5 Best Finance Stocks that Pay Dividends

4. The Western Union Company (NYSE: WU)

Number of Hedge Fund Holders: 28
Dividend Yield: 4%

The Western Union Company (NYSE: WU) is a provider of money movement and payment services across the globe and operates through its Consumer-to-Consumer and Business Solutions segments. It ranks 4th on our list of the best finance stocks that pay dividends.

This July, Susquehanna analyst James Friedman commented on The Western Union Company (NYSE: WU), stating that investors are still not appreciating the true value of the company’s Western Union Digital asset. Friedman has also retained his Neutral rating and $26 price target on The Western Union Company (NYSE: WU) shares.

In the first quarter of 2021, The Western Union Company (NYSE: WU) had an EPS of $0.44, in line with estimates. The company’s revenue was $1.21 billion, up 1.68% year over year and also beating estimates by $15.12 million. The Western Union Company (NYSE: WU) has also gained 1.71% in the past 6 months and 6.66% year to date.

By the end of the first quarter of 2021, 28 hedge funds out of the 866 tracked by Insider Monkey held stakes in The Western Union Company (NYSE: WU) worth roughly $410 million. This is compared to 29 hedge funds in the previous quarter with a total stake value of approximately $491 million.