Woodford and Newman shared dividends of £13.8m before closure

Neil Woodford and Craig Newman received dividends totalling £13.8m in the 12 months to the end of March 2019, as Woodford Investment Management faced a growing crisis that ultimately led to its closure in October last year. According to accounts filed by Woodford Investment Management yesterday (6 January) for the 12-month period, interim dividends amounting to £13.8m were paid to Woodford Capital, an unlimited company controlled by its directors. Fund manager Woodford owned 65% of th...