5 Value Stocks to Buy With High Dividend Yields

2. The Western Union Company (NYSE:WU)

P/E Ratio as of April 26: 4.55
Dividend Yield as of April 26: 8.82%

The Western Union Company (NYSE:WU) is a Colorado-based multinational financial services company. Wolfe Research expects the company to show better-than-expected transaction activity this year. In view of this, the firm upgraded the stock to Peer Perform in April.

On March 15, The Western Union Company (NYSE:WU) declared a quarterly dividend of $0.235 per share, which fell in line with its previous dividend. This best dividend stock on our list has a dividend yield of 8.82%, as recorded on April 26.

At the end of Q4 2022, 28 hedge funds tracked by Insider Monkey owned stakes in The Western Union Company (NYSE:WU), the same as in the previous quarter. These stakes have a collective value of over $248.6 million.

Ariel Investments mentioned Western Union Company (NYSE:WU) in its Q3 2022 investor letter. Here is what the firm has to say:

“Global leader in money transfer services The Western Union Company (NYSE:WU) also traded lower in the period on mixed earnings results. Softness in retail money transfer resulted in weaker than expected revenues, however, operating profit margin expansion drove a bottom-line beat. Management also continues to return capital to shareholders through dividends and share repurchases. Although the company anticipates the macroeconomic environment will continue to slow, it reminded investors remittances have proved resilient in prior periods of economic contraction. At current levels, WU is trading at a -41% discount to our estimate of private market value.”