Act fast if you want to receive the next Flight Centre dividend

It won't be long until this travel agent pays its next dividend.

| More on:

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

If you want to get hold of the next Flight Centre Travel Group Ltd (ASX: FLT) dividend, then you will need to get a wriggle on.

That's because the travel agent's shares are due to go ex-dividend next week.

When that happens, it means the rights to an upcoming dividend payment are settled and if you were to buy its shares, you wouldn't receive the pay out when payday comes around.

Two elderly men laugh together as they take a selfie with a mobile phone with a city scape in the background.

Image source: Getty Images

The Flight Centre dividend

As a reminder, last month the company released its half-year results and revealed a huge increase in its profits.

Total transaction value (TTV) increased by a solid 15% to $11.3 billion and underlying earnings before interest, tax, depreciation and amortisation (EBITDA) came in 99% higher at $189 million.

Things were even better for its underlying profit before tax, which jumped 565% over the prior corresponding period to $106 million.

This allowed the Flight Centre board to declare its first interim dividend since all the way back in 2019. A fully franked interim dividend of 10 cents per share was announced, much to the delight of its shareholders.

If you want to receive this this dividend on pay day, you will need to own Flight Centre shares before they trade ex-dividend on Tuesday 26 March.

Speaking of pay day, the travel agent is planning to make its payment next month on 17 April.

What's next for its dividend?

While this latest dividend may not be overly exciting for income investors, that could change in the future.

For example, Morgans is currently forecasting a fully franked dividend of 47 cents per share in FY 2025. This would mean a more attractive 2.2% dividend yield for investors.

It also sees plenty of upside for its shares with its add rating and $27.27 price target. This suggests that its shares could rise 28% over the next 12 months.

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has recommended Flight Centre Travel Group. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

More on Travel Shares

A smiling boy holds a toy plane aloft while a girl watches on from a car near an airport runway.
Travel Shares

This ASX travel stock is rising after a major capital management milestone

Flight Centre rises after completing buyback and cleaning up debt.

Read more »

A woman's hair is blown back and her face is in shock at this big news.
Travel Shares

Are Virgin Australia shares a buy after flying 7% higher on Wednesday?

Find out how far analysts are tipping the airline's shares to run.

Read more »

A woman reaches her arms to the sky as a plane flies overhead at sunset.
Travel Shares

Here's why Virgin Australia shares are flying 7% higher today

The airline has maintained its FY26 outlook, with fuel hedging offsetting higher fuel prices.

Read more »

A woman looks nervous and uncertain holding a hand to her chin while looking at a paper cut out of a plane that she's holding in her other hand.
Travel Shares

Are Qantas shares still a buy after its latest market update?

Here's why Qantas shares are the talk of the town this week.

Read more »

Woman at a departure terminal at an airport.
Travel Shares

Virgin Australia's FY26 update: Hedging cushions rising fuel costs

Virgin Australia maintains FY26 outlook as fuel hedging cushions the impact of recent volatility.

Read more »

Happy couple looking at a phone and waiting for their flight at an airport.
Travel Shares

Is it time to buy low on these ASX travel stocks?

Here's three buy-low options.

Read more »

Couple at an airport waiting for their flight.
Travel Shares

Qantas shares dip after fresh market update puts FY26 in focus

Qantas fuel pressures look manageable as travel demand stays solid.

Read more »

Man sitting in a plane looking through a window and working on a laptop.
Travel Shares

Qantas Airways flags higher fuel costs and capacity changes in FY26 update

Qantas Airways updates investors on higher fuel costs, capacity changes, and sustained passenger demand for FY26.

Read more »