The Western Union Company (NYSE:WU) to Issue $0.24 Quarterly Dividend

The Western Union Company (NYSE:WUGet Free Report) declared a quarterly dividend on Friday, May 17th, RTT News reports. Shareholders of record on Friday, June 14th will be given a dividend of 0.235 per share by the credit services provider on Friday, June 28th. This represents a $0.94 dividend on an annualized basis and a yield of 7.15%.

Western Union has raised its dividend by an average of 1.5% annually over the last three years. Western Union has a dividend payout ratio of 51.1% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Western Union to earn $1.85 per share next year, which means the company should continue to be able to cover its $0.94 annual dividend with an expected future payout ratio of 50.8%.

Western Union Trading Down 0.4 %

Shares of NYSE:WU opened at $13.14 on Friday. The company has a debt-to-equity ratio of 6.38, a quick ratio of 1.01 and a current ratio of 1.01. The stock’s 50-day moving average is $13.42 and its 200-day moving average is $12.66. The company has a market cap of $4.45 billion, a P/E ratio of 7.78, a P/E/G ratio of 1.98 and a beta of 0.84. Western Union has a 52-week low of $10.92 and a 52-week high of $14.19.

Western Union (NYSE:WUGet Free Report) last released its earnings results on Wednesday, April 24th. The credit services provider reported $0.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.40 by $0.05. Western Union had a return on equity of 120.76% and a net margin of 14.12%. The firm had revenue of $1.05 billion for the quarter, compared to analyst estimates of $1.01 billion. During the same quarter last year, the firm posted $0.43 EPS. The company’s revenue was up 1.2% on a year-over-year basis. Equities research analysts predict that Western Union will post 1.76 earnings per share for the current year.

Insider Activity

In related news, Director Timothy P. Murphy acquired 10,000 shares of the company’s stock in a transaction on Monday, February 26th. The stock was purchased at an average cost of $12.85 per share, for a total transaction of $128,500.00. Following the completion of the purchase, the director now directly owns 56,205 shares of the company’s stock, valued at approximately $722,234.25. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 0.85% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on WU shares. JPMorgan Chase & Co. upped their target price on shares of Western Union from $13.00 to $14.00 and gave the company an “underweight” rating in a research note on Thursday, April 25th. Monness Crespi & Hardt began coverage on shares of Western Union in a report on Wednesday, March 20th. They set a “neutral” rating on the stock. BMO Capital Markets increased their target price on shares of Western Union from $12.00 to $13.00 and gave the company a “market perform” rating in a research note on Wednesday, February 7th. William Blair restated a “market perform” rating on shares of Western Union in a research note on Wednesday, February 7th. Finally, Evercore ISI raised their price objective on Western Union from $14.00 to $15.00 and gave the stock an “in-line” rating in a research report on Thursday, April 25th. Three research analysts have rated the stock with a sell rating and nine have issued a hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $13.61.

View Our Latest Analysis on WU

About Western Union

(Get Free Report)

The Western Union Company provides money movement and payment services worldwide. The company operates through Consumer Money Transfer and Consumer Services segments. The Consumer Money Transfer segment facilitates money transfers for international cross-border and intra-country transfers, primarily through a network of retail agent locations, as well as through websites and mobile devices.

Further Reading

Dividend History for Western Union (NYSE:WU)

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