Western Union Stock: Still Worth Holding Despite a Potential Recession
Western Union (WU) shares are down about 8% since the start of the year after struggling to withstand the headwinds that, due to serious underlying causes, have also swept credit services stocks. Macro headwinds are likely to weigh further on the stock. However, I would still Hold the stock and benefit from the dividend yield, which is well above the market average. The company''s potential and leadership in the global credit services sector should provide a solid foundation for it to continue paying dividends despite the risk of an economic recession and lower financial prospects due to the suspension of services in Russia and Belarus.
Western Union Stock: Still Worth Holding Despite a Potential Recession
Western Union (WU) shares are down about 8% since the start of the year after struggling to withstand the headwinds that, due to serious underlying causes, have also swept credit services stocks. Macro headwinds are likely to weigh further on the stock. However, I would still Hold the stock and benefit from the dividend yield, which is well above the market average. The company''s potential and leadership in the global credit services sector should provide a solid foundation for it to continue paying dividends despite the risk of an economic recession and lower financial prospects due to the suspension of services in Russia and Belarus.