Hargreaves and Lansdown set for £40m windfall

Peter Hargreaves and Stephen Lansdown, the founders of Hargreaves Lansdown, are in line for dividend payouts of around £40m when the broker reveals its results this week, according to reports.

The payout will bring the pair's total takings to more than £50m in a year, according to the Sunday Times. Analysts predict Hargreaves Lansdown will announce a final dividend of about 16p a share when it reports on Wednesday.  The Sunday Times reports this will mean a £15.3m payout for Stephen Lansdown, who owns 20% of the company. Meanwhile, co-founder Peter Hargreaves, who has a 32% stake, will receive more than £24m. Hargreaves and Lansdown have already taken £12.6m this year from the company's interim dividend payout. Analysts are forecasting pre-tax profits should beat £150...