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Manchester United will pay the Glazer family an £18.3m dividend this year according to club's latest statements

Manchester United will pay an £18million dividend to the six Glazer siblings this year, according to the club's latest financial statements.

The five sons and one daughter of the late Malcolm Glazer will receive the dividend - which is made up of 18 cents on each share owned.

That adds up to $23.58million payable to the family and due to the fall of the value in the pound against the dollar, converts into £18m.

Manchester United's co-chairmen Joel Glazer (left) and his brother Avram (right)
Manchester United's co-chairmen Joel Glazer (left) and his brother Avram (right)

The dividend is a £3million increase on the £15million paid to the family last year and comes after the news that United are expected to hit record levels for revenue.