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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.

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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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