Delta Air Lines, Inc. (DAL) To Go Ex-Dividend on February 22nd
Delta Air Lines, Inc. (NYSE:DAL) announced a quarterly dividend on Friday, February 10th. Stockholders of record on Friday, February 24th will be given a dividend of 0.2025 per share on Friday, March 17th. This represents a $0.81 dividend on an annualized basis and a dividend yield of 1.59%. The ex-dividend date is Wednesday, February 22nd.
Shares of Delta Air Lines (NYSE:DAL) opened at 50.83 on Friday. Delta Air Lines has a 52-week low of $32.60 and a 52-week high of $52.76. The stock has a 50 day moving average price of $49.50 and a 200-day moving average price of $43.88. The firm has a market capitalization of $37.00 billion, a PE ratio of 8.78 and a beta of 0.75.
Delta Air Lines (NYSE:DAL) last posted its quarterly earnings data on Thursday, January 12th. The company reported $0.82 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.82. Delta Air Lines had a return on equity of 33.59% and a net margin of 11.03%. The firm earned $9.46 billion during the quarter, compared to analyst estimates of $9.40 billion. During the same period last year, the company posted $1.18 EPS. The business’s quarterly revenue was down .5% on a year-over-year basis. Equities analysts forecast that Delta Air Lines will post $5.31 EPS for the current year.
In other Delta Air Lines news, COO W Gilbert West sold 15,600 shares of the business’s stock in a transaction that occurred on Wednesday, February 15th. The stock was sold at an average price of $51.29, for a total transaction of $800,124.00. Following the completion of the sale, the chief operating officer now directly owns 111,113 shares of the company’s stock, valued at approximately $5,698,985.77. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Douglas R. Ralph acquired 1,000 shares of the firm’s stock in a transaction on Monday, January 23rd. The shares were bought at an average cost of $49.04 per share, with a total value of $49,040.00. Following the completion of the acquisition, the director now directly owns 1,000 shares in the company, valued at approximately $49,040. The disclosure for this purchase can be found here. Over the last three months, insiders have acquired 21,000 shares of company stock valued at $50,840 and have sold 195,958 shares valued at $9,880,905. Insiders own 0.75% of the company’s stock.
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DAL has been the subject of several research analyst reports. Deutsche Bank AG lifted their price objective on Delta Air Lines from $49.00 to $58.00 and gave the stock a “buy” rating in a research report on Monday, December 5th. Citigroup Inc. initiated coverage on Delta Air Lines in a research report on Friday, November 18th. They issued a “buy” rating and a $61.00 price objective for the company. Vetr raised Delta Air Lines from a “hold” rating to a “buy” rating and set a $43.73 price objective for the company in a research report on Wednesday, October 26th. Credit Suisse Group reissued a “buy” rating on shares of Delta Air Lines in a research report on Tuesday, November 8th. Finally, J P Morgan Chase & Co reissued a “buy” rating on shares of Delta Air Lines in a research report on Tuesday, November 8th. Three investment analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $55.88.
Delta Air Lines Company Profile
Delta Air Lines, Inc provides scheduled air transportation for passengers and cargo throughout the United States and around the world. The Company’s operates through segments, including Airline Segment and Refinery Segment. The Airline segment is managed as a single business unit that provides scheduled air transportation for passengers and cargo throughout the United States and around the world and other ancillary airline services.
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