Manchester United PLC (MANU) to Issue $0.09 Semi-Annual Dividend

Manchester United PLC (NYSE:MANU) declared a Semi-Annual dividend on Thursday, November 15th, NASDAQ reports. Shareholders of record on Friday, November 30th will be given a dividend of 0.09 per share on Friday, January 4th. The ex-dividend date of this dividend is Thursday, November 29th.

Manchester United has a payout ratio of 150.0% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities analysts expect Manchester United to earn $0.06 per share next year, which means the company may not be able to cover its $0.18 annual dividend with an expected future payout ratio of 300.0%.

Shares of MANU traded up $0.04 during midday trading on Friday, hitting $18.65. 34,409 shares of the company traded hands, compared to its average volume of 42,410. Manchester United has a 52 week low of $18.12 and a 52 week high of $27.70. The company has a market capitalization of $748.02 million, a PE ratio of 133.21, a price-to-earnings-growth ratio of 4.81 and a beta of 0.79. The company has a quick ratio of 0.82, a current ratio of 0.83 and a debt-to-equity ratio of 1.14.

Manchester United (NYSE:MANU) last released its quarterly earnings data on Thursday, November 15th. The company reported $0.06 EPS for the quarter, beating the consensus estimate of ($0.09) by $0.15. Manchester United had a negative net margin of 6.61% and a positive return on equity of 3.43%. The business had revenue of $175.92 million during the quarter, compared to the consensus estimate of $170.12 million. As a group, sell-side analysts expect that Manchester United will post 0.17 earnings per share for the current year.

An institutional investor recently raised its position in Manchester United stock. JPMorgan Chase & Co. lifted its holdings in Manchester United PLC (NYSE:MANU) by 34,225.0% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 13,730 shares of the company’s stock after acquiring an additional 13,690 shares during the period. JPMorgan Chase & Co.’s holdings in Manchester United were worth $309,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 84.66% of the company’s stock.

Several research firms have commented on MANU. Bank of America increased their price objective on shares of Manchester United from $21.00 to $24.00 and gave the company a “neutral” rating in a report on Thursday, September 27th. Zacks Investment Research raised shares of Manchester United from a “strong sell” rating to a “hold” rating in a report on Saturday, November 17th. Finally, Jefferies Financial Group increased their price target on shares of Manchester United to $26.00 and gave the company a “buy” rating in a report on Monday, October 1st. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Manchester United currently has a consensus rating of “Hold” and a consensus price target of $23.75.

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Manchester United Company Profile

Manchester United plc, together with its subsidiaries, owns and operates a professional sports team in the United Kingdom. The company operates Manchester United Football Club, a professional football club. It develops marketing and sponsorship relationships with international and regional companies to leverage its brand.

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Dividend History for Manchester United (NYSE:MANU)

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