2024-05-24 06:07:04 ET
Summary
- Western Union was once one of the most significant companies in the United States, being one of the first 11 companies in the Dow Jones Index.
- Nowadays, WU is experiencing poor revenue and earnings growth, but maintains good operational margins and offers a strong dividend yield.
- Increased migration into the US is not significantly impacting Western Union's financial performance, despite what some analysts may suggest.
- The company clearly lacks a credible or detailed plan for growth, in my view, but might still be a reasonable addition to an income focused portfolio.
Investment Thesis
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Western Union: Clearly In Decline But Tempting 7% Dividend Yield