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Flight Centre Travel Group Ltd (ASX: FLT) Share Price and News

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Flight Centre Travel Group Ltd (FLT, formerly Flight Centre Limited) is one of the world’s largest travel agency groups with company-owned operations in more than 23 countries and a corporate travel management network that spans more than 90 countries.

Flight Centre shares have been listed on the ASX since 1995 and have a strong track record of delivering share price growth to shareholders.

The Flight Centre Travel Group has a broad range of brands across its corporate, leisure and at destination segments. These brands include Student Flights, Travel Money Oz, Corporate Traveller and Topdeck.

Flight Centre Travel Group Ltd (ASX: FLT) Latest News

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Will Flight Centre pay a dividend in 2020?

Up until the first half of 2020, Flight Centre has been paying twice yearly, fully franked dividends every year since late 1997. It has also paid three extraordinary dividends during this period. Flight Centre was scheduled to pay an interim dividend of 40 cents per share on 17 April 2020 however, in an announcement released on 23 March, this payment was cancelled due to the impacts of COVID-19 restrictions.

Also included in this announcement was a request for a short-term suspension of its ASX listing to allow the company sufficient time to plan its response to the pandemic. Since then, Flight Centre has successfully executed a $700 million capital raising to help secure its future. The company typically pays its final dividend around mid-October each year. As at the end of June 2020, no announcements had been made regarding whether or not Flight Centre intends to pay its final dividend.

Does Flight Centre offer a DRP?

No. Flight Centre does not currently offer a dividend reinvestment plan to its shareholders.