Delta Air Lines, Inc. (DAL) to Issue Quarterly Dividend of $0.19 on June 4th

Delta Air Lines, Inc. (NYSE:DAL) declared a quarterly dividend on Wednesday, April 15th. Stockholders of record on Thursday, May 14th will be given a dividend of 0.1875 per share by the transportation company on Thursday, June 4th. This represents a c) annualized dividend and a dividend yield of 1.1%. The ex-dividend date is Thursday, May 14th.

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 annually for the last 1 consecutive years. Delta Air Lines has a payout ratio of 11.2% meaning its dividend is sufficiently covered by earnings. Research analysts expect Delta Air Lines to earn $7.51 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 10.0%.

Delta Air Lines Stock Performance

NYSE:DAL opened at $71.11 on Tuesday. The firm’s 50-day moving average is $66.44 and its 200-day moving average is $66.43. Delta Air Lines has a 52-week low of $45.28 and a 52-week high of $76.39. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.36 and a current ratio of 0.42. The company has a market cap of $46.72 billion, a price-to-earnings ratio of 10.37, a PEG ratio of 1.08 and a beta of 1.25.

Delta Air Lines (NYSE:DAL) last posted its quarterly earnings data on Wednesday, April 8th. The transportation company reported $0.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.61 by $0.03. Delta Air Lines had a net margin of 6.87% and a return on equity of 20.28%. The company had revenue of $14.20 billion for the quarter, compared to the consensus estimate of $14.05 billion. During the same quarter in the previous year, the firm posted $0.46 EPS. The business’s revenue was up 9.4% compared to the same quarter last year. Equities research analysts anticipate that Delta Air Lines will post 5.3 earnings per share for the current year.

About Delta Air Lines

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.