The Western Union Company (WU) to Issue $0.20 Quarterly Dividend

Share on StockTwits

The Western Union Company (NYSE:WU) declared a quarterly dividend on Friday, May 17th, RTT News reports. Investors of record on Friday, June 14th will be given a dividend of 0.20 per share by the credit services provider on Friday, June 28th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 4.11%.

The Western Union has raised its dividend payment by an average of 7.0% annually over the last three years and has increased its dividend annually for the last 4 consecutive years. The Western Union has a payout ratio of 43.0% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect The Western Union to earn $1.90 per share next year, which means the company should continue to be able to cover its $0.80 annual dividend with an expected future payout ratio of 42.1%.

Shares of WU stock traded down $0.15 during trading on Friday, reaching $19.45. 2,069,822 shares of the company’s stock were exchanged, compared to its average volume of 5,772,275. The firm has a market capitalization of $8.37 billion, a PE ratio of 10.13, a PEG ratio of 3.19 and a beta of 0.91. The Western Union has a twelve month low of $16.42 and a twelve month high of $21.37.

The Western Union (NYSE:WU) last posted its earnings results on Tuesday, May 7th. The credit services provider reported $0.39 earnings per share for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.04). The business had revenue of $1.34 billion for the quarter, compared to analyst estimates of $1.36 billion. The Western Union had a negative return on equity of 216.66% and a net margin of 14.65%. The firm’s revenue was down 3.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.45 earnings per share. As a group, research analysts predict that The Western Union will post 1.8 EPS for the current fiscal year.

WU has been the topic of a number of research reports. Zacks Investment Research raised The Western Union from a “sell” rating to a “hold” rating in a report on Monday, March 4th. ValuEngine raised The Western Union from a “sell” rating to a “hold” rating in a report on Friday, March 22nd. Finally, Northcoast Research lowered The Western Union from a “buy” rating to a “neutral” rating in a report on Wednesday, May 8th. Three analysts have rated the stock with a sell rating and five have given a hold rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $20.00.

TRADEMARK VIOLATION NOTICE: “The Western Union Company (WU) to Issue $0.20 Quarterly Dividend” was originally published by Macon Daily and is the property of of Macon Daily. If you are reading this piece on another website, it was illegally stolen and republished in violation of US & international copyright & trademark laws. The legal version of this piece can be read at https://macondaily.com/2019/05/17/the-western-union-company-wu-to-issue-0-20-quarterly-dividend.html.

About The 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.

Featured Story: Straddles

Dividend History for The Western Union (NYSE:WU)

Receive News & Ratings for The Western Union Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The Western Union and related companies with MarketBeat.com's FREE daily email newsletter.