Delta Air Lines, Inc. Declares Quarterly Dividend of $0.19 (NYSE:DAL)

Key Points

• Delta Air Lines, Inc. has declared a quarterly dividend of $0.19 per share, with the ex-dividend date set for October 16th and payment scheduled for November 6th.
• The airline's dividend payout ratio stands at 8.9%, indicating strong earnings support for its dividend commitment, as analysts project earnings of $8.28 per share next year.
• Delta's stock has an average rating of "Moderate Buy" from analysts, with a consensus price target of $66.56, reflecting positive outlook upgrades from several financial institutions.

Delta Air Lines, Inc. (NYSE:DAL - Get Free Report) announced a quarterly dividend on Thursday, September 25th. Investors of record on Thursday, October 16th will be given a dividend of 0.1875 per share by the transportation company on Thursday, November 6th. This represents a c) annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend is Thursday, October 16th.

Delta Air Lines has a dividend payout ratio of 8.9% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Delta Air Lines to earn $8.28 per share next year, which means the company should continue to be able to cover its $0.60 annual dividend with an expected future payout ratio of 7.2%.

Delta Air Lines Price Performance

DAL opened at $56.71 on Friday. The firm has a market cap of $37.03 billion, a price-to-earnings ratio of 8.22, a price-to-earnings-growth ratio of 1.76 and a beta of 1.51. Delta Air Lines has a fifty-two week low of $34.74 and a fifty-two week high of $69.98. The company's 50-day moving average price is $58.06 and its 200 day moving average price is $50.73. The company has a quick ratio of 0.33, a current ratio of 0.38 and a debt-to-equity ratio of 0.74.

Delta Air Lines (NYSE:DAL - Get Free Report) last released its quarterly earnings data on Thursday, July 10th. The transportation company reported $2.10 earnings per share for the quarter, topping the consensus estimate of $2.01 by $0.09. The firm had revenue of $15.51 billion for the quarter, compared to analyst estimates of $16.16 billion. Delta Air Lines had a net margin of 7.24% and a return on equity of 24.86%. Delta Air Lines's quarterly revenue was down .1% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.36 earnings per share. As a group, sell-side analysts expect that Delta Air Lines will post 7.63 earnings per share for the current year.

Analyst Upgrades and Downgrades

DAL has been the topic of several analyst reports. The Goldman Sachs Group raised their price target on shares of Delta Air Lines from $60.00 to $67.00 and gave the company a "buy" rating in a research note on Friday, July 11th. Dbs Bank raised their price target on shares of Delta Air Lines from $55.00 to $60.00 and gave the company a "hold" rating in a research note on Wednesday, September 10th. Sanford C. Bernstein restated an "outperform" rating on shares of Delta Air Lines in a research note on Friday, July 11th. Seaport Global Securities raised their price target on shares of Delta Air Lines from $69.00 to $80.00 and gave the company a "buy" rating in a research note on Thursday, September 11th. Finally, Jefferies Financial Group raised their price target on shares of Delta Air Lines from $56.00 to $62.00 and gave the company a "hold" rating in a research note on Monday, July 14th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $66.56.

About Delta Air Lines

Delta Air Lines, Inc provides scheduled air transportation for passengers and cargo in the United States and internationally. The company operates through two segments, Airline and Refinery. Its domestic network centered on core hubs in Atlanta, Minneapolis-St. Paul, Detroit, and Salt Lake City, as well as coastal hub positions in Boston, Los Angeles, New York-LaGuardia, New York-JFK, and Seattle; and international network centered on hubs and market presence in Amsterdam, Bogota, Lima, Mexico City, London-Heathrow, Paris-Charles de Gaulle, Sao Paulo, Seoul-Incheon, and Tokyo.

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