Delta Air Lines, Inc. (NYSE:DAL – Get Free Report) declared a quarterly dividend on Wednesday, April 15th. Investors of record on Thursday, May 14th will be paid a dividend of 0.1875 per share by the transportation company on Thursday, June 4th. This represents a c) annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend is Thursday, May 14th.
Delta Air Lines has increased 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 dividend payout ratio of 11.2% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Delta Air Lines to earn $7.51 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 10.0%.
Delta Air Lines Price Performance
Shares of Delta Air Lines stock opened at $71.11 on Tuesday. The company has a quick ratio of 0.36, a current ratio of 0.42 and a debt-to-equity ratio of 0.54. Delta Air Lines has a twelve month low of $45.28 and a twelve month high of $76.39. The business has a 50-day moving average price of $66.44 and a 200 day moving average price of $66.43. The firm has a market cap of $46.72 billion, a PE ratio of 10.37, a P/E/G ratio of 1.08 and a beta of 1.25.
About Delta Air Lines
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.
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