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.
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.
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