The Dividend Idea

(A Snapshot of attractive Dividend Stocks)

- By Dividend Yield - Stock, Capital, Investment -

44/2012
(2012-11-03)

The Dividend Idea

- By Dividend Yield - Stock, Capital, Investment -

Content:
1. 2. 3. 4. 5. 6. 7. Summary Price Facts Long-Term Price Ratios And Margins Income Statement Balance Sheet Cash Flow Statement Peer-Fact Sheet

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The Dividend Idea

- By Dividend Yield - Stock, Capital, Investment -

Company Summary:
The Western Union Company (Western Union) is engaged in money movement and payment services. The Companys business payments service provides consumers and businesses with options for making one-time or recurring bill payments, including business-to-business payment transactions, which are primarily cross-border, cross currency transactions. Its segments are consumer-to-consumer and global business payments. Its other businesses not included in these segments primarily consist of Western Union money order and prepaid services available through a network of third-party agents. In April 2011, the Company acquired Angelo Costa, S.r.l. In August 2011, the Company formed Western Union Ventures. In October 2011, the Company acquired Finint S.r.l. In November 2011, the Company acquired the business-to-business payment business of Travelex Holdings Limited, known as Travelex Global Business Payments.

2.5 2

900

800
700

EPS Data in USD

600

1.5 1

500
400 300 200

0.5
0 2002-12 2004-12 2006-12 2008-12 2010-12 TTM

100
0

Earnings Per Share USD

Dividends USD

Shares Mil

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Shares in million

The Dividend Idea

- By Dividend Yield - Stock, Capital, Investment Price Facts
Stock Price 11.95 Size Mid Cap

NYSE:WU
Estimated Value* 25.00 Category Growth Value Dividend Challenger 6.13 6.26 1.27 6.87 4.18% 0.9 4.3 5.42 7.2B 1.69B
** Rated By StockScouter

Potential 109.21% Sector Financial Services

Rating Points** 10/10 Industry Business Services

P/E Fwd P/E P/S P/B Dividend Yield PEG PEG Payback EV/EBITDA Market Capitalization EBITDA TTM
* Estimated By Morningstar

# Yrs Dividend Growth Dividend Growth Rate 1Y Dividend Growth Rate 3Y Dividend Growth Rate 5Y Dividend Growth Rate 10Y EPS Last 10 Years Dividends Paid Past 10Y Payout Cash MRQ Debt MRQ

5 25.00% 27.78% 25.59% N/A 11.39 0.71 19.0% 1.43B 3.43B

512

256
128 64

32
16 8 4

2
1 12/03 12/05 12/07 12/09 12/11

AVG P/E

PRICE/ SALES

PRICE/ BOOK

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The Dividend Idea

- By Dividend Yield - Stock, Capital, Investment Margin
Year 12/11 12/10 12/09 12/08 12/07 12/06 12/05 12/04 12/03 12/02 Average AVG P/E 10.3 12.6 13.7 17.2 19.4 17.9 NA NA NA 0 13.01 PRICE/ SALES 2.11 2.39 2.6 2 3.83 3.85 NA NA NA 0 2.40 PRICE/ BOOK 12.64 20.84 36.61 -1256.25 359.08 -54.92 NA NA 0 0 -110.25 BOOK VALUE 0.89 0.51 -0.01 0.07 -0.41 3.67 2.53 0 0 0 0.73 DEBT/ EQUITY 5.65 8.62 -388.09 65.84 -10.56 0.06 0.01 0 0 0 -31.85 Operating Margin in % 25.20 25.00 25.20 25.70 27.00 29.30 31.80 0.00 0.00 30.00 21.92 Net Profit in % 21.20 17.50 16.70 17.40 17.50 20.40 23.30 21.20 20.10 0.00 17.53 ROE in % 157.75 194.38 491.49 0.00 0.00 73.21 32.98 0.00 0.00 35.12 98.49 ROA in % 11.50 11.50 16.50 14.80 17.00 20.00 22.20 0.00 0.00 0.00 11.35

600 500 400 300 200

100 0
2002-12 2004-12 Gross Margin % Return on Equity % 2006-12 2008-12 2010-12 TTM Operating Margin % Return on Invested Capital %

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The Dividend Idea

- By Dividend Yield - Stock, Capital, Investment Income Statement
Fiscal year ends in December. USD in millions except per share data. 2007-12 2008-12 Revenue 4,900 5,282 Other expenses 770 834 Total operating expenses 770 834 Operating income 4,130 4,448 Interest expense Other income (expense) Total nonoperating income, net Income before taxes Provision for income taxes Other income (expense) Net income Net income available to common shareholders Basic Diluted Basic Diluted 189 89 -100 4,031 365 -2,808 857 857 1.13 1.11 760 773 171 55 -116 4,332 320 -3,093 919 919 1.26 1.24 730 738 2009-12 5,084 926 926 4,158 158 7 -151 4,006 283 -2,875 849 849 1.21 1.21 699 701 2010-12 5,193 914 914 4,278 170 15 -155 4,124 235 -2,978 910 910 1.37 1.36 666 669 2011-12 5,491 1,004 1,004 4,487 182 72 -110 4,377 109 -3,102 1,165 1,165 1.85 1.84 631 634

