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

Delta Air Lines, Inc. (NYSE:DAL) declared a quarterly dividend on Thursday, February 6th,RTT News reports. Stockholders of record on Thursday, February 27th will be given a dividend of 0.15 per share by the transportation company on Thursday, March 20th. This represents a $0.60 annualized dividend and a dividend yield of 0.88%.

Delta Air Lines has a payout ratio of 7.1% meaning its dividend is sufficiently covered by earnings. Research analysts expect Delta Air Lines to earn $8.23 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 7.3%.

Delta Air Lines Stock Performance

Shares of DAL opened at $67.86 on Friday. The firm has a market capitalization of $43.79 billion, a P/E ratio of 12.73, a PEG ratio of 0.78 and a beta of 1.36. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.37 and a quick ratio of 0.32. Delta Air Lines has a one year low of $37.29 and a one year high of $69.98. The business has a fifty day moving average of $63.84 and a 200 day moving average of $54.51.

Delta Air Lines (NYSE:DAL) last released its quarterly earnings results on Friday, January 10th. The transportation company reported $1.85 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.76 by $0.09. Delta Air Lines had a return on equity of 30.43% and a net margin of 5.61%. The business had revenue of $15.56 billion during the quarter, compared to the consensus estimate of $14.20 billion. During the same period in the previous year, the company posted $1.28 EPS. The business’s quarterly revenue was up 9.4% compared to the same quarter last year. As a group, sell-side analysts anticipate that Delta Air Lines will post 7.67 EPS for the current year.

Insiders Place Their Bets

In other Delta Air Lines news, SVP William C. Carroll sold 6,783 shares of Delta Air Lines stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $65.94, for a total transaction of $447,271.02. Following the completion of the transaction, the senior vice president now directly owns 10,016 shares of the company’s stock, valued at $660,455.04. The trade was a 40.38 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Edward H. Bastian sold 91,710 shares of the stock in a transaction on Wednesday, January 22nd. The shares were sold at an average price of $69.85, for a total transaction of $6,405,943.50. Following the completion of the sale, the chief executive officer now directly owns 439,819 shares in the company, valued at approximately $30,721,357.15. This represents a 17.25 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 106,893 shares of company stock valued at $7,407,783 over the last ninety days. 0.96% of the stock is owned by insiders.

Analysts Set New Price Targets

Several research analysts have weighed in on DAL shares. Deutsche Bank Aktiengesellschaft increased their price target on shares of Delta Air Lines from $60.00 to $80.00 and gave the stock a “buy” rating in a research report on Thursday, November 21st. UBS Group reaffirmed a “buy” rating and issued a $88.00 target price on shares of Delta Air Lines in a report on Tuesday, November 26th. Citigroup boosted their price target on Delta Air Lines from $65.00 to $76.00 and gave the company a “buy” rating in a report on Tuesday, November 26th. Jefferies Financial Group raised their price objective on Delta Air Lines from $58.00 to $72.00 and gave the stock a “buy” rating in a research note on Monday, November 11th. Finally, StockNews.com downgraded shares of Delta Air Lines from a “buy” rating to a “hold” rating in a report on Wednesday. One analyst has rated the stock with a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $78.22.

Delta Air Lines Company Profile

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.