Flight Centre Travel Group Ltd (ASX: FLT) is now trading ex-dividend.
On February 14, Flight Centre announced its interim dividend dates when it also disclosed its half-year profit was 9.5% lower than the prior year – a result it attributed to poor consumer confidence.
However, despite the lacklustre results, Flight Centre shares have since rallied an impressive 13%. This compares to a 1.1% return from the S&P/ASX200 (ASX: XJO) (Index: ^AXJO).
In addition, investors on the company's share registry as of yesterday evening will now be entitled to a 55 cents per share fully franked dividend, which is payable on 16 April 2015.
At yesterday's closing price of $40.75 per share that represents a yield of 1.35%, or 1.92% grossed-up for franking credits.
However, there are better dividend stocks available on the market right now, which yield much more than Flight Centre.