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

Delta Air Lines, Inc. (NYSE:DAL - Get Free Report) announced a quarterly dividend on Thursday, June 19th, RTT News reports. Shareholders of record on Thursday, July 31st will be paid a dividend of 0.1875 per share by the transportation company on Thursday, August 21st. This represents a $0.75 dividend on an annualized basis and a yield of 1.58%. This is a 25.0% increase from Delta Air Lines's previous quarterly dividend of $0.15.

Delta Air Lines has a dividend payout ratio of 8.9% indicating that its dividend is sufficiently covered by earnings. 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

Shares of DAL traded up $0.19 during midday trading on Thursday, hitting $47.51. 7,386,765 shares of the company traded hands, compared to its average volume of 9,701,995. Delta Air Lines has a one year low of $34.74 and a one year high of $69.98. The firm has a market cap of $31.02 billion, a P/E ratio of 8.42, a PEG ratio of 2.39 and a beta of 1.51. The company has a debt-to-equity ratio of 0.83, a current ratio of 0.38 and a quick ratio of 0.33. The stock has a 50-day moving average of $46.34 and a 200-day moving average of $54.14.

Delta Air Lines (NYSE:DAL - Get Free Report) last posted its earnings results on Wednesday, April 9th. The transportation company reported $0.46 earnings per share for the quarter, missing analysts' consensus estimates of $0.84 by ($0.38). Delta Air Lines had a return on equity of 28.18% and a net margin of 5.91%. The firm had revenue of $12.98 billion for the quarter, compared to the consensus estimate of $13.85 billion. During the same period last year, the company posted $0.45 EPS. The business's revenue was down 5.6% on a year-over-year basis. As a group, sell-side analysts predict that Delta Air Lines will post 7.63 EPS for the current fiscal year.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Delta Air Lines stock. Acadian Asset Management LLC purchased a new position in Delta Air Lines, Inc. (NYSE:DAL - Free Report) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 4,114 shares of the transportation company's stock, valued at approximately $178,000. 69.93% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

DAL has been the subject of several recent analyst reports. Raymond James Financial reduced their target price on Delta Air Lines from $80.00 to $62.00 and set a "strong-buy" rating for the company in a research report on Wednesday, April 2nd. Wall Street Zen cut shares of Delta Air Lines from a "buy" rating to a "hold" rating in a research report on Tuesday, April 8th. Sanford C. Bernstein set a $60.00 target price on shares of Delta Air Lines and gave the company an "outperform" rating in a research note on Wednesday. Citigroup cut their price target on shares of Delta Air Lines from $80.00 to $72.00 and set a "buy" rating for the company in a research note on Tuesday, March 18th. Finally, Jefferies Financial Group restated a "hold" rating and set a $46.00 price objective (down previously from $85.00) on shares of Delta Air Lines in a research report on Tuesday, April 1st. Three investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $61.67.

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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