Earnings and Dividends Per Share

12 Months Ended

Dec. 31, 2020

Earnings and Dividends Per Share

Earnings (Loss) and Dividends Per Share

Note 18 — Earnings and Dividends Per Share

Earnings Per Share

The following is a summary of the earnings per share calculation for the years ended December 31, 2020, 2019 and 2018 (in millions, except per share data):

	Year ended December 31,
	2020		2019		2018
Net income attributable to JHG	$	161.6	$	427.6	$	523.8
Allocation of earnings to participating stock-based awards		(4.7)		(11.7)		(12.7)
Net income attributable to JHG common shareholders	$	156.9	$	415.9	$	511.1
Weighted-average common shares outstanding — basic		179.4		188.0		195.0
Dilutive effect of nonparticipating stock-based awards		0.5		0.6		0.9
Weighted-average common shares outstanding — diluted		179.9		188.6		195.9
Earnings per share:
Basic (two class)	$	0.87	$	2.21	$	2.62
Diluted (two class)	$	0.87	$	2.21	$	2.61

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

	Year ended
	December 31,
	2020	2019	2018
Unvested nonparticipating stock awards	0.5	1.1	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 declared and paid for the years ended December 31, 2020, 2019 and 2018:

	Year ended December 31,
	2020		2019		2018
Dividends paid per share	$	1.44	$	1.44	$	1.40