Western Union (WU) will raise its quarterly dividend by 8.3 percent to $0.20 per share in the first quarter of 2019. This marks the 5th consecutive year of dividend increases by the company.

The next dividend is payable March 29, 2019 to shareholders of record at the close of business on March 15, 2019. The new dividend yield for WU is 4.4% at a stock price of $18.

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.