Delta Air Lines, Inc. (DAL) To Go Ex-Dividend on October 10th

Delta Air Lines, Inc. (NYSE:DAL) declared a quarterly dividend on Thursday, September 19th, NASDAQ reports. Investors 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 dividend on an annualized basis and a yield of 1.21%. The ex-dividend date is Thursday, October 10th.

Delta Air Lines has decreased its dividend by an average of 20.8% annually over the last three years. Delta Air Lines has a payout ratio of 8.2% indicating that its dividend is sufficiently covered by earnings. Equities research 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 Stock Up 0.4 %

DAL stock opened at $49.48 on Tuesday. Delta Air Lines has a 1-year low of $30.60 and a 1-year high of $53.86. The business has a fifty day moving average price of $43.35 and a 200-day moving average price of $46.74. The stock has a market capitalization of $31.93 billion, a P/E ratio of 7.12, a P/E/G ratio of 0.90 and a beta of 1.35. The company has a debt-to-equity ratio of 1.21, a current ratio of 0.40 and a quick ratio of 0.35.

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

Insider Activity at Delta Air Lines

In related news, Director Willie Cw Chiang purchased 10,000 shares of Delta Air Lines stock in a transaction on Friday, July 12th. The shares were bought at an average cost of $43.90 per share, for a total transaction of $439,000.00. Following the acquisition, the director now owns 20,000 shares in the company, valued at approximately $878,000. The trade was a 100.00 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.96% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

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

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.