Western Union Company (The) (NYSE:WU) declared a quarterly dividend on Thursday, December 7th, RTT News reports. Shareholders of record on Monday, December 18th will be given a dividend of 0.175 per share by the credit services provider on Friday, December 29th. This represents a $0.70 dividend on an annualized basis and a yield of 3.61%.
Western Union has raised its dividend by an average of 8.6% annually over the last three years and has increased its dividend annually for the last 2 consecutive years. Western Union has a dividend payout ratio of 38.3% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Western Union to earn $1.85 per share next year, which means the company should continue to be able to cover its $0.70 annual dividend with an expected future payout ratio of 37.8%.
Western Union (NYSE WU) traded down $0.15 during trading hours on Thursday, reaching $19.40. 4,390,100 shares of the company’s stock were exchanged, compared to its average volume of 4,226,377. The company has a debt-to-equity ratio of 4.98, a current ratio of 1.00 and a quick ratio of 1.00. The firm has a market capitalization of $8,979.17, a PE ratio of 10.57, a PEG ratio of 1.85 and a beta of 1.00. Western Union has a 52 week low of $18.39 and a 52 week high of $22.70.
Western Union (NYSE:WU) last posted its quarterly earnings data on Thursday, November 2nd. The credit services provider reported $0.53 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.44 by $0.09. The company had revenue of $1.40 billion during the quarter, compared to analysts’ expectations of $1.39 billion. Western Union had a net margin of 3.83% and a return on equity of 116.85%. The firm’s revenue for the quarter was up 5.0% on a year-over-year basis. During the same period in the prior year, the business posted $0.46 earnings per share. equities research analysts predict that Western Union will post 1.83 earnings per share for the current year.
In related news, EVP Jean Claude Farah sold 17,518 shares of the company’s stock in a transaction dated Friday, November 3rd. The shares were sold at an average price of $20.50, for a total value of $359,119.00. Following the completion of the sale, the executive vice president now owns 139,500 shares of the company’s stock, valued at $2,859,750. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 1.10% of the company’s stock.
A number of equities research analysts have recently commented on WU shares. ValuEngine upgraded shares of Western Union from a “hold” rating to a “buy” rating in a research report on Friday, December 1st. Zacks Investment Research upgraded shares of Western Union from a “hold” rating to a “buy” rating and set a $22.00 target price for the company in a research report on Monday, November 6th. Jefferies Group reiterated a “hold” rating and issued a $19.00 target price on shares of Western Union in a research report on Thursday, October 12th. Stifel Nicolaus reiterated a “hold” rating and issued a $20.00 target price (up from $19.00) on shares of Western Union in a research report on Wednesday, August 9th. Finally, Mizuho reiterated a “sell” rating and issued a $16.00 target price on shares of Western Union in a research report on Sunday, October 15th. Six analysts have rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $20.14.
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About Western Union
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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