Earnings (Loss) and Dividends Per Share

6 Months Ended

Jun. 30, 2020

Earnings (Loss) and Dividends Per Share

Earnings (Loss) and Dividends Per Share

Note 13 — Earnings (Loss) and Dividends Per Share

Earnings (Loss) Per Share

The following is a summary of the earnings (loss) per share calculation for the three and six months ended June 30, 2020 and 2019 (in millions, except per share data):

	Three months ended				Six months ended
	June 30,				June 30,
	2020		2019		2020		2019
Net income (loss) attributable to JHG	$	102.9	$	109.4	$	(144.1)	$	203.5
Allocation of earnings to participating stock-based awards		(3.0)		(3.2)		—		(5.6)
Net income (loss) attributable to JHG common shareholders	$	99.9	$	106.2	$	(144.1)	$	197.9
Weighted-average common shares outstanding — basic		181.8		190.2		181.4		191.1
Dilutive effect of non-participating stock-based awards		0.3		0.5		—		0.5
Weighted-average common shares outstanding — diluted		182.1		190.7		181.4		191.6
Earnings (loss) per share:
Basic (two class)	$	0.55	$	0.56	$	(0.79)	$	1.04
Diluted (two class)	$	0.55	$	0.56	$	(0.79)	$	1.03

The following instruments are anti-dilutive and have not been included in the weighted-average diluted shares outstanding calculation (in millions):

	Three months ended		Six months ended
	June 30,		June 30,
	2020	2019	2020	2019
Unvested nonparticipating stock awards	0.9	1.0	1.6	1.0

Dividends Per Share

The payment of cash dividends is within the discretion of our Board of Directors and depends on many factors, including, but not limited to, our results of operations, financial condition, capital requirements, legal requirements and general business conditions.

The following is a summary of cash dividends paid during the six months ended June 30, 2020:

Dividend		Date	Dividends paid		Date
per share		declared	(in US$ millions)		paid
$	0.36	February 3, 2020	$	66.2	March 5, 2020
$	0.36	April 29, 2020	$	66.1	June 3, 2020

On July 28, 2020, our Board of Directors declared a cash dividend of $0.36 per share. The quarterly dividend will be paid on August 26, 2020, to shareholders of record at the close of business on August 10, 2020.