Western Union (WU) will raise its quarterly dividend by 24.0 percent to $0.155 per share in 2013. This is the first dividend hike announced by the payment services company since 2012, when the dividend was raised by 56.3 percent.

The Western Union Company is a provider of cross-border, cross-currency money movement and payment services. Its Consumer-to-Business payments services are available through a range of services that include Speedpay, Pago Facil and Western Union Payments. Western Union's Business Solutions segment facilitates payment and foreign exchange solutions, primarily cross-border, cross-currency transactions, for small and medium size enterprises and other organizations and individuals. Western Union has paid a dividend every year since 2006.