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Western Union Co Declares Dividend; Announces Share Repurchase Authorization


Tuesday, 30 Oct 2012 04:01pm EDT 

Western Union Co announced that its board of directors declared a quarterly cash dividend of $0.125 per common share, payable December 31, 2012 to stockholders of record at the close of business on December 17, 2012. The $0.125 quarterly dividend, which equates to $0.50 annually, represents a 25% increase from the previous quarterly dividend of $0.10 per common share, or $0.40 annually. The Company also announced that its board of directors approved a new $550 million share repurchase authorization, which expires December 31, 2013. This is in addition to the $194 million remaining as of September 30 under the current authorization, which expires December 31, 2012. 

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