Delta Air Lines Resumes Dividend Payment After Three Year Suspension
Portfolio Pulse from Lekha Gupta
Delta Air Lines (NYSE:DAL) has resumed dividend payments after a three-year suspension due to the COVID-19 pandemic. The company declared a quarterly dividend of $0.10 per share, payable on August 7, 2023. This move reflects Delta's progress on its three-year financial plan, which includes over $10 billion in debt repayment.
June 15, 2023 | 3:08 pm
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POSITIVE IMPACT
Delta Air Lines resumes dividend payments after a three-year suspension, reflecting progress on its financial plan and debt repayment.
The resumption of dividend payments indicates Delta's financial stability and progress on its three-year financial plan. This positive news is likely to boost investor confidence and have a short-term positive impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100