When Flight Centre was faced with the snap closure of Australia’s state and international borders, its founders pitched in a fraction of their yearly dividend (and far less than their total entitlement) into an emergency capital-raising.
Now, with Flight Centre’s share price up 65 per cent on what it was in April 2020, two of the three are cashing out every dollar they put in. And then some.
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Myriam Robin is Rear Window editor based in the Melbourne newsroom. A Rear Window columnist since 2017, she previously reported on financial markets and media. Connect with Myriam on Twitter. Email Myriam at myriam.robin@afr.com
