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 a senior writer based in the Melbourne newsroom. She has previously been a Rear Window columnist and editor, and before that reported on financial markets and media. Connect with Myriam on Twitter. Email Myriam at myriam.robin@afr.com
