Dividend Watching: $0.20 dividends are now a reality for Delta Air Lines, Inc. (NYSE:DAL) shareholders. Here’s why.

Dividend Watching: $0.20 dividends are now a reality for Delta Air Lines, Inc. (NYSE:DAL) shareholders. Here's why.

Delta Air Lines, Inc. (NYSE:DAL) is expected to pay $0.20 on Dec 2, 2016. The indicated annual dividend is $0.81. Shareholders owning the stock before Nov 8, 2016 will be eligible to receive the payout. Based on Delta Air Lines, Inc.’s current price of $42.88, the dividend is 0.47%. This dividend’s record date is Nov 11, 2016 and the announcement date is Oct 31, 2016. The stock increased 2.29% or $0.96 during the last trading session, hitting $42.88. About 5 shares traded hands. Delta Air Lines, Inc. (NYSE:DAL) has declined 9.08% since April 5, 2016 and is downtrending. It has underperformed by 11.03% the S&P500.

Delta Air Lines, Inc. provides scheduled air transportation for passengers and cargo throughout the United States and around the world. The company has a market cap of $32.15 billion. The Company’s operates through divisions, including Airline Segment and Refinery Segment. It has a 6.94 P/E ratio. The Airline segment is managed as a single business unit that provides scheduled air transportation for passengers and cargo throughout the United States and around the world and other ancillary airline services.

Insitutional Activity: The institutional sentiment decreased to 1 in Q2 2016. Its down 0.09, from 1.09 in 2016Q1. The ratio fall, as 92 funds sold all Delta Air Lines, Inc. shares owned while 277 reduced positions. 75 funds bought stakes while 294 increased positions. They now own 620.66 million shares or 4.75% less from 651.60 million shares in 2016Q1.
Adams Diversified Equity Fund accumulated 0.76% or 311,900 shares. Axiom Investors Ltd Co De, a Connecticut-based fund reported 1.48 million shares. Clarivest Asset Management Ltd Liability Corp accumulated 659,863 shares or 0.72% of the stock. Henderson Grp Inc Public Limited Company has 0.01% invested in the company for 26,969 shares. Grantham Mayo Van Otterloo And Com Ltd Liability Com last reported 0.38% of its portfolio in the stock. Wedge L Lp Nc owns 506,422 shares or 0.19% of their US portfolio. Fishman Jay A Ltd Mi holds 0% of its portfolio in Delta Air Lines, Inc. (NYSE:DAL) for 22,900 shares. First Citizens National Bank & Trust Com accumulated 263,464 shares or 0.86% of the stock. Balyasny Asset Mngmt Ltd Liability Corp, a Illinois-based fund reported 36,904 shares. Euclid Advsrs Ltd Liability holds 24,390 shares or 0.04% of its portfolio. The New York-based Alliancebernstein L P has invested 0.38% in Delta Air Lines, Inc. (NYSE:DAL). Voloridge Inv Mgmt Limited Liability has 0.71% invested in the company for 680,576 shares. Moreover, Shinko Asset Mgmt Com Limited has 0% invested in Delta Air Lines, Inc. (NYSE:DAL) for 573 shares. Piedmont Investment Ltd Company last reported 0% of its portfolio in the stock. Regentatlantic Cap Ltd Liability Co accumulated 73,302 shares or 0.26% of the stock.

Insider Transactions: Since May 9, 2016, the stock had 2 insider buys, and 8 insider sales for $71.77 million net activity. ANDERSON RICHARD H had sold 912,000 shares worth $39.90M on Tuesday, May 17. Bastian Edward H also sold $2.06M worth of Delta Air Lines, Inc. (NYSE:DAL) on Wednesday, October 26. The insider Mattson George N bought $364,957. 1,853 shares were sold by Smith Joanne D, worth $75,047 on Wednesday, October 19. Shares for $173,627 were sold by Sear Steven M. $972,770 worth of Delta Air Lines, Inc. (NYSE:DAL) was bought by Jacobson Paul A. Meynard Craig M sold 3,500 shares worth $144,946.

Delta Air Lines, Inc. (NYSE:DAL) Ratings Coverage

Out of 14 analysts covering Delta Air Lines (NYSE:DAL), 11 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 79% are positive. Delta Air Lines has been the topic of 26 analyst reports since August 3, 2015 according to StockzIntelligence Inc. The stock has “Outperform” rating given by Credit Suisse on Tuesday, April 12. The stock of Delta Air Lines, Inc. (NYSE:DAL) earned “Outperform” rating by Cowen & Co on Wednesday, July 6. The stock of Delta Air Lines, Inc. (NYSE:DAL) has “Buy” rating given on Wednesday, October 5 by Buckingham Research. Deutsche Bank maintained the shares of DAL in a report on Monday, October 5 with “Buy” rating. Argus Research maintained the shares of DAL in a report on Wednesday, January 13 with “Buy” rating. Imperial Capital maintained Delta Air Lines, Inc. (NYSE:DAL) on Friday, October 14 with “In-Line” rating. On Friday, April 1 the stock rating was downgraded by Deutsche Bank to “Hold”. The firm has “Hold” rating given on Friday, July 15 by Evercore. Deutsche Bank maintained the shares of DAL in a report on Friday, July 15 with “Buy” rating. The rating was maintained by Morgan Stanley with “Overweight” on Thursday, April 28.

More notable recent Delta Air Lines, Inc. (NYSE:DAL) news were published by: Investorplace.com which released: “Delta Air Lines, Inc. Will Now Award Delta SkyMiles for Airbnb Stays” on November 03, 2016, also Fool.com with their article: “Delta Air Lines, Inc. Earnings: A Disappointing Summer” published on October 13, 2016, Fool.com published: “5 Highlights From Delta Air Lines Inc.’s Q3 Earnings Call” on October 18, 2016. More interesting news about Delta Air Lines, Inc. (NYSE:DAL) were released by: Reuters.com and their article: “US tentatively approves Delta-Aeromexico venture” published on November 04, 2016 as well as Bloomberg.com‘s news article titled: “How to Fly Even Higher Than First Class” with publication date: October 25, 2016.

DAL Company Profile

Delta Air Lines, Inc. incorporated on March 16, 1967, provides scheduled air transportation for passengers and cargo throughout the United States and around the world. The Company’s operates through divisions, including Airline Segment and Refinery Segment.

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