Delta Air Lines, Inc. (DAL) to Distribute Quarterly Dividend of $0.10 on June 4th

Delta Air Lines, Inc. (NYSE:DAL) declared 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. Research 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 Trading Up 0.0 %

DAL opened at $49.90 on Friday. Delta Air Lines has a one year low of $30.60 and a one year high of $50.24. The stock has a market cap of $32.20 billion, a price-to-earnings ratio of 6.41, a P/E/G ratio of 0.74 and a beta of 1.43. The stock’s 50 day moving average price is $45.03 and its 200-day moving average price is $40.18. The company has a debt-to-equity ratio of 1.48, a quick ratio of 0.36 and a current ratio of 0.41.

Delta Air Lines (NYSE:DAL) last announced its quarterly earnings data on Thursday, April 11th. The transportation company reported $0.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.36 by $0.09. Delta Air Lines had a return on equity of 41.89% and a net margin of 8.48%. The company had revenue of $13.75 billion for the quarter, compared to analysts’ expectations of $12.51 billion. During the same quarter in the prior year, the firm earned $0.25 earnings per share. Delta Air Lines’s revenue was up 7.8% compared to the same quarter last year. On average, equities analysts forecast that Delta Air Lines will post 6.52 EPS for the current year.

Insider Activity

In other news, EVP Alain Bellemare sold 24,073 shares of the stock in a transaction on Tuesday, April 23rd. The stock was sold at an average price of $48.86, for a total transaction of $1,176,206.78. Following the completion of the sale, the executive vice president now owns 141,451 shares in the company, valued at approximately $6,911,295.86. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, EVP Alain Bellemare sold 24,073 shares of the stock in a transaction on Tuesday, April 23rd. The stock was sold at an average price of $48.86, for a total transaction of $1,176,206.78. Following the completion of the sale, the executive vice president now owns 141,451 shares in the company, valued at approximately $6,911,295.86. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Edward H. Bastian sold 71,840 shares of the stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $39.20, for a total value 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 disclosure for this sale can be found here. In the last quarter, insiders sold 195,913 shares of company stock worth $8,897,335. Insiders own 0.89% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently issued reports on DAL. Morgan Stanley reissued an “overweight” rating and issued a $85.00 price objective on shares of Delta Air Lines in a research note on Thursday, April 11th. UBS Group started coverage on Delta Air Lines in a research note on Wednesday, March 20th. They issued a “buy” rating and a $59.00 price objective on the stock. Susquehanna increased their target price on Delta Air Lines from $47.00 to $54.00 and gave the company a “positive” rating in a research report on Tuesday, April 9th. StockNews.com cut Delta Air Lines from a “buy” rating to a “hold” rating in a research report on Thursday, February 22nd. Finally, TheStreet raised Delta Air Lines from a “c+” rating to a “b-” rating in a research report on Thursday, January 4th. One investment analyst has rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of $58.29.

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.