Delta Air Lines, Inc. (NYSE:DAL) Declares $0.10 Quarterly Dividend

Delta Air Lines, Inc. (NYSE:DAL) announced a quarterly dividend on Thursday, April 25th, RTT News reports. Stockholders of record on Tuesday, May 14th will be paid a dividend of 0.10 per share by the transportation company on Tuesday, June 4th. This represents a $0.40 annualized dividend and a dividend yield of 0.80%.

Delta Air Lines has decreased its dividend payment by an average of 20.8% per year over the last three years. Delta Air Lines has a dividend payout ratio of 5.3% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Delta Air Lines to earn $7.57 per share next year, which means the company should continue to be able to cover its $0.40 annual dividend with an expected future payout ratio of 5.3%.

Delta Air Lines Stock Up 4.0 %

Delta Air Lines stock traded up $1.94 during mid-day trading on Thursday, hitting $49.88. The company’s stock had a trading volume of 12,431,342 shares, compared to its average volume of 10,886,814. The firm’s 50 day moving average is $44.65 and its 200 day moving average is $40.01. The company has a market cap of $32.19 billion, a PE ratio of 6.16, a price-to-earnings-growth ratio of 0.73 and a beta of 1.43. The company has a debt-to-equity ratio of 1.48, a current ratio of 0.41 and a quick ratio of 0.36. Delta Air Lines has a 52-week low of $30.60 and a 52-week high of $49.94.

Delta Air Lines (NYSE:DAL) last announced its quarterly earnings data on Thursday, April 11th. The transportation company reported $0.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.36 by $0.09. The firm had revenue of $13.75 billion during the quarter, compared to the consensus estimate of $12.51 billion. Delta Air Lines had a return on equity of 41.89% and a net margin of 8.48%. The business’s revenue for the quarter was up 7.8% on a year-over-year basis. During the same period in the prior year, the business earned $0.25 EPS. On average, analysts anticipate that Delta Air Lines will post 6.52 earnings per share for the current year.

Insider Activity

In other Delta Air Lines news, CEO Edward H. Bastian sold 71,840 shares of the firm’s stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $39.20, for a total value of $2,816,128.00. Following the sale, the chief executive officer now owns 428,768 shares of the company’s stock, valued at approximately $16,807,705.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other Delta Air Lines news, CEO Edward H. Bastian sold 71,840 shares of the firm’s stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $39.20, for a total value of $2,816,128.00. Following the completion of the sale, the chief executive officer now owns 428,768 shares in the company, valued at approximately $16,807,705.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Alain Bellemare sold 24,073 shares of the firm’s stock in a transaction that occurred on Tuesday, April 23rd. The stock was sold at an average price of $48.86, for a total value of $1,176,206.78. Following the completion of the sale, the executive vice president now owns 141,451 shares of the company’s stock, valued at approximately $6,911,295.86. The disclosure for this sale can be found here. In the last quarter, insiders have sold 195,913 shares of company stock valued at $8,897,335. Insiders own 0.89% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on DAL shares. TheStreet raised Delta Air Lines from a “c+” rating to a “b-” rating in a research report on Thursday, January 4th. UBS Group started coverage on Delta Air Lines in a research report on Wednesday, March 20th. They issued a “buy” rating and a $59.00 target price on the stock. Morgan Stanley reaffirmed an “overweight” rating and issued a $85.00 target price on shares of Delta Air Lines in a research report on Thursday, April 11th. StockNews.com lowered Delta Air Lines from a “buy” rating to a “hold” rating in a research report on Thursday, February 22nd. Finally, Bank of America upped their target price on Delta Air Lines from $53.00 to $55.00 and gave the stock a “buy” rating in a research report on Thursday, April 11th. One analyst has rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Buy” and an average price target of $58.29.

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.