The Western Union Company (WU) Increases Dividend to $0.19 Per Share
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.
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.
ILLEGAL ACTIVITY WARNING: “The Western Union Company (WU) Increases Dividend to $0.19 Per Share” was first published by TheOlympiaReport and is owned by of TheOlympiaReport. If you are reading this article on another publication, it was stolen and republished in violation of United States and international copyright & trademark legislation. The legal version of this article can be accessed at https://theolympiareport.com/2018/02/13/the-western-union-company-wu-increases-dividend-to-0-19-per-share.html.
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.
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.