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Delta resumes quarterly dividend payment that was suspended in March 2020 due to pandemic

Clyde Edgerton by Clyde Edgerton
June 15, 2023
in Markets
Delta resumes quarterly dividend payment that was suspended in March 2020 due to pandemic
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Delta Air Lines Inc. DAL said Thursday it’s resuming the payment of a quarterly dividend some three years after it suspended the program in March of 2020 during the pandemic. The carrier said it will pay a dividend of 10 cents a share on Aug. 7 to shareholders of record as of July 17. The move comes after the company repaid more than $10 billion of debt in the last two years. The stock has gained 28% in the year to date, while theJU.S. Global JETS ETF JETS has gained 19% and the S&P 500 SPX has gained 14%.

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