Delta Air Lines, Inc. (NYSE:DAL) Shares to Pay Quarterly Dividend of $0.21

Delta Air Lines, Inc. (NYSE:DAL) announced a quarterly dividend on Thursday, September 24th. Investors of record on Thursday, October 15th will be given 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 is Thursday, October 15th.

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

NYSE DAL traded down $0.19 on Friday, reaching $82.57. The stock had a trading volume of 439,264 shares, compared to its average volume of 8,637,168. Delta Air Lines has a 1-year low of $55.03 and a 1-year high of $95.68. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.42 and a quick ratio of 0.35. The company has a market cap of $54.30 billion, a P/E ratio of 13.68, a price-to-earnings-growth ratio of 1.16 and a beta of 1.29. The firm has a fifty day moving average of $83.96 and a two-hundred day moving average of $78.25.

Delta Air Lines (NYSE:DAL) last released its quarterly earnings results on Thursday, July 9th. The transportation company reported $1.56 EPS for the quarter, beating the consensus estimate of $1.49 by $0.07. Delta Air Lines had a net margin of 5.79% and a return on equity of 17.52%. The business had revenue of $17.67 billion for the quarter, compared to the consensus estimate of $17.43 billion. During the same period in the prior year, the company posted $2.10 earnings per share. Delta Air Lines’s revenue was up 18.7% compared to the same quarter last year. On average, equities research analysts anticipate that Delta Air Lines will post 6.23 EPS for the current year.

Analyst Upgrades and Downgrades

DAL has been the topic of several recent research reports. Rothschild & Co Redburn raised their target price on shares of Delta Air Lines from $104.00 to $105.00 and gave the stock a “buy” rating in a report on Friday, September 18th. TD Cowen reduced their price target on Delta Air Lines from $112.00 to $105.00 and set a “buy” rating on the stock in a research report on Monday, August 24th. Wells Fargo & Company lifted their price objective on Delta Air Lines from $75.00 to $105.00 and gave the company an “overweight” rating in a report on Tuesday, June 30th. Morgan Stanley upped their target price on Delta Air Lines from $115.00 to $125.00 and gave the company an “overweight” rating in a research report on Friday, July 10th. Finally, Bank of America boosted their price target on Delta Air Lines from $93.00 to $100.00 and gave the company a “buy” rating in a research note on Wednesday, July 1st. Twenty-three investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, Delta Air Lines has an average rating of “Moderate Buy” and an average target price of $100.62.

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.