Delta raises dividend, plans wrap up of repurchase program
Delta Air Lines said it would boost its annual dividend and finish off a U$5b stock-buyback program in May of next year. The airline said it would increase the annual dividend to 81 cents from 54 cents beginning in the September quarter, marking the third consecutive 50% increase to the payment since 2013. Delta also said it would wrap up its latest stock-repurchase plan, launched last year, by making $3b in purchases in the coming year. The airline unveiled a $5b authorisation in May of 2015. Delta said it plans to make $375m in accelerated share repurchases during the quarter ending in June. The company has a market valuation of roughly $32b. Delta said it ended the year with 209.6b miles flown by paying passengers, up 3.3% from the prior year. <br/>
https://portal.staralliance.com/cms/news/hot-topics/2016-05-17/sky/delta-raises-dividend-plans-wrap-up-of-repurchase-program
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Delta raises dividend, plans wrap up of repurchase program
Delta Air Lines said it would boost its annual dividend and finish off a U$5b stock-buyback program in May of next year. The airline said it would increase the annual dividend to 81 cents from 54 cents beginning in the September quarter, marking the third consecutive 50% increase to the payment since 2013. Delta also said it would wrap up its latest stock-repurchase plan, launched last year, by making $3b in purchases in the coming year. The airline unveiled a $5b authorisation in May of 2015. Delta said it plans to make $375m in accelerated share repurchases during the quarter ending in June. The company has a market valuation of roughly $32b. Delta said it ended the year with 209.6b miles flown by paying passengers, up 3.3% from the prior year. <br/>
