Delta Air Lines, Inc. (NYSE:DAL) Announces $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 given a dividend of 0.10 per share by the transportation company on Tuesday, June 4th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.80%.

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 5.3% indicating that its dividend is sufficiently covered by earnings. 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 %

Shares of NYSE:DAL traded up $1.94 during trading on Thursday, reaching $49.88. The stock had a trading volume of 12,431,342 shares, compared to its average volume of 10,886,814. The firm’s 50-day simple moving average is $44.65 and its 200 day simple moving average is $40.01. The company has a market capitalization of $32.19 billion, a P/E ratio of 6.16, a PEG ratio of 0.73 and a beta of 1.43. The company has a current ratio of 0.41, a quick ratio of 0.36 and a debt-to-equity ratio of 1.48. Delta Air Lines has a one year low of $30.60 and a one year high of $49.94.

Delta Air Lines (NYSE:DAL) last released its earnings results on Thursday, April 11th. The transportation company reported $0.45 EPS for the quarter, topping analysts’ consensus estimates of $0.36 by $0.09. The company had revenue of $13.75 billion during the quarter, compared to analysts’ expectations of $12.51 billion. Delta Air Lines had a net margin of 8.48% and a return on equity of 41.89%. Delta Air Lines’s revenue for the quarter was up 7.8% on a year-over-year basis. During the same period last year, the business earned $0.25 EPS. As a group, research analysts expect that Delta Air Lines will post 6.52 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts recently commented on DAL shares. Susquehanna lifted their target price on shares of Delta Air Lines from $47.00 to $54.00 and gave the stock a “positive” rating in a research note on Tuesday, April 9th. Deutsche Bank Aktiengesellschaft raised their price target on shares of Delta Air Lines from $50.00 to $60.00 and gave the stock a “buy” rating in a research report on Thursday, April 11th. TheStreet raised shares of Delta Air Lines from a “c+” rating to a “b-” rating in a report on Thursday, January 4th. StockNews.com lowered shares of Delta Air Lines from a “buy” rating to a “hold” rating in a report on Thursday, February 22nd. Finally, UBS Group began coverage on shares of Delta Air Lines in a report on Wednesday, March 20th. They set a “buy” rating and a $59.00 target price for the company. One analyst has rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of $58.29.

Insiders Place Their Bets

In other Delta Air Lines news, CEO Edward H. Bastian sold 71,840 shares of Delta Air Lines stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $39.20, for a total transaction 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 sale was disclosed in a filing with the SEC, which is available at the SEC website. In other Delta Air Lines news, CEO Edward H. Bastian sold 71,840 shares of Delta Air Lines stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $39.20, for a total transaction 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 sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, President Glen W. Hauenstein sold 100,000 shares of the business’s stock in a transaction dated Monday, April 22nd. The shares were sold at an average price of $49.05, for a total transaction of $4,905,000.00. Following the transaction, the president now directly owns 217,584 shares in the company, valued at approximately $10,672,495.20. The disclosure for this sale can be found here. Insiders have sold a total of 195,913 shares of company stock valued at $8,897,335 in the last 90 days. 0.89% of the stock is owned by insiders.

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.