Delta Air Lines' (DAL) Board of Directors today declared a quarterly dividend of $0.10 per share. The dividend is payable to shareholders of record as of the close of business on July 17, 2023, and will be paid on August 7, 2023.
This resumption of Delta's quarterly dividend following the suspension of the program in March 2020 reflects Delta's progress on its three-year financial plan, including over $10 billion of debt repayment over the last two years.
The new annual dividend rate of $0.40 per share will yield 0.93% at a stock price of $42.79.
Delta Airlines is a major airline company based in the United States, operating a network of domestic and international flights, providing passenger and cargo transportation services. Delta reinstated its quarterly dividend in 2023.