Delta Air Lines, Inc. (DAL) To Go Ex-Dividend on May 14th

Delta Air Lines, Inc. (NYSE:DAL) announced a quarterly dividend on Wednesday, April 15th. Investors of record on Thursday, May 14th will be paid a dividend of 0.1875 per share by the transportation company on Thursday, June 4th. This represents a c) annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend is Thursday, May 14th.

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 dividend payout ratio of 11.2% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Delta Air Lines to earn $7.51 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 10.0%.

Delta Air Lines Price Performance

Shares of NYSE:DAL opened at $71.11 on Tuesday. The company has a current ratio of 0.42, a quick ratio of 0.36 and a debt-to-equity ratio of 0.54. Delta Air Lines has a 1 year low of $45.28 and a 1 year high of $76.39. The business has a fifty day simple moving average of $66.44 and a 200 day simple moving average of $66.43. The firm has a market cap of $46.72 billion, a price-to-earnings ratio of 10.37, a P/E/G ratio of 1.08 and a beta of 1.25.

Delta Air Lines (NYSE:DAL) last announced its quarterly earnings data on Wednesday, April 8th. The transportation company reported $0.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.61 by $0.03. Delta Air Lines had a return on equity of 20.28% and a net margin of 6.87%.The business had revenue of $14.20 billion during the quarter, compared to analyst estimates of $14.05 billion. During the same period last year, the company earned $0.46 earnings per share. Delta Air Lines’s quarterly revenue was up 9.4% compared to the same quarter last year. As a group, sell-side analysts predict that Delta Air Lines will post 5.3 earnings per share for the current fiscal year.

Insider Buying and Selling at Delta Air Lines

In other Delta Air Lines news, CEO Edward H. Bastian sold 100,000 shares of the firm’s stock in a transaction dated Thursday, February 26th. The stock was sold at an average price of $70.26, for a total transaction of $7,026,000.00. Following the transaction, the chief executive officer directly owned 1,363,448 shares in the company, valued at $95,795,856.48. This trade represents a 6.83% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Alain Bellemare sold 20,621 shares of the firm’s stock in a transaction dated Thursday, May 7th. The shares were sold at an average price of $72.75, for a total value of $1,500,177.75. Following the transaction, the executive vice president owned 120,025 shares in the company, valued at approximately $8,731,818.75. This trade represents a 14.66% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 204,925 shares of company stock worth $14,323,395 over the last three months. Corporate insiders own 0.80% of the company’s stock.

Hedge Funds Weigh In On Delta Air Lines

Institutional investors have recently made changes to their positions in the business. AlphaQuest LLC increased its stake in shares of Delta Air Lines by 90.6% in the third quarter. AlphaQuest LLC now owns 444 shares of the transportation company’s stock worth $25,000 after purchasing an additional 211 shares during the period. Accredited Wealth Management LLC increased its stake in shares of Delta Air Lines by 1,983.3% in the third quarter. Accredited Wealth Management LLC now owns 500 shares of the transportation company’s stock worth $28,000 after purchasing an additional 476 shares during the period. Lloyd Advisory Services LLC. bought a new position in shares of Delta Air Lines in the fourth quarter worth about $31,000. SWAN Capital LLC increased its stake in shares of Delta Air Lines by 1,016.0% in the third quarter. SWAN Capital LLC now owns 558 shares of the transportation company’s stock worth $32,000 after purchasing an additional 508 shares during the period. Finally, Camelot Portfolios LLC bought a new position in shares of Delta Air Lines in the fourth quarter worth about $34,000. 69.93% of the stock is currently owned by institutional investors.

About Delta Air Lines

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.