Western Union (WU) will raise its quarterly dividend by 8.6 percent to $0.19 per share in the first quarter of 2018. This marks the 4th consecutive year of dividend increases by the company.

The next dividend is payable March 30, 2018 to shareholders of record at the close of business on March 16, 2018. The new dividend yield for WU is 3.8%.

The Western Union Company is a provider of 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.