Dallas, Texas 08/07/2013 (Financialstrend) – On August 07, 2013, Delta Air Lines, Inc. (NYSE:DAL) will start trading ex-dividend. A cash dividend payment of $0.06 per share is planned to be paid. Shareholders who purchased DAL stock prior to the ex-dividend date are suitable for the cash dividend compensation. At the recentshare price of $21.71, the dividend yield is .28%.
According to its latest quarterly earnings report, its operating proceedspersistedunaffected, but due to falling costs of operation in the fuel and maintenance areas, its net revenue surged from a net loss of $168 million that is $0.20 per share for the same quarter last year, to a net profit of $685 million that is $0.81 per share.
Even though debt levels are still high at $10.2 billion, debt has been reduced by approximately $7 billion since 2009. This is applicable because the transporter has protected $43 million in interest per year. Furthermorethe firm is committed to reduce its total debt by year 2017to $7 billion. Delta Air Lines, Inc. (NYSE:DAL)produced $730 million in free cash flow in the previous quarter, andin the first half of 2013 the free cash flow was $1.2 billion. This displays a strong balance sheet, and the firm should not have issues paying its duties. In May, the carrier executed a $1 billion share repurchase program, and it will repay over $50 million to stockholders in the form of dividends. The transporterprovides $0.24 per share or 1% dividend to the stockholders.
Delta Air Lines, Inc. (NYSE:DAL) decreased by 3.36% to close at $20.98 per share on Tuesday, with the opening price at $21.71 per share. The company had through the day moved in range of $20.97 to $21.75 per share. With 856.55 million outstanding shares in the market, the stock has 83% institutional ownership of capital and $17.97 billion market capitalization. The 52 week low is at $8.42 and 52 week high is at $22.05 per share. There were 6.92 million shares of trading in the company’s stock on Tuesday and the average volume is at 8.68 million shares per day.