Western Union Stock Price, News & Analysis

The Western Union Company (NYSE: WU) has announced a quarterly cash dividend of $0.235 per common share. This dividend will be payable on June 30, 2022, to shareholders who are on record as of the close of business on June 16, 2022.

Western Union, a leader in cross-border payments, operates a vast financial network across over 200 countries and territories, facilitating money movement and payments in more than 130 currencies.

Western Union released data highlighting the perspectives and motivations of migrants across the U.S., U.K., Germany, France, Japan, and the UAE. Key findings show that 86% of U.S. migrants view their host country positively, and 88% feel appreciated. Additionally, 57% are familiar with cryptocurrency, and 83% utilize digital financial services. The company is collaborating with The Fletcher School at Tufts University to explore economic opportunities and acceptance of migrants through the "Migration Quotient" scorecard.

The Western Union Company (NYSE: WU), a leader in global money movement and payments, will present at the J.P. Morgan Global Technology, Media and Communications Conference on May 23, 2022, at 2:30 p.m. EDT. CEO Devin McGranahan will lead the presentation, which can be accessed via a webcast through their investor relations page. Western Union operates a robust financial network connecting over 200 countries and territories, facilitating cross-border transactions in more than 130 currencies, thus offering extensive services for consumers, businesses, and financial institutions.

Western Union (NYSE: WU) is expanding its partnership with the UK Post Office, making cross-border money transfer services available at 4,000 additional locations, effectively doubling its retail network in the UK. This expansion enhances Western Union’s omni-channel offering, allowing customers to send money digitally or in-person. The activation of these services is scheduled for Autumn 2022 and aims to improve financial inclusion in communities with declining local banking options. Both companies expect this partnership to drive foot traffic and support local businesses.

The Western Union Company (NYSE: WU) reported Q1 2022 earnings with GAAP EPS of $0.74, up from $0.44 YoY, driven by the gain from the Business Solutions sale. Revenue totaled $1.2 billion, reflecting a 4% decline YoY, primarily due to lower retail transfers and operations suspended in Russia and Belarus. Adjusted EPS was $0.51. Operating margins improved, with GAAP at 20.5% and adjusted at 21.8%. The company revised its 2022 outlook downward, anticipating revenue declines of approximately 9% to 11% and an adjusted EPS forecast of $1.75 to $1.85.

The Western Union Company (NYSE: WU) announced that CEO Devin McGranahan and CFO Raj Agrawal will host a webcast and conference call on April 28, 2022, at 4:30 p.m. ET to discuss Q1 2022 results. A press release with financial highlights will be issued at 4:05 p.m. ET the same day. Participants can join the call by dialing +1 (669) 900-6833 or +1 (253) 215-8782, using meeting ID 979 6440 0760 and passcode 455210. A replay of the webcast will be available on their investor relations website.

Western Union has launched its money transfer services in South Korea through the ICB mobile app - DEBUNK Remit. This app allows users to send money to select countries worldwide, offering cash payouts or transfers to bank accounts. The collaboration aims to provide enhanced customer experiences, expanding Western Union's reach to over 200 countries.

ICB processes around $1.6 billion in transactions annually, enhancing its fintech offerings.

Western Union announces a partnership with PT Artajasa Pembayaran Elektronis to facilitate inbound money transfers into bank accounts across Indonesia. This collaboration aims to meet the rising demand for efficient financial services. Customers can expect to receive international money transfers within minutes, with wallet payouts launching later this year. The partnership enhances Western Union's money movement options, providing reliability and speed. With expansive global capabilities, Western Union connects customers to billions of bank accounts and millions of digital wallets.

The Western Union Company (NYSE: WU) has condemned the invasion of Ukraine and expressed solidarity with its people. The company is actively supporting its Ukrainian customers, including those displaced by the conflict, through humanitarian donations and fee-free money transfer services. In response to the ongoing crisis, Western Union has decided to suspend operations in Russia and Belarus after careful consideration of the implications for its stakeholders. The organization emphasizes its commitment to the safety of its employees and ongoing support for Ukrainian refugees.