Delta Air Lines, Inc. (NYSE:DAL) Plans Quarterly Dividend of $0.15

Delta Air Lines, Inc. (NYSE:DAL) announced a quarterly dividend on Thursday, September 19th, NASDAQ reports. Shareholders of record on Thursday, October 10th will be given a dividend of 0.15 per share by the transportation company on Thursday, October 31st. This represents a $0.60 annualized dividend and a yield of 1.28%. The ex-dividend date is Thursday, October 10th.

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 dividend payout ratio of 8.2% meaning its dividend is sufficiently covered by earnings. Research analysts expect Delta Air Lines to earn $7.22 per share next year, which means the company should continue to be able to cover its $0.60 annual dividend with an expected future payout ratio of 8.3%.

Delta Air Lines Trading Down 0.4 %

Shares of DAL stock traded down $0.21 during trading hours on Friday, hitting $46.93. 9,728,184 shares of the company were exchanged, compared to its average volume of 9,477,275. The firm has a fifty day moving average of $42.29 and a 200 day moving average of $46.22. The company has a quick ratio of 0.35, a current ratio of 0.40 and a debt-to-equity ratio of 1.21. Delta Air Lines has a 1 year low of $30.60 and a 1 year high of $53.86. The firm has a market cap of $30.28 billion, a PE ratio of 6.78, a PEG ratio of 0.89 and a beta of 1.34.

Delta Air Lines (NYSE:DAL) last posted its quarterly earnings results on Thursday, July 11th. The transportation company reported $2.36 earnings per share for the quarter, missing analysts’ consensus estimates of $2.37 by ($0.01). Delta Air Lines had a return on equity of 36.02% and a net margin of 7.46%. The company had revenue of $15.41 billion for the quarter, compared to analysts’ expectations of $15.45 billion. During the same period in the prior year, the business earned $2.68 EPS. The business’s revenue for the quarter was up 5.4% on a year-over-year basis. Analysts expect that Delta Air Lines will post 5.99 earnings per share for the current year.

Analyst Ratings Changes

A number of research firms have issued reports on DAL. Sanford C. Bernstein lowered their price target on Delta Air Lines from $66.00 to $62.00 and set an “outperform” rating for the company in a research report on Friday, July 12th. Citigroup increased their target price on shares of Delta Air Lines from $55.00 to $65.00 and gave the stock a “buy” rating in a research report on Wednesday, May 29th. Jefferies Financial Group reduced their price target on shares of Delta Air Lines from $58.00 to $56.00 and set a “buy” rating on the stock in a research report on Friday, June 28th. Finally, TD Cowen dropped their price objective on shares of Delta Air Lines from $61.00 to $59.00 and set a “buy” rating for the company in a research report on Wednesday, July 17th. One equities research analyst has rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Delta Air Lines currently has a consensus rating of “Buy” and a consensus price target of $61.52.

Insider Buying and Selling

In other Delta Air Lines news, Director Willie Cw Chiang purchased 10,000 shares of Delta Air Lines stock in a transaction that occurred on Friday, July 12th. The stock was purchased at an average price of $43.90 per share, with a total value of $439,000.00. Following the completion of the acquisition, the director now owns 20,000 shares of the company’s stock, valued at approximately $878,000. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.96% of the stock is currently owned by insiders.

Delta Air Lines Company Profile

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.