The Western Union Company (NYSE:WU) to Issue $0.20 Quarterly Dividend

The Western Union Company (NYSE:WU) declared a quarterly dividend on Wednesday, December 4th, RTT News reports. Stockholders of record on Tuesday, December 17th will be paid a dividend of 0.20 per share by the credit services provider on Tuesday, December 31st. This represents a $0.80 annualized dividend and a dividend yield of 2.97%.

Shares of WU traded up $0.16 on Wednesday, reaching $26.91. The stock had a trading volume of 130,477 shares, compared to its average volume of 7,944,794. The company has a debt-to-equity ratio of 101.99, a quick ratio of 0.96 and a current ratio of 0.96. The Western Union has a 12-month low of $16.42 and a 12-month high of $28.00. The firm has a market capitalization of $11.27 billion, a price-to-earnings ratio of 14.02, a price-to-earnings-growth ratio of 1.24 and a beta of 0.80. The company has a 50-day simple moving average of $26.08 and a 200-day simple moving average of $22.39.

The Western Union (NYSE:WU) last issued its quarterly earnings results on Thursday, October 31st. The credit services provider reported $0.49 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.46 by $0.03. The company had revenue of $1.31 billion for the quarter, compared to analysts’ expectations of $1.31 billion. The Western Union had a negative return on equity of 475.84% and a net margin of 21.07%. The firm’s revenue for the quarter was down 5.9% on a year-over-year basis. During the same period in the prior year, the firm earned $0.52 earnings per share. On average, analysts expect that The Western Union will post 1.77 EPS for the current fiscal year.

In other The Western Union news, insider Amintore Schenkel sold 13,361 shares of the stock in a transaction on Friday, September 6th. The stock was sold at an average price of $22.86, for a total transaction of $305,432.46. Following the sale, the insider now directly owns 96,839 shares in the company, valued at approximately $2,213,739.54. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Andrew Summerill sold 2,125 shares of the stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $27.55, for a total value of $58,543.75. Following the sale, the insider now owns 18,047 shares in the company, valued at $497,194.85. The disclosure for this sale can be found here. Insiders have sold a total of 51,674 shares of company stock worth $1,268,531 over the last three months. 1.33% of the stock is currently owned by insiders.

A number of analysts have recently commented on WU shares. Guggenheim cut shares of The Western Union from a “buy” rating to a “neutral” rating in a report on Tuesday, November 12th. They noted that the move was a valuation call. TheStreet lowered shares of The Western Union from a “b” rating to a “c+” rating in a research note on Thursday, October 31st. Citigroup set a $20.50 price objective on shares of The Western Union and gave the stock a “sell” rating in a report on Friday, November 1st. SunTrust Banks raised their target price on shares of The Western Union to $26.00 and gave the company a “hold” rating in a research note on Monday, November 4th. Finally, Bank of America set a $21.00 target price on shares of The Western Union and gave the company a “sell” rating in a report on Friday, November 1st. Six equities research analysts have rated the stock with a sell rating, seven have given a hold rating and one has issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $23.35.

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.

Further Reading: When can a hold rating present a buying opportunity?

Dividend History for The Western Union (NYSE:WU)

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.



Comments


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on reddit