Deutsche Lufthansa AG (OTCMKTS:DLAKY) Declares Dividend Increase - $0.22 Per Share

Deutsche Lufthansa AG (OTCMKTS:DLAKY - Get Free Report) declared a dividend on Friday, May 2nd, investing.com reports. Stockholders of record on Friday, May 9th will be paid a dividend of 0.2226 per share by the transportation company on Friday, May 16th. This represents a dividend yield of 3.09%. The ex-dividend date is Thursday, May 8th. This is a 1.5% increase from Deutsche Lufthansa's previous dividend of $0.22.

Deutsche Lufthansa Stock Performance

OTCMKTS:DLAKY traded up $0.10 during trading hours on Friday, reaching $7.31. The company had a trading volume of 60,732 shares, compared to its average volume of 94,749. The company has a debt-to-equity ratio of 1.17, a current ratio of 0.82 and a quick ratio of 0.77. Deutsche Lufthansa has a 1-year low of $5.69 and a 1-year high of $8.78. The business's 50 day moving average price is $7.40 and its 200-day moving average price is $6.89. The firm has a market cap of $8.76 billion, a PE ratio of 8.81, a price-to-earnings-growth ratio of 1.07 and a beta of 1.00.

Deutsche Lufthansa (OTCMKTS:DLAKY - Get Free Report) last posted its earnings results on Tuesday, April 29th. The transportation company reported ($0.78) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.61) by ($0.17). The firm had revenue of $9.25 billion during the quarter, compared to analyst estimates of $7.93 billion. Deutsche Lufthansa had a net margin of 2.46% and a return on equity of 11.33%. Research analysts forecast that Deutsche Lufthansa will post 0.87 EPS for the current year.

Analyst Ratings Changes

A number of equities research analysts have recently commented on DLAKY shares. Barclays cut Deutsche Lufthansa from a "strong-buy" rating to a "strong sell" rating in a research report on Wednesday, March 12th. Citigroup upgraded Deutsche Lufthansa from a "strong sell" rating to a "strong-buy" rating in a research report on Wednesday, January 8th. Finally, Sanford C. Bernstein raised Deutsche Lufthansa from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, February 12th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy".

About Deutsche Lufthansa

Deutsche Lufthansa AG operates as an aviation company worldwide. It operates in three segments: Passenger Airlines; Logistics; and Maintenance, Repair and Overhaul Services (MRO). The Passenger Airlines segment offers products and services to passengers of Lufthansa Airlines, SWISS, Austrian Airlines, Brussels Airlines, and Eurowings.