Manchester United PLC Announces Semi-Annual Dividend of $0.09 (NYSE:MANU)

Manchester United PLC (NYSE:MANU) announced a Semi-Annual dividend on Monday, November 18th, Zacks reports. Shareholders of record on Monday, December 2nd will be paid a dividend of 0.09 per share on Monday, January 6th. This represents a yield of 1.1%. The ex-dividend date is Friday, November 29th.

Shares of Manchester United stock opened at $18.62 on Thursday. Manchester United has a twelve month low of $15.30 and a twelve month high of $21.92. The company has a quick ratio of 0.64, a current ratio of 0.65 and a debt-to-equity ratio of 1.27. The company has a 50-day simple moving average of $16.51 and a two-hundred day simple moving average of $17.44. The stock has a market capitalization of $669.24 million, a price-to-earnings ratio of 58.19, a price-to-earnings-growth ratio of 25.37 and a beta of 0.69.

Manchester United (NYSE:MANU) last issued its quarterly earnings data on Tuesday, September 24th. The company reported ($0.16) earnings per share for the quarter, missing the consensus estimate of ($0.12) by ($0.04). Manchester United had a return on equity of 8.44% and a net margin of 2.15%. The business had revenue of $168.93 million during the quarter, compared to analyst estimates of $167.40 million. On average, sell-side analysts anticipate that Manchester United will post 0.03 earnings per share for the current fiscal year.

MANU has been the subject of several analyst reports. Zacks Investment Research cut shares of Manchester United from a “buy” rating to a “hold” rating in a research note on Saturday, September 28th. Bank of America set a $20.00 target price on shares of Manchester United and gave the company a “hold” rating in a research report on Tuesday, September 24th. Finally, ValuEngine upgraded shares of Manchester United from a “hold” rating to a “buy” rating in a research report on Tuesday, October 15th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $21.25.

About Manchester United

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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