The Western Union Company (NYSE:WU) declared a quarterly dividend on Thursday, July 18th, Zacks reports. Stockholders of record on Monday, September 16th will be given a dividend of 0.20 per share by the credit services provider on Monday, September 30th. This represents a $0.80 annualized dividend and a dividend yield of 3.41%. The ex-dividend date is Friday, September 13th.

The Western Union has raised its dividend payment by an average of 7.0% per year over the last three years and has increased its dividend annually for the last 4 consecutive years. The Western Union has a payout ratio of 43.0% meaning its dividend is sufficiently covered by earnings. Equities analysts expect The Western Union to earn $1.94 per share next year, which means the company should continue to be able to cover its $0.80 annual dividend with an expected future payout ratio of 41.2%.

Shares of NYSE WU traded up $0.26 during midday trading on Wednesday, reaching $23.48. 197,056 shares of the company traded hands, compared to its average volume of 4,708,074. The company has a market cap of $9.88 billion, a price-to-earnings ratio of 12.23, a PEG ratio of 2.64 and a beta of 0.82. The stock has a 50-day moving average price of $21.62 and a 200 day moving average price of $19.88. The Western Union has a 52 week low of $16.42 and a 52 week high of $23.37. The company has a debt-to-equity ratio of 101.99, a current ratio of 0.94 and a quick ratio of 0.94.

The Western Union (NYSE:WU) last announced its earnings results on Thursday, August 1st. The credit services provider reported $0.45 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.48 by ($0.03). The Western Union had a net margin of 22.11% and a negative return on equity of 309.12%. The company had revenue of $1.34 billion during the quarter, compared to the consensus estimate of $1.34 billion. During the same quarter in the prior year, the company earned $0.46 EPS. The business’s quarterly revenue was down 5.0% on a year-over-year basis. As a group, analysts expect that The Western Union will post 1.77 EPS for the current year.

In other news, EVP Richard L. Williams sold 16,000 shares of the company’s stock in a transaction on Monday, June 17th. The stock was sold at an average price of $20.01, for a total value of $320,160.00. Following the completion of the sale, the executive vice president now owns 108,782 shares in the company, valued at $2,176,727.82. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Amintore Schenkel sold 13,361 shares of the company’s stock in a transaction on Friday, September 6th. The shares were sold at an average price of $22.86, for a total value of $305,432.46. Following the completion of the sale, the insider now owns 96,839 shares of the company’s stock, valued at approximately $2,213,739.54. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 105,668 shares of company stock worth $2,211,700. 1.33% of the stock is owned by insiders.

Separately, TheStreet upgraded shares of The Western Union from a “c+” rating to a “b” rating in a research note on Thursday, August 1st. Two investment analysts have rated the stock with a sell rating and four have assigned a hold rating to the company. The Western Union has an average rating of “Hold” and a consensus price target of $19.67.

The Western Union Company Profile

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.

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Dividend History for The Western Union (NYSE:WU)

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