Delta Air Lines, Inc. (DAL) to Distribute Quarterly Dividend of $0.21 on November 5th

Delta Air Lines, Inc. (NYSE:DAL) announced a quarterly dividend on Thursday, September 24th. Shareholders 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 annualized dividend and a yield of 1.0%. The ex-dividend date of this dividend is Thursday, October 15th.

Delta Air Lines has raised its dividend by an average of 0.1%annually over the last three years and has increased its dividend every year for the last 1 years. Delta Air Lines has a payout ratio of 12.8% meaning its dividend is sufficiently covered by earnings. 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 Price Performance

Shares of DAL opened at $84.95 on Friday. The business’s 50-day moving average is $83.98 and its two-hundred day moving average is $78.29. The company has a market capitalization of $55.87 billion, a P/E ratio of 14.09, a P/E/G ratio of 1.14 and a beta of 1.29. Delta Air Lines has a fifty-two week low of $55.03 and a fifty-two week high of $95.68. 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) last issued its quarterly earnings data on Thursday, July 9th. The transportation company reported $1.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.49 by $0.07. Delta Air Lines had a return on equity of 17.52% and a net margin of 5.79%.The business had revenue of $17.67 billion during the quarter, compared to analysts’ expectations of $17.43 billion. During the same quarter in the previous year, the firm posted $2.10 EPS. The company’s revenue for the quarter was up 18.7% on a year-over-year basis. Research analysts predict 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.