Delta Air Lines, Inc. (NYSE:DAL) Announces Quarterly Dividend of $0.10

Delta Air Lines, Inc. (NYSE:DAL - Get Free Report) declared a quarterly dividend on Thursday, April 25th, RTT News reports. Stockholders of record on Tuesday, May 14th will be given a dividend of 0.10 per share by the transportation company on Tuesday, June 4th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.80%.

Delta Air Lines has decreased its dividend payment by an average of 20.8% per year over the last three years. Delta Air Lines has a payout ratio of 5.3% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Delta Air Lines to earn $7.57 per share next year, which means the company should continue to be able to cover its $0.40 annual dividend with an expected future payout ratio of 5.3%.

Delta Air Lines Trading Up 4.1 %

Shares of NYSE DAL traded up $1.96 during mid-day trading on Thursday, reaching $49.90. The company had a trading volume of 12,938,428 shares, compared to its average volume of 10,887,830. The business's 50-day moving average is $44.83 and its 200-day moving average is $40.07. The company has a current ratio of 0.41, a quick ratio of 0.36 and a debt-to-equity ratio of 1.48. The stock has a market cap of $32.20 billion, a price-to-earnings ratio of 6.41, a price-to-earnings-growth ratio of 0.73 and a beta of 1.43. Delta Air Lines has a 52 week low of $30.60 and a 52 week high of $49.94.

Delta Air Lines (NYSE:DAL - Get Free Report) last posted its quarterly earnings results on Thursday, April 11th. The transportation company reported $0.45 EPS for the quarter, topping analysts' consensus estimates of $0.36 by $0.09. The firm had revenue of $13.75 billion for the quarter, compared to analysts' expectations of $12.51 billion. Delta Air Lines had a net margin of 8.48% and a return on equity of 41.89%. The business's revenue for the quarter was up 7.8% on a year-over-year basis. During the same period in the prior year, the business posted $0.25 earnings per share. Equities analysts expect that Delta Air Lines will post 6.52 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several analysts have commented on DAL shares. Susquehanna increased their price target on shares of Delta Air Lines from $47.00 to $54.00 and gave the company a "positive" rating in a research report on Tuesday, April 9th. StockNews.com lowered shares of Delta Air Lines from a "buy" rating to a "hold" rating in a research report on Thursday, February 22nd. Bank of America increased their price target on shares of Delta Air Lines from $53.00 to $55.00 and gave the company a "buy" rating in a research report on Thursday, April 11th. Deutsche Bank Aktiengesellschaft increased their price target on shares of Delta Air Lines from $50.00 to $60.00 and gave the company a "buy" rating in a research report on Thursday, April 11th. Finally, Morgan Stanley reissued an "overweight" rating and set a $85.00 price target on shares of Delta Air Lines in a research report on Thursday, April 11th. One investment analyst has rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, Delta Air Lines presently has a consensus rating of "Buy" and a consensus target price of $58.29.

Insider Buying and Selling

In related news, CEO Edward H. Bastian sold 71,840 shares of the stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $39.20, for a total value of $2,816,128.00. Following the transaction, the chief executive officer now owns 428,768 shares in the company, valued at approximately $16,807,705.60. The sale was disclosed in a filing with the SEC, which is available through this link. In related news, CEO Edward H. Bastian sold 71,840 shares of the stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $39.20, for a total value of $2,816,128.00. Following the transaction, the chief executive officer now owns 428,768 shares in the company, valued at approximately $16,807,705.60. The sale was disclosed in a filing with the SEC, which is available through this link. Also, EVP Alain Bellemare sold 24,073 shares of the stock in a transaction that occurred on Tuesday, April 23rd. The stock was sold at an average price of $48.86, for a total transaction of $1,176,206.78. Following the completion of the transaction, the executive vice president now owns 141,451 shares in the company, valued at approximately $6,911,295.86. The disclosure for this sale can be found here. In the last quarter, insiders have sold 195,913 shares of company stock worth $8,897,335. 0.89% of the stock is owned by company insiders.

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.