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

Delta Air Lines, Inc. (NYSE:DAL) announced a quarterly dividend on Thursday, September 24th. Shareholders of record on Thursday, October 15th will be paid a dividend of $0.2150 per share by the transportation company on Thursday, November 5th. This represents a $0.86 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date of this dividend is Thursday, October 15th.

Delta Air Lines has raised its dividend payment by an average of 0.1%annually over the last three years and has increased its dividend annually for the last 1 consecutive years. Delta Air Lines has a payout ratio of 12.8% indicating that its dividend is sufficiently covered by earnings. Analysts expect Delta Air Lines to earn $8.56 per share next year, which means the company should continue to be able to cover its $0.86 annual dividend with an expected future payout ratio of 10.0%.

Delta Air Lines Price Performance

DAL stock opened at $82.92 on Friday. The business has a 50 day moving average price of $83.96 and a 200 day moving average price of $78.25. The company has a quick ratio of 0.35, a current ratio of 0.42 and a debt-to-equity ratio of 0.48. The stock has a market cap of $54.53 billion, a price-to-earnings ratio of 13.87, a PEG ratio of 1.16 and a beta of 1.29. Delta Air Lines has a fifty-two week low of $55.03 and a fifty-two week high of $95.68.

Delta Air Lines (NYSE:DAL) last released its quarterly earnings data on Thursday, July 9th. The transportation company reported $1.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.49 by $0.07. The company had revenue of $17.67 billion during the quarter, compared to the consensus estimate of $17.43 billion. Delta Air Lines had a net margin of 5.79% and a return on equity of 17.52%. Delta Air Lines’s revenue for the quarter was up 18.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.10 earnings per share. Equities research analysts anticipate that Delta Air Lines will post 6.23 earnings per share for the current fiscal year.

About Delta Air Lines

Delta Air Lines, Inc is a major U.S. airline that provides scheduled passenger air transportation throughout the United States and to destinations across North America, Latin America, Europe, Asia, Africa and the Middle East. The company also offers air cargo services and operates a loyalty program, SkyMiles, along with related travel and customer services.

Headquartered in Atlanta, Georgia, Delta operates a network of domestic and international routes through hubs and focus cities that include Atlanta, Boston, Detroit, Los Angeles, Minneapolis–Saint Paul, New York, Salt Lake City and Seattle.