Western Union (WU) Declares $0.24 Dividend
Western Union said on May 12, 2023 that its board of directors declared a regular quarterly dividend of $0.24 per share ($0.94 annualized). Previously, the company paid $0.24 per share.
Shares must be purchased before the ex-div date of June 15, 2023 to qualify for the dividend. Shareholders of record as of June 16, 2023 will receive the payment on June 30, 2023.
At the current share price of $12.24 / share, the stock's dividend yield is 7.68%.
Looking back five years and taking a sample every week, the average dividend yield has been 4.65%, the lowest has been 2.83%, and the highest has been 8.89%. The standard deviation of yields is 1.27 (n=237).
The current dividend yield is 2.39 standard deviations above the historical average.
Additionally, the company's dividend payout ratio is 0.46. The payout ratio tells us how much of a company's income is paid out in dividends. A payout ratio of one (1.0) means 100% of the company's income is paid in a dividend. A payout ratio greater than one means the company is dipping into savings in order to maintain its dividend - not a healthy situation. Companies with few growth prospects are expected to pay out most of their income in dividends, which typically means a payout ratio between 0.5 and 1.0. Companies with good growth prospects are expected to retain some earnings in order to invest in those growth prospects, which translates to a payout ratio of zero to 0.5.
The company's 3-Year dividend growth rate is 0.04%, demonstrating that it has increased its dividend over time.
Learn to Harvest Dividends
Buy Stock. Capture Dividend. Sell Stock. Repeat. This is the essence of dividend harvesting and you can do it easily with Fintel's Dividend Capture Calendar.
What is the Fund Sentiment?
There are 973 funds or institutions reporting positions in Western Union. This is a decrease of 64 owner(s) or 6.17% in the last quarter. Average portfolio weight of all funds dedicated to WU is 0.17%, an increase of 4.90%. Total shares owned by institutions decreased in the last three months by 10.22% to 390,162K shares. 
The put/call ratio of WU is 0.33, indicating a bullish outlook.
Analyst Price Forecast Suggests 1.79% Upside
As of May 11, 2023, the average one-year price target for Western Union is 12.46. The forecasts range from a low of 10.10 to a high of $18.90. The average price target represents an increase of 1.79% from its latest reported closing price of 12.24.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Western Union is 4,199MM, a decrease of 3.62%. The projected annual non-GAAP EPS is 1.63.
What are Other Shareholders Doing?
Capital Research Global Investors holds 19,118K shares representing 5.11% ownership of the company. In it's prior filing, the firm reported owning 19,108K shares, representing an increase of 0.05%. The firm decreased its portfolio allocation in WU by 23.50% over the last quarter.
Jupiter Asset Management holds 16,078K shares representing 4.29% ownership of the company. In it's prior filing, the firm reported owning 9,439K shares, representing an increase of 41.29%. The firm increased its portfolio allocation in WU by 174,944.51% over the last quarter.
IJH - iShares Core S&P Mid-Cap ETF holds 11,925K shares representing 3.18% ownership of the company. In it's prior filing, the firm reported owning 11,273K shares, representing an increase of 5.47%. The firm decreased its portfolio allocation in WU by 5.81% over the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 11,742K shares representing 3.14% ownership of the company. In it's prior filing, the firm reported owning 11,522K shares, representing an increase of 1.88%. The firm decreased its portfolio allocation in WU by 4.00% over the last quarter.
AMRMX - AMERICAN MUTUAL FUND holds 11,373K shares representing 3.04% ownership of the company. No change in the last quarter.
Western Union Background Information
(This description is provided by the company.)
The Western Union Company is a global leader in cross-border, cross-currency money movement and payments. Western Union's platform provides seamless cross-border flows and its leading global financial network bridges more than 200 countries and territories and over 130 currencies. Western Union connects businesses, financial institutions, governments, and consumers through one of the world's widest reaching networks, accessing billions of bank accounts, millions of digital wallets and cards, and over half a million retail locations. Western Union connects the world to bring boundless possibilities within reach.
Key filings for this company:
This story originally appeared on Fintel.