Western Union: Dividend Insights
Portfolio Pulse from Benzinga Insights
Western Union (NYSE:WU) announced a quarterly dividend of 23.5 cents per share, with the ex-dividend date set for Tuesday. Shareholders owning WU stock by the end of Monday are eligible for the dividend, which will be paid on December 29, 2023. The stock is expected to open 23.5 cents lower on the ex-dividend date.
December 14, 2023 | 2:45 pm
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Western Union will pay a quarterly dividend of 23.5 cents per share, with the ex-dividend date being this Tuesday. The stock price is expected to open lower by the dividend amount on the ex-dividend date.
The announcement of a dividend typically leads to a short-term decrease in the stock price by the amount of the dividend on the ex-dividend date, as the dividend payout is factored into the stock price. Since Western Union is paying out 23.5 cents per share, the stock is expected to open lower by that amount, which could be seen as a short-term negative impact. However, the overall impact on the stock price may be minimal as dividends are a regular part of Western Union's shareholder returns and are often anticipated by the market.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100