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

Delta Air Lines, Inc. (NYSE:DAL) announced a quarterly dividend on Thursday, June 18th. Stockholders of record on Thursday, July 9th will be given a dividend of 0.215 per share by the transportation company on Thursday, July 30th. This represents a c) dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date is Thursday, July 9th. This is a 14.7% increase from Delta Air Lines’s previous quarterly dividend of $0.19.

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 11.2% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Delta Air Lines to earn $7.55 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 9.9%.

Delta Air Lines Price Performance

Shares of Delta Air Lines stock opened at $84.16 on Friday. The firm has a market cap of $55.29 billion, a PE ratio of 12.27, a P/E/G ratio of 1.16 and a beta of 1.30. Delta Air Lines has a twelve month low of $45.28 and a twelve month high of $87.39. The company has a quick ratio of 0.36, a current ratio of 0.42 and a debt-to-equity ratio of 0.54. The business has a 50-day moving average price of $74.37 and a 200 day moving average price of $70.15.

Delta Air Lines (NYSE:DAL) last issued its quarterly earnings results on Wednesday, April 8th. The transportation company reported $0.64 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.61 by $0.03. The company had revenue of $14.20 billion for the quarter, compared to the consensus estimate of $14.05 billion. Delta Air Lines had a return on equity of 20.28% and a net margin of 6.87%.Delta Air Lines’s revenue for the quarter was up 9.4% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.46 earnings per share. Sell-side analysts predict that Delta Air Lines will post 5.37 earnings per share for the current fiscal year.

Delta Air Lines Company Profile

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.