Man Utd confirm dividend payment to the Glazer family

Man Utd confirm dividend payment to the Glazer family

Manchester United today confirmed that dividends worth approximately $14.8million (£11.4million) were paid to shareholders at the beginning of January - with the vast majority to the club's owners, the Glazer family.

United currently offer a dividend to shareholders twice a year - in January and June - worth $0.09 per share.

"A further semi-annual cash dividend of $0.09 per share will be paid on 3 June 2020," the club revealed.

According to United's most recent list of shareholders, the club has slightly more than 164.5million shares in circulation.

Of these, 124million are Class B shares owned by the six Glazer siblings - Avram, Joel, Kevin, Bryan, Edward, and Darcie.

This class of shares carrying almost all of the voting power and are not available for public purchase, although may be converted to the tradable Class A shares.

Class A shares make up the remaining 40.5million or so shares, held largely by individual investors and mutual funds, as well as certain members of the the Glazer family and United directors, including Ed Woodward.

More than half a million were held by Avram, Joel, Edward and Darcie, while executive vice-chairman Woodward was also in possession of some 539,146 Class A shares, per the latest record.

Last season, United paid out £23.3million in dividend payments, adding to the £22.5million costs incurred largely by servicing the club's debt pile.

United's annual report for 2018-19, published in November last year, contains 199 uses of the word 'dividend' and stated: "We currently intend to continue paying regular semi-annual cash dividends...from our operating cash flows." Follow us on Twitter and on Facebook
Loading...

Post a comment

0 Comments