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

Delta Air Lines, Inc. (NYSE:DAL) declared a quarterly dividend on Thursday, September 19th, NASDAQ reports. Stockholders 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 dividend on an annualized basis and a dividend yield of 1.28%. The ex-dividend date of this dividend is Thursday, October 10th.

Delta Air Lines has decreased its dividend by an average of 20.8% annually over the last three years. Delta Air Lines has a dividend payout ratio of 8.2% indicating that its dividend is sufficiently covered by earnings. 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 Stock Performance

DAL opened at $46.93 on Friday. The company has a quick ratio of 0.35, a current ratio of 0.40 and a debt-to-equity ratio of 1.21. The stock’s 50 day moving average price is $42.36 and its two-hundred day moving average price is $46.25. The firm has a market capitalization of $30.28 billion, a P/E ratio of 6.75, a price-to-earnings-growth ratio of 0.89 and a beta of 1.34. Delta Air Lines has a 12-month low of $30.60 and a 12-month high of $53.86.

Delta Air Lines (NYSE:DAL) last announced its quarterly earnings data on Thursday, July 11th. The transportation company reported $2.36 earnings per share (EPS) for the quarter, missing the consensus estimate 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 during the quarter, compared to analyst estimates of $15.45 billion. During the same quarter in the previous year, the business posted $2.68 EPS. The company’s revenue was up 5.4% on a year-over-year basis. On average, equities analysts forecast that Delta Air Lines will post 5.99 earnings per share for the current year.

Insider Buying and Selling at Delta Air Lines

In other news, Director Willie Cw Chiang bought 10,000 shares of the stock in a transaction dated Friday, July 12th. The shares were acquired at an average price of $43.90 per share, with a total value of $439,000.00. Following the acquisition, the director now owns 20,000 shares in the company, valued at $878,000. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.96% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on DAL. TD Cowen dropped their price objective on shares of Delta Air Lines from $61.00 to $59.00 and set a “buy” rating on the stock in a report on Wednesday, July 17th. Jefferies Financial Group lowered their price target on Delta Air Lines from $58.00 to $56.00 and set a “buy” rating on the stock in a research note on Friday, June 28th. Citigroup raised their price objective on Delta Air Lines from $55.00 to $65.00 and gave the stock a “buy” rating in a research report on Wednesday, May 29th. Finally, Sanford C. Bernstein lowered their price objective on Delta Air Lines from $66.00 to $62.00 and set an “outperform” rating on the stock in a research report on Friday, July 12th. One investment 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. According to MarketBeat, Delta Air Lines has an average rating of “Buy” and a consensus target price of $61.52.

About Delta Air Lines

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.