December 4, 2007 / 9:41 PM / 10 years ago

Western Union to buy back additional $1 bln shares

1 IN. DI LETTURA

Dec 4 (Reuters) - Western Union Co (WU.N) said its board authorized an additional $1 billion for purchases of its common shares through 2009.

This is in addition to the about $300 million remaining under a previous authorization, the company said in a statement. The company said its board also declared an annual cash dividend of 4 cents a share, payable Dec. 28, to shareholders of record on Dec. 14. (Reporting by Esha Dey in Bangalore; Editing by Deepak Kannan)

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