According to CoinMeta, Western Union ( NYSE : WU ) has had a poor start to 2026, with its stock price falling by nearly 20%. This decline has pushed its dividend yield into double digits, raising concerns among investors about the company's ability to maintain its current dividend payments. Since 2021, the company has not increased its dividends, with quarterly payments remaining at $0.235 and annual payments at $0.94. The digital business could also become a source of growth. The current stock price valuation is attractive, with a forward P/E ratio of just 4.42 times, which is significantly lower than the overall level of the financial industry, indicating that the market has already factored in many of the challenges. If Western Union can stabilize its profits, maintaining quarterly payments of $0.235 would demonstrate confidence in its financial condition. Although there has been no obvious reduction in dividends so far, the lack of growth and business pressures make the current earnings less reliable. Conservative dividend investors may need to approach this situation with caution.