Western Union Approves $1B Buyback Plan, Declares Quarterly Dividend
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Western Union has announced a $1 billion share repurchase program and declared a quarterly cash dividend of 23.5 cents per share, highlighting its commitment to capital deployment.
December 16, 2024 | 7:45 pm
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Western Union has approved a $1 billion share repurchase program and declared a quarterly dividend of 23.5 cents per share, indicating a strong capital deployment strategy.
The announcement of a $1 billion buyback program and a consistent dividend payout is likely to positively impact Western Union's stock price in the short term. Buybacks can increase EPS by reducing the number of shares outstanding, and dividends provide direct returns to shareholders, both of which are attractive to investors.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100