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

by · The Markets Daily

The Western Union Company (NYSE:WU – Get Free Report) declared a quarterly dividend on Thursday, December 11th. Investors of record on Monday, December 22nd will be given a dividend of 0.235 per share by the credit services provider on Wednesday, December 31st. This represents a c) dividend on an annualized basis and a yield of 9.6%. The ex-dividend date of this dividend is Monday, December 22nd.

Western Union has increased its dividend payment by an average of 0.0%per year over the last three years. Western Union has a payout ratio of 50.8% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Western Union to earn $1.91 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 49.2%.

Western Union Trading Up 1.9%

NYSE WU traded up $0.18 on Friday, hitting $9.79. 2,274,599 shares of the stock were exchanged, compared to its average volume of 8,250,137. The company’s 50-day moving average price is $8.69 and its two-hundred day moving average price is $8.58. The company has a debt-to-equity ratio of 2.80, a current ratio of 1.12 and a quick ratio of 1.12. Western Union has a 52-week low of $7.85 and a 52-week high of $11.94. The company has a market capitalization of $3.11 billion, a price-to-earnings ratio of 4.28, a P/E/G ratio of 2.94 and a beta of 0.52.

Western Union (NYSE:WU – Get Free Report) last issued its earnings results on Thursday, October 23rd. The credit services provider reported $0.47 EPS for the quarter, topping the consensus estimate of $0.43 by $0.04. Western Union had a return on equity of 60.85% and a net margin of 18.80%.The business had revenue of $1.02 billion during the quarter, compared to analysts’ expectations of $1.03 billion. During the same quarter last year, the firm posted $0.46 earnings per share. Western Union’s revenue was down .3% compared to the same quarter last year. Western Union has set its FY 2025 guidance at 1.650-1.750 EPS. Research analysts predict that Western Union will post 1.79 EPS for the current year.

Wall Street Analyst Weigh In

WU has been the subject of a number of research analyst reports. Keefe, Bruyette & Woods reduced their price target on shares of Western Union from $10.00 to $9.00 and set a “market perform” rating for the company in a research report on Wednesday, October 1st. UBS Group boosted their target price on Western Union from $8.50 to $9.00 and gave the company a “neutral” rating in a research note on Monday, November 10th. Weiss Ratings raised Western Union from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Wednesday, October 8th. Susquehanna lifted their price target on Western Union from $9.00 to $10.00 and gave the company a “neutral” rating in a report on Monday, November 10th. Finally, Zacks Research upgraded Western Union from a “strong sell” rating to a “hold” rating in a report on Tuesday, October 7th. Ten investment analysts have rated the stock with a Hold rating and four have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Reduce” and an average price target of $8.70.

Get Our Latest Stock 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.

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