The Western Union Company (NYSE:WU) declared a quarterly dividend on Tuesday, February 13th, RTT News reports. Shareholders 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 3.85%. This is an increase from The Western Union’s previous quarterly dividend of $0.18.

The Western Union has increased its dividend 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 dividend payout ratio of 38.3% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect The Western Union to earn $1.84 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 38.0%.

The Western Union (NYSE:WU) traded down $0.02 during trading hours on Tuesday, reaching $19.75. The company’s stock had a trading volume of 7,350,986 shares, compared to its average volume of 6,725,449. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 4.98. The Western Union has a 52 week low of $18.39 and a 52 week high of $22.21. The company has a market cap of $8,891.90, a P/E ratio of 43.04, a PEG ratio of 1.81 and a beta of 1.05.

A number of research analysts have commented on the company. ValuEngine raised The Western Union from a “hold” rating to a “buy” rating in a report on Friday, December 1st. Susquehanna Bancshares raised The Western Union from a “negative” rating to a “neutral” rating in a report on Monday, January 8th. Zacks Investment Research downgraded The Western Union from a “hold” rating to a “sell” rating in a report on Saturday, February 3rd. Citigroup increased their target price on The Western Union from $17.00 to $17.50 and gave the stock a “sell” rating in a report on Friday, November 3rd. Finally, UBS Group raised The Western Union to a “neutral” rating in a report on Monday, January 8th. Seven analysts have rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $19.85.

In related news, insider Amintore Schenkel sold 15,600 shares of the firm’s stock in a transaction that occurred on Monday, January 8th. The stock was sold at an average price of $21.99, for a total value of $343,044.00. Following the sale, the insider now owns 93,694 shares of the company’s stock, valued at approximately $2,060,331.06. The sale was disclosed in a document filed 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 that occurred on Monday, January 8th. The stock was sold at an average price of $21.50, for a total value of $1,092,479.50. Following the completion of the sale, the executive vice president now directly owns 152,362 shares in the company, valued at approximately $3,275,783. The disclosure for this sale can be found here. Company insiders own 1.10% of the company’s stock.

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About The 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.

Dividend History for The Western Union (NYSE:WU)

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