Delta Air Lines, Inc. (DAL) To Go Ex-Dividend on July 9th

Delta Air Lines, Inc. (NYSE:DAL) announced a quarterly dividend on Thursday, June 18th. Shareholders of record on Thursday, July 9th will be paid a dividend of 0.215 per share by the transportation company on Thursday, July 30th. This represents a c) annualized dividend and a yield of 1.0%. The ex-dividend date of this dividend is Thursday, July 9th. This is a 14.7% increase from Delta Air Lines’s previous quarterly dividend of $0.19.

Delta Air Lines has raised its dividend by an average of 0.1%per year over the last three years and has increased its dividend annually for the last 1 consecutive years. Delta Air Lines has a payout ratio of 11.2% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Delta Air Lines to earn $7.55 per share next year, which means the company should continue to be able to cover its $0.75 annual dividend with an expected future payout ratio of 9.9%.

Delta Air Lines Stock Performance

Shares of DAL opened at $84.16 on Friday. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.36 and a current ratio of 0.42. Delta Air Lines has a 1 year low of $45.28 and a 1 year high of $87.39. The firm has a fifty day moving average of $74.69 and a 200-day moving average of $70.25. The company has a market cap of $55.29 billion, a price-to-earnings ratio of 12.27, a price-to-earnings-growth ratio of 1.19 and a beta of 1.30.

Delta Air Lines (NYSE:DAL) last posted its earnings results on Wednesday, April 8th. The transportation company reported $0.64 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.61 by $0.03. The firm had revenue of $14.20 billion during the quarter, compared to analyst estimates of $14.05 billion. Delta Air Lines had a net margin of 6.87% and a return on equity of 20.28%. Delta Air Lines’s revenue was up 9.4% on a year-over-year basis. During the same period in the previous year, the business posted $0.46 EPS. As a group, equities analysts anticipate that Delta Air Lines will post 5.37 earnings per share for the current year.

Insider Transactions at Delta Air Lines

In related news, EVP Allison C. Ausband sold 5,000 shares of Delta Air Lines stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $79.00, for a total value of $395,000.00. Following the transaction, the executive vice president directly owned 133,854 shares in the company, valued at $10,574,466. The trade was a 3.60% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP John E. Laughter sold 15,000 shares of the business’s stock in a transaction on Tuesday, April 14th. The stock was sold at an average price of $71.61, for a total value of $1,074,150.00. Following the sale, the executive vice president directly owned 54,369 shares in the company, valued at $3,893,364.09. This trade represents a 21.62% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 149,635 shares of company stock valued at $10,833,855 in the last three months. 0.80% of the stock is currently owned by corporate insiders.

Institutional Trading of Delta Air Lines

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Lloyd Advisory Services LLC. purchased a new position in shares of Delta Air Lines in the fourth quarter worth approximately $31,000. Camelot Portfolios LLC purchased a new stake in shares of Delta Air Lines in the 4th quarter valued at approximately $34,000. Accredited Wealth Management LLC lifted its position in shares of Delta Air Lines by 1,983.3% in the 3rd quarter. Accredited Wealth Management LLC now owns 500 shares of the transportation company’s stock valued at $28,000 after acquiring an additional 476 shares in the last quarter. Byrne Asset Management LLC acquired a new position in Delta Air Lines in the 4th quarter worth approximately $35,000. Finally, Beacon Financial Strategies CORP purchased a new position in Delta Air Lines during the 4th quarter worth approximately $36,000. Institutional investors and hedge funds own 69.93% of the company’s stock.

Delta Air Lines Company Profile

Delta Air Lines is a major U.S.-based global airline that provides scheduled passenger and cargo air transportation, aircraft maintenance and repair services, and related travel products. Its operations include mainline domestic and international passenger services, a branded regional network operating under the Delta Connection name, dedicated air cargo carriage, and in-house maintenance, repair and overhaul through Delta TechOps. Delta offers a range of cabin products for different customer segments, including premium business-class service on long-haul routes and tiered economy offerings on domestic and international flights, and it markets customer loyalty benefits through the SkyMiles frequent-flyer program.

The carrier operates a mixed fleet of narrow- and wide-body aircraft from multiple U.S.