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Corporate Travel Management Ltd (ASX: CTD) Share Price and News

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Corporate Travel Management Ltd (CTD) is an ASX travel share that specialises in the provision of travel solutions across corporate, events, leisure, loyalty and wholesale travel. 

Businesses engage with Corporate Travel Management in order to maximise savings, efficiency and compliance. The company is underpinned by leading and innovative technology, which it has leveraged to carve out a major position in the global corporate travel market.

Corporate Travel Management started out in Brisbane in 1994 and publicly listed on the ASX in 2010 at a share price of $1. Since then, Corporate Travel shares have experienced tremendous growth on the back of progressive launches into the US, Asia, and UK markets. The company now generates a majority of its revenues from outside of Australia and continues to leverage technology to drive growth.

Corporate Travel Management Ltd (ASX: CTD) Latest News

High

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FAQ

Will Corporate Travel Management pay a dividend in 2020?

Corporate Travel Management has paid twice yearly dividends every year since late 2011, the year following its initial listing on the ASX. The company typically pays its interim dividend in April and final dividend in October. Up until the company’s interim dividend payment in 2018, all its dividends had been fully franked. Since then, Corporate Travel Management has paid a mixture of partially and fully franked dividends. Due to the company’s operations having been significantly impacted by COVID-19 restrictions, on 20 March 2020, Corporate Travel Management advised its interim dividend payment of 18 cents per share would be deferred until 2 October. The company also advised it will review this decision nearer to that date.

Does Corporate Travel Management offer a DRP?

No. As at June 2020, Corporate Travel Management does not offer its shareholders participation in a dividend reinvestment plan. All dividends are paid via direct credit or cheque.