Business
Business

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.

Follow Kelly Yamanouchi on facebookFollow Kelly Yamanouchi on twitter
More Stories

Keep Reading

Among the many companies that could be affected by passage of the Trump bill is Qcells, the Korean-owned solar giant with a massive manufacturing presence in Georgia and just over 4,000 employees. (Miguel Martinez/AJC)

Credit: Miguel Martinez-Jimenez

‘Big, beautiful bill’ passage dims outlook for Georgia’s clean energy sectors

Georgia has been one of the top states for solar and electric vehicle manufacturing investment. Some warn that's at risk after passage of the "one big, beautiful bill."

Amid UPS struggles, shipper makes first-ever plans to offer buyouts to drivers

UPS said in a written statement it is navigating “an unprecedented business landscape.”

Firework shows: Inside the hours of work that go into your ‘oohs’ and ‘aahs’

What goes into the fireworks displays you'll enjoy around metro Atlanta this weekend? A ton of work, according to pyrotechnic pros who design and execute shows in Georgia.

The Latest

Home Depot plans to buy all GMS shares through a cash tender offer. (Wilfredo Lee/AP 2021)

Credit: AP

Home Depot makes $5.5B acquisition to increase business with pro contractors

Atlanta’s TNT Sports will no longer produce NBA TV programming

New site being studied for restaurants next to Mercedes-Benz Stadium

Featured

UPS driver Dan Partyka delivers an overnight package. As more people buy more goods online, the rapid and unrelenting expansion of e-commerce is causing real challenges for the Sandy-Springs based company. (Bob Andres/AJC 2022)

Credit: TNS

Amid UPS struggles, shipper makes first-ever plans to offer buyouts to drivers

UPS said in a written statement it is navigating “an unprecedented business landscape.”

Kneeling man impaled by giant straw? Towering mural leaves public mystified.

A towering mural on the side of the Connally Hotel has mystified Atlanta since 2011. Who is the kneeling man, and what's piercing him? Is it a beam of light? A drinking straw?

OPINION

I just graduated college. Will I be able to buy a house like my parents did?

A recent college grad asks: Am I going to be able to buy a home like my parents did less than 30 years ago?