure for this sale can be found here. Company insiders own 1.10% of the company’s stock.
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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