Key Developments: Western Union Co (WU)
16.45USD
24 May 2013
$-0.02 (-0.12%)
$16.47
$16.41
$16.46
$16.32
3,697,510
8,143,005
$19.14
$11.93
Latest Key Developments (Source: Significant Developments)
Western Union Co Reaffirms FY 2013 Guidance
Western Union Co reaffirmed fiscal 2013 guidance and expects low single digit constant currency revenue declines and GAAP earnings per share (EPS) in a range of $1.33 to $1.43. The Company reported revenue of $5.665 billion in fiscal 2012. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $5.56 billion and EPS of $1.40 for fiscal 2013. Full Article
Western Union Co Announces $0.125 Quarterly Dividend
Western Union Co announced that its board of directors declared a quarterly cash dividend of $0.125 per common share, payable March 29, 2013 to stockholders of record at the close of business on March 15, 2013. Full Article
Western Union Co Issues FY 2013 Guidance
Western Union Co announced that, it expects the following outlook for fiscal 2013, including the impact of strategic actions intended to drive revenue and profit growth in 2014 and 2015: Revenue - Low single digit constant currency revenue declines; and EPS - GAAP EPS in a range of $1.33 to $1.43, including approximately $0.03 per share of after-tax expense related to TGBP integration activities. EPS includes approximately $0.06 per share of after-tax expense related to new cost savings initiatives. The Company reported revenue of $5.665 billion in fiscal 2012. Full Article
Western Union Co Signs Five-Year Agreement with Safeway Inc
Western Union Co announced a renewal agreement with Safeway Inc, is in food and drug retailers in North America. Under the terms of the agreement, more than 1,640 Safeway store locations across the United States and Canada will continue to offer Western Union global money transfer services. Safeway will also introduce Western Union money order and consumer bill payment services in the U.S. in 2013. Full Article
Western Union Co Announces Completion of $750 Million Debt Offering
Western Union Co announced that it has successfully completed a $750 million issuance of senior unsecured notes. The issuance includes $250 million of notes due 2015, with an interest coupon of 2.375%, and $500 million of notes due 2017, with an interest coupon of 2.875%. The proceeds of the offering will be utilized for general corporate purposes, including stock repurchases and repayment of indebtedness. Full Article
Western Union Co and EZCORP Inc Sign Agreement
Western Union Co and EZCORP Inc. announced an agreement. Under the terms of the agreement, Western Union Money Transfer, money order and consumer bill payment services will be available at over 900 EZCORP-operated store locations in the United States. Western Union money transfer services also will be available at more than 300 EZCORP-operated store locations in Mexico and Canada. Full Article
Western Union Co Declares Dividend; Announces Share Repurchase Authorization
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. Full Article
Western Union Co Lowers FY 2012 Guidance
Western Union Co announced that for fiscal 2012, it expects constant currency revenue growth in a range of +4% to +5%, including a +4% benefit from the full year inclusion of TGBP; GAAP revenue growth 2% lower than constant currency; GAAP EPS in a range of $1.60 to $1.63, which compares to the previous outlook of $1.68 to $1.72 and EPS excluding TGBP integration expenses in a range of $1.65 to $1.68, which compares to the previous outlook of $1.73 to $1.77. The Company reported revenue of $5.491 billion in fiscal 2011. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $5.764 billion and EPS of $1.76 for fiscal 2012. Full Article
Gemalto NV to Offer Western Union Co’s International Remittance Service as Part of Its Mobile Payment Software Solution
Gemalto NV announced the expansion of its mobile payment software solution to include the Western Union Money Transfer service. Gemalto NV’s LinqUs Mobile Payment Platform has been certified through Western Union Co’s Mobile Vendor Program to offer end users new options to send and receive money across borders with their mobile phone. Full Article
Western Union Co Signs Triton Management Group, Inc.
Western Union Co announced an agreement with Triton Management Group, Inc. to offer Western Union global money transfer and money order services, as well as Western Union general-purpose reloadable cards, across more than 100 Always Money branded locations in Mississippi, Alabama and South Carolina. Award-winning1 Western Union MoneyWiseTM Prepaid MasterCard® and Gold Card Prepaid MasterCard cards will be available across the Always Money locations in the three states. Select locations will also carry the co-branded Western Union Telemundo® and mun2® general-purpose reloadable MasterCard® prepaid cards. Full Article
Western Union shares could rise in coming years -Barron's
NEW YORK, May 12 - Western Union Co., which facilitates long-distance money transfers between consumers and businesses, could see its shares rise to the low $20 range in the next few years, according to a Barron's report.
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