The Western Union Company (NYSE:WU – Get Free Report) announced a quarterly dividend on Wednesday, July 24th, RTT News reports. Stockholders of record on Monday, September 16th will be given a dividend of 0.235 per share by the credit services provider on Monday, September 30th. This represents a $0.94 dividend on an annualized basis and a dividend yield of 7.93%. The ex-dividend date is Monday, September 16th.
Western Union has raised its dividend by an average of 1.5% per year over the last three years. Western Union has a payout ratio of 51.6% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Western Union to earn $1.85 per share next year, which means the company should continue to be able to cover its $0.94 annual dividend with an expected future payout ratio of 50.8%.
Western Union Stock Performance
Shares of NYSE:WU opened at $11.85 on Friday. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 5.98. Western Union has a 1-year low of $10.92 and a 1-year high of $14.19. The stock has a market capitalization of $4.00 billion, a P/E ratio of 7.01, a P/E/G ratio of 1.78 and a beta of 0.86. The business has a 50-day moving average price of $12.08 and a two-hundred day moving average price of $12.76.
Analysts Set New Price Targets
WU has been the subject of a number of analyst reports. Royal Bank of Canada decreased their price objective on Western Union from $16.00 to $14.00 and set a “sector perform” rating for the company in a research note on Wednesday, July 31st. Citigroup reissued a “neutral” rating and set a $13.00 target price on shares of Western Union in a research note on Wednesday, July 17th. JPMorgan Chase & Co. lowered their price objective on shares of Western Union from $14.00 to $12.00 and set an “underweight” rating for the company in a research report on Tuesday, August 20th. Finally, StockNews.com upgraded shares of Western Union from a “sell” rating to a “hold” rating in a report on Thursday, August 29th. Three research analysts have rated the stock with a sell rating and eight have issued a hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $13.14.
Get Our Latest Stock Analysis on Western Union
About Western Union
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.
Featured Articles
- Five stocks we like better than Western Union
- Stock Trading Terms – Stock Terms Every Investor Needs to Know
- Can Celsius Stock Rebound? Analysts See 74% Upside Potential
- Canada Bond Market Holiday: How to Invest and Trade
- Kroger Stock is a Win-Win for Buy-and-Hold Investors
- REIT Stocks – Best REIT Stocks to Add to Your Portfolio Today
- MarketBeat Week in Review – 9/9 – 9/13
Receive News & Ratings for Western Union Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Western Union and related companies with MarketBeat.com's FREE daily email newsletter.