Delta Air Lines, Inc. (NYSE:DAL – Get Free Report) declared a quarterly dividend on Wednesday, February 4th. Stockholders of record on Thursday, February 26th will be given a dividend of 0.1875 per share by the transportation company on Thursday, March 19th. This represents a c) annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend is Thursday, February 26th.
Delta Air Lines has increased its dividend payment by an average of 0.1%per year over the last three years and has raised its dividend every year for the last 1 years. Delta Air Lines has a payout ratio of 11.2% meaning its dividend is sufficiently covered by earnings. Analysts expect Delta Air Lines to earn $8.28 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 9.1%.
Delta Air Lines Stock Performance
Shares of DAL stock opened at $66.81 on Tuesday. The firm has a market capitalization of $43.63 billion, a price-to-earnings ratio of 8.71, a PEG ratio of 0.67 and a beta of 1.37. The stock has a fifty day moving average of $69.98 and a 200 day moving average of $63.72. Delta Air Lines has a 52 week low of $34.74 and a 52 week high of $76.39. The company has a quick ratio of 0.34, a current ratio of 0.40 and a debt-to-equity ratio of 0.60.
Wall Street Analysts Forecast Growth
Several research firms have weighed in on DAL. Wells Fargo & Company set a $87.00 price objective on Delta Air Lines in a research report on Thursday, December 18th. TD Cowen restated a “buy” rating on shares of Delta Air Lines in a research report on Wednesday, January 7th. Susquehanna upped their price target on Delta Air Lines from $70.00 to $85.00 and gave the stock a “positive” rating in a research note on Friday, January 9th. UBS Group lowered their price objective on Delta Air Lines from $90.00 to $87.00 and set a “buy” rating for the company in a research report on Wednesday, January 14th. Finally, Seaport Research Partners boosted their target price on shares of Delta Air Lines from $80.00 to $89.00 and gave the company a “buy” rating in a report on Friday, January 9th. One investment analyst has rated the stock with a Strong Buy rating and twenty-two have given a Buy rating to the stock. According to data from MarketBeat.com, Delta Air Lines currently has an average rating of “Buy” and a consensus price target of $80.47.
View Our Latest Stock Analysis on Delta Air Lines
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.
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