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Delta increases dividend, stock buyback

Delta said it is increasing its quarterly dividend from 6 cents a share to 9 cents a share (AJC)
Delta said it is increasing its quarterly dividend from 6 cents a share to 9 cents a share (AJC)
By
May 6, 2014

Atlanta-based Delta Air Lines announced Tuesday it is increasing its dividend for shareholders and buying back more stock, a sign of its recent strong financial footing enabling it to pay back shareholders.

Delta said it is increasing its quarterly dividend from 6 cents a share to 9 cents a share. And, its board authorized a new $2 billion stock buyback program.

The company said it is on track to return $700 million to shareholders by early June 2014.

Meanwhle, Delta continues efforts to pay down debt and pension liabilities.

About the Author

As business team lead, Kelly Yamanouchi edits and writes business stories. She graduated from Harvard and has a master's degree from Northwestern.

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