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Delta Air Reinstates Quarterly Dividend After Three-Year Halt
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2023-06-15 20:53
Delta Air Lines Inc.’s board voted to restart the company’s quarterly dividend, which was suspended in March 2020

Delta Air Lines Inc.’s board voted to restart the company’s quarterly dividend, which was suspended in March 2020 at the outset of the coronavirus pandemic.

The 10-cents-a-share payout “reflects Delta’s progress on its three-year financial plan,” the Atlanta-based carrier said in a statement Thursday. Delta joined other carriers in suspending dividends and share buybacks as air travel nearly ground to a halt early in the pandemic.

Delta’s shares traded down less than 1% as of 8:03 a.m. before regular trading in New York. The stock climbed 28% this year through Wednesday’s close, outpacing the S&P 500 Index.