Western Union company (NYSE: WU) declared a quarterly dividend on Tuesday, December 7, RTT News reports. Shareholders of record on Friday December 17 will receive a dividend of 0.235 per share from the credit service provider on Friday December 31. This represents an annualized dividend of $ 0.94 and a return of 5.38%.
Western Union has increased its dividend by 28.6% over the past three years and has increased its dividend annually for the past seven consecutive years. Western Union has a payout rate of 42.0%, which means its dividend is sufficiently covered by earnings. Equity research analysts expect Western Union to earn $ 2.25 per share next year, which means the company should continue to be able to cover its annual dividend of $ 0.94. with an expected future payout rate of 41.8%.
WU lost $ 0.38 on Tuesday, reaching $ 17.47. 344,176 shares of the company were traded, for an average volume of 4,603,604. The company has a leverage ratio of 7.74, a quick ratio of 0.93 and a current ratio of 0.93. The company’s fifty-day moving average is $ 18.73 and its 200-day moving average is $ 21.37. Western Union has a 52 week minimum of $ 15.69 and a 52 week maximum of $ 26.61. The company has a market cap of $ 7.02 billion, a P / E ratio of 9.02 and a beta of 0.92.
Western Union (NYSE: WU) last released its results on Monday, November 1. The credit services provider reported earnings of $ 0.63 per share for the quarter, beating the consensus estimate of $ 0.58 by $ 0.05. The company posted revenue of $ 1.29 billion for the quarter, compared to analysts’ estimates of $ 1.31 billion. Western Union had a net margin of 16.10% and a return on equity of 311.01%. During the same period of the previous year, the company posted earnings per share of $ 0.57. Analysts predict Western Union will post 2.08 BPA for the current fiscal year.
A number of research companies have weighed in on WU. Susquehanna reduced her price target on Western Union shares from $ 23.00 to $ 21.00 and set a “neutral” rating on the stock in a research note on Wednesday, November 3. Credit Suisse Group lowered its price target on Western Union shares from $ 23.00 to $ 19.00 and rated the stock as “underperforming” in a research note on Wednesday, November 3 . Northland Securities reduced its target price on Western Union shares from $ 32.00 to $ 25.00 and set an “outperform” rating on the stock in a research note on Wednesday, November 3. TheStreet downgraded Western Union’s rating from a “b-” rating to a “c +” rating in a Wednesday, November 24th research note. Finally, Citigroup downgraded Western Union shares from a “neutral” rating to a “buy” rating and set a price target of $ 27.00 on the stock in a research note on Monday 27. September. Three analysts rated the stock with a sell rating, seven issued a conservation rating, and three assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average “Hold” rating and a consensus price target of $ 22.73.
About Western Union
The Western Union Co is a holding company providing money transfer and payment services. It operates through the following segments: consumer to consumer; Business solutions; and other. The consumer-to-consumer segment facilitates money transfers between two consumers. The Business Solutions segment offers payment and currency solutions, cross-border and inter-currency transactions, for small and medium-sized businesses and other organizations and individuals.
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