6,000 5,000 4,000 3,000 2,000

1,000 0
2002-12 2004-12 Revenue USD Mil Net Income USD Mil
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2006-12

2008-12

2010-12

TTM

Operating Income USD Mil

The Dividend Idea

- By Dividend Yield - Stock, Capital, Investment Balance Sheet
Fiscal year ends in December. USD in millions except per share data. 2007-12 2008-12 Cash and cash equivalents 1,997 1,296 Receivables 944 1,104 Property and equipment 200 192 Goodwill 1,640 1,674 Other intangible assets 334 351 Other assets 669 962 Total assets 5,784 5,578 Payables and accrued expenses 350 767 Taxes payable 0 382 Long-term debt 2,500 3,144 Deferred taxes 264 270 Other liabilities 1,782 1,024 Total liabilities 5,734 5,586 Stockholders' equity 0 0 Common stock 8 7 Additional paid-in capital -341 -14 Retained earnings 453 29 Accumulated other comprehensive income -69 -30 Total stockholders' equity 51 -8 Total liabilities and stockholders' equity 5,784 5,578 2009-12 1,685 131 204 2,143 489 2,613 7,353 1,020 519 3,048 269 2,143 7,000 0 7 41 433 -127 354 7,353 2010-12 2,157 64 196 2,152 438 2,836 7,929 877 357 3,290 290 2,533 7,346 0 6 117 592 -133 583 7,929 2011-12 2,083 1,047 198 3,199 847 1,654 9,070 837 302 3,583 390 3,062 8,175 0 6 247 760 -118 895 9,070

70

Assets in % of Balance Sheet

60 50 40 30 20 10 0 -10

2002-12

2004-12

2006-12

2008-12

2010-12

TTM

Cash & Short-Term Investments Short-Term Debt Total Stockholders' Equity

Intangibles Long-Term Debt

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The Dividend Idea

- By Dividend Yield - Stock, Capital, Investment Cash Flow Statement
Fiscal year ends in December. USD in millions except per share data. 2007-12 2008-12 Net income Depreciation & amortization Net cash provided by operating activities 857 124 1,104 919 144 1,254 -454 500 -755 -1,314 -28 300 -1,298 -498 1,793 1,296 1,254 -71 1,183 230 172 2009-12 849 154 1,218 -324 497 -583 -400 -41 23 -504 390 1,296 1,685 1,218 -99 1,119 163 150 2010-12 910 176 994 -65 247 0 -581 -165 42 -458 472 1,685 2,157 994 -114 881 365 176 2011-12 1,165 193 1,175 -1,360 993 -696 -804 -194 100 -601 -786 2,157 1,371 1,175 -162 1,012 145 191

Net cash used for investing activities -202 Debt issued 0 Debt repayment 0 Repurchases of treasury stock -727 Dividend paid -30 Other financing activities 11 Net cash provided by (used for) financing activities -530 Net change in cash 371 Cash at beginning of period 1,422 Cash at end of period 1,793 Operating cash flow 1,104 Capital expenditure -192 Free cash flow 911 Cash paid for income taxes 0 Cash paid for interest 0

1,400 1,200 1,000 800

600 400 200 0 -200 2002-12 -400

Operating Cash Flow USD Mil Free Cash Flow USD Mil
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2004-12

2006-12

2008-12

2010-12

TTM

Cap Spending USD Mil

The Dividend Idea

- By Dividend Yield - Stock, Capital, Investment Company Visa, Inc. American Express Company eBay Inc. Mastercard Incorporated Fiserv, Inc. FleetCor Technologies, Inc. Global Payments Inc. Wright Express Corp. Cash America International, Inc. Heartland Payment Systems, Inc. Ticker V AXP EBAY MA FISV FLT GPN WXS CSH HPY Mcap 116.32B 63.63B 63.00B 58.59B 10.21B 3.97B 3.41B 2.75B 1.14B 1.10B P/E 141.98 13.13 16.62 28.06 18.35 23.02 20.03 20.59 10.24 20.68 P/B 4.44 3.35 3.17 9.36 3.14 4.21 2.97 3.64 1.16 4.68 P/S 11.55 1.9 4.68 8.22 2.3 6.69 1.52 4.7 0.64 0.55 Yield 0.92% 1.41% 0.26% 0.18% 0.36% 0.85%

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The Dividend Idea

- By Dividend Yield - Stock, Capital, Investment -