Delta Air Lines, Inc. (NYSE:DAL) Plans Quarterly Dividend of $0.21

Key Points

• Delta Air Lines declared a quarterly dividend of $0.215 per share, payable November 5 to shareholders of record October 15. The annualized dividend is $0.86 per share, representing a 1.0% yield.
• The dividend appears well covered, with a current payout ratio of 12.8% and an expected future payout ratio of about 10.0% based on projected earnings of $8.56 per share.
• Delta’s latest quarterly results exceeded expectations, with EPS of $1.56 versus the $1.49 consensus and revenue of $17.67 billion. Shares opened at $82.92, valuing the company at approximately $54.5 billion.

Delta Air Lines, Inc. (NYSE:DAL - Get Free Report) announced a quarterly dividend on Thursday, September 24th. Stockholders of record on Thursday, October 15th will be paid a dividend of $0.2150 per share by the transportation company on Thursday, November 5th. This represents a $0.86 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date is Thursday, October 15th.

Delta Air Lines has increased its dividend by an average of 0.1%per year over the last three years and has increased its dividend every year for the last 1 years. Delta Air Lines has a dividend payout ratio of 12.8% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Delta Air Lines to earn $8.56 per share next year, which means the company should continue to be able to cover its $0.86 annual dividend with an expected future payout ratio of 10.0%.

Delta Air Lines Stock Up 0.2%

Shares of NYSE DAL opened at $82.92 on Friday. Delta Air Lines has a 52-week low of $55.03 and a 52-week high of $95.68. The firm has a market capitalization of $54.53 billion, a price-to-earnings ratio of 13.87, a PEG ratio of 1.16 and a beta of 1.29. The stock has a 50 day moving average price of $83.96 and a 200 day moving average price of $78.25. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.35 and a current ratio of 0.42.

Delta Air Lines (NYSE:DAL - Get Free Report) last released its quarterly earnings results on Thursday, July 9th. The transportation company reported $1.56 EPS for the quarter, topping the consensus estimate of $1.49 by $0.07. The firm had revenue of $17.67 billion during the quarter, compared to analyst estimates of $17.43 billion. Delta Air Lines had a return on equity of 17.52% and a net margin of 5.79%.The business's revenue for the quarter was up 18.7% compared to the same quarter last year. During the same period in the previous year, the company posted $2.10 EPS. Sell-side analysts expect that Delta Air Lines will post 6.23 earnings per share for the current year.

About Delta Air Lines

Delta Air Lines, Inc is a major U.S. airline that provides scheduled passenger air transportation throughout the United States and to destinations across North America, Latin America, Europe, Asia, Africa and the Middle East. The company also offers air cargo services and operates a loyalty program, SkyMiles, along with related travel and customer services.

Headquartered in Atlanta, Georgia, Delta operates a network of domestic and international routes through hubs and focus cities that include Atlanta, Boston, Detroit, Los Angeles, Minneapolis–Saint Paul, New York, Salt Lake City and Seattle.

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