Delta Air Lines Inc. (DAL) Announces Quarterly Dividend of $0.06
Delta Air Lines (NYSE:DAL) declared a quarterly dividend on Monday, February 10th, American Banking News.com reports. Investors of record on Friday, February 21st will be given a dividend of 0.06 per share on Friday, March 14th. This represents a $0.24 dividend on an annualized basis and a yield of 0.77%. The ex-dividend date of this dividend is Wednesday, February 19th.
Several analysts have recently commented on the stock. Analysts at Barclays raised their price target on shares of Delta Air Lines from $34.00 to $38.00 in a research note to investors on Tuesday, February 4th. They now have an “overweight” rating on the stock. On the ratings front, analysts at Morgan Stanley reiterated an “overweight” rating on shares of Delta Air Lines in a research note to investors on Wednesday, January 22nd. Finally, analysts at CRT Capital raised their price target on shares of Delta Air Lines from $36.00 to $38.00 in a research note to investors on Wednesday, January 22nd. They now have a “buy” rating on the stock. Two analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $33.33.
Shares of Delta Air Lines (NYSE:DAL) traded down 1.39% on Monday, hitting $31.21. 10,750,656 shares of the company’s stock traded hands. Delta Air Lines has a 1-year low of $13.16 and a 1-year high of $32.92. The stock has a 50-day moving average of $29.99 and a 200-day moving average of $25.61. The company has a market cap of $26.404 billion and a P/E ratio of 2.58.
Delta Air Lines (NYSE:DAL) last released its earnings data on Tuesday, January 21st. The company reported $0.65 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.63 by $0.02. The company had revenue of $9.08 billion for the quarter, compared to the consensus estimate of $9.03 billion. During the same quarter in the prior year, the company posted $0.28 earnings per share. The company’s quarterly revenue was up 5.6% on a year-over-year basis. On average, analysts predict that Delta Air Lines will post $2.61 earnings per share for the current fiscal year.
Delta Air Lines, Inc (NYSE:DAL) provides scheduled air transportation for passengers and cargo throughout the United States and around the world.
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