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Western Union: A 11.2% Better Bargain Than When Joerres Bought

By Dividend Channel Staff, Tuesday, January 24, 10:10 AM ET

There's an old saying on Wall Street about insider buying: there are many possible reasons to sell a stock, but only one reason to buy. Back on November 7, Western Union Co's Director, Jeffrey A. Joerres, invested $99,462.84 into 7,745 shares of WU, for a cost per share of $12.84. Bargain hunters tend to pay particular attention to insider buys like this one, because presumably the only reason an insider would take their hard-earned cash and use it to buy stock of their company in the open market, is that they expect to make money.

In trading on Tuesday, bargain hunters could buy shares of Western Union Co (NYSE:WU) and achieve a cost basis 11.2% cheaper than Joerres, with shares changing hands as low as $11.41 per share. It should be noted that Joerres has collected $0.23/share in dividends since the time of their purchase, so they are currently down 9.4% on their purchase from a total return basis. Western Union Co shares are currently trading down about 0.7% on the day. The chart below shows the one year performance of WU shares, versus its 200 day moving average:

Western Union Co Chart

Looking at the chart above, WU's low point in its 52 week range is $11.41 per share, with $20.40 as the 52 week high point — that compares with a last trade of $14.10. By comparison, below is a table showing the prices at which WU insider buying was recorded over the last six months:

Purchased Insider Title Shares Price/Share Value
11/07/2022 Jeffrey A. Joerres Director 7,745 $12.84 $99,462.84

The current annualized dividend paid by Western Union Co is $0.94/share, currently paid in quarterly installments, and its most recent dividend ex-date was on 12/16/2022. Below is a long-term dividend history chart for WU, which can be of good help in judging whether the most recent dividend with approx. 6.6% annualized yield is likely to continue.


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