The Western Union Company (WU) to Issue Quarterly Dividend of $0.24 on December 31st

The Western Union Company (NYSE:WU) announced a quarterly dividend on Thursday, December 11th. Shareholders of record on Monday, December 22nd will be paid 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 dividend yield of 9.8%. The ex-dividend date of this dividend is Monday, December 22nd.

Western Union has increased its dividend by an average of 0.0%annually over the last three years. Western Union has a payout ratio of 50.8% meaning its dividend is sufficiently covered by earnings. 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 Stock Performance

WU opened at $9.56 on Friday. The company has a debt-to-equity ratio of 2.80, a quick ratio of 1.12 and a current ratio of 1.12. The company has a market cap of $3.04 billion, a PE ratio of 4.17, a price-to-earnings-growth ratio of 2.98 and a beta of 0.52. The stock has a 50-day moving average of $8.88 and a 200-day moving average of $8.60. Western Union has a 52-week low of $7.85 and a 52-week high of $11.94.

Western Union (NYSE:WU) last posted its earnings results on Thursday, October 23rd. The credit services provider reported $0.47 earnings per share 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 firm had revenue of $1.02 billion during the quarter, compared to analyst estimates of $1.03 billion. During the same period in the previous year, the company earned $0.46 EPS. The company’s revenue for the quarter was down .3% on a year-over-year basis. Western Union has set its FY 2025 guidance at 1.650-1.750 EPS. As a group, equities research analysts forecast that Western Union will post 1.79 earnings per share for the current fiscal year.

Insider Activity at Western Union

In other news, insider Giovanni Angelini bought 10,000 shares of the business’s stock in a transaction that occurred on Monday, November 10th. The stock was acquired at an average cost of $8.95 per share, for a total transaction of $89,500.00. Following the completion of the purchase, the insider owned 186,932 shares of the company’s stock, valued at $1,673,041.40. This trade represents a 5.65% increase in their position. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 1.58% of the company’s stock.

Hedge Funds Weigh In On Western Union

Hedge funds and other institutional investors have recently made changes to their positions in the business. Wilmington Savings Fund Society FSB increased its stake in Western Union by 606.7% in the third quarter. Wilmington Savings Fund Society FSB now owns 3,265 shares of the credit services provider’s stock valued at $26,000 after acquiring an additional 2,803 shares during the period. UMB Bank n.a. boosted its holdings in Western Union by 260.7% during the third quarter. UMB Bank n.a. now owns 3,593 shares of the credit services provider’s stock valued at $29,000 after purchasing an additional 2,597 shares in the last quarter. Danske Bank A S bought a new stake in shares of Western Union in the 3rd quarter valued at approximately $37,000. Hantz Financial Services Inc. raised its holdings in shares of Western Union by 667.0% in the 2nd quarter. Hantz Financial Services Inc. now owns 4,602 shares of the credit services provider’s stock worth $39,000 after buying an additional 4,002 shares in the last quarter. Finally, Caldwell Trust Co bought a new position in shares of Western Union during the 2nd quarter worth approximately $45,000. 91.81% of the stock is owned by institutional investors.

About Western Union

Western Union Company (NYSE: WU) is a global leader in cross-border, cross-currency money movement and payments. The company enables individuals and businesses to send and receive money through a variety of channels, including its vast agent network, online platforms, and mobile applications. Core services include person-to-person money transfers, business-to-business cross-border payments, bill payment services and prepaid card programs.

Through its digital offerings, Western Union provides customers with the ability to initiate transfers via its website and mobile app, as well as track transactions in real time.