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

Delta Air Lines, Inc. (NYSE:DAL) announced a quarterly dividend on Thursday, September 19th, NASDAQ reports. Shareholders of record on Thursday, October 10th will be paid a dividend of 0.15 per share by the transportation company on Thursday, October 31st. This represents a $0.60 annualized dividend and a yield of 1.21%. The ex-dividend date of this dividend is Thursday, October 10th.

Delta Air Lines has decreased its dividend by an average of 20.8% per year over the last three years. Delta Air Lines has a payout ratio of 8.2% meaning its dividend is sufficiently covered by earnings. Analysts expect Delta Air Lines to earn $7.29 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 8.2%.

Delta Air Lines Trading Up 0.4 %

DAL opened at $49.48 on Tuesday. The company has a debt-to-equity ratio of 1.21, a quick ratio of 0.35 and a current ratio of 0.40. The stock’s 50 day moving average price is $43.35 and its 200-day moving average price is $46.74. Delta Air Lines has a one year low of $30.60 and a one year high of $53.86. The stock has a market cap of $31.93 billion, a price-to-earnings ratio of 7.12, a P/E/G ratio of 0.90 and a beta of 1.35.

Delta Air Lines (NYSE:DAL) last announced its quarterly earnings data on Thursday, July 11th. The transportation company reported $2.36 EPS for the quarter, missing the consensus estimate of $2.37 by ($0.01). The business had revenue of $15.41 billion during the quarter, compared to the consensus estimate of $15.45 billion. Delta Air Lines had a net margin of 7.46% and a return on equity of 36.02%. The business’s revenue was up 5.4% compared to the same quarter last year. During the same period last year, the company earned $2.68 EPS. On average, equities analysts forecast that Delta Air Lines will post 6.18 EPS for the current year.

Analyst Ratings Changes

A number of research firms have recently issued reports on DAL. TD Cowen dropped their price target on Delta Air Lines from $61.00 to $59.00 and set a “buy” rating on the stock in a research report on Wednesday, July 17th. Sanford C. Bernstein reduced their price target on shares of Delta Air Lines from $66.00 to $62.00 and set an “outperform” rating for the company in a report on Friday, July 12th. Jefferies Financial Group raised their price objective on Delta Air Lines from $56.00 to $60.00 and gave the company a “buy” rating in a research report on Wednesday, October 2nd. Finally, BNP Paribas upgraded shares of Delta Air Lines to a “strong-buy” rating in a report on Thursday, September 19th. One analyst has rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of $63.62.

Insider Buying and Selling

In other Delta Air Lines news, Director Willie Cw Chiang purchased 10,000 shares of Delta Air Lines stock in a transaction on Friday, July 12th. The stock was bought at an average cost of $43.90 per share, with a total value of $439,000.00. Following the transaction, the director now owns 20,000 shares of the company’s stock, valued at $878,000. This represents a 100.00 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.96% of the company’s stock.

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.