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Data last updated: Aug 17, 2026
Snapshot (as of Aug 17, 2026): Delta Air Lines, Inc. (DAL) pays a $0.78 annual dividend ($0.21 quarterly), yielding 0.87% at $88.90/share. Next ex-dividend date 2026-07-09. Source: Yahoo Finance, aggregated by MerryDiv.
Dividend Yield: 0.87%
Annual Dividend: $0.78 per share
Payout Ratio: 12.7%
Ex-Dividend Date: 2026-07-09
Dividend Frequency: quarterly
Sector: Industrials
Years of Dividend History: 12
Delta Air Lines, Inc. pays a dividend while operating one of the largest air transportation networks in the world, connecting passengers and cargo across the U.S. and internationally through hubs in Atlanta, New York, and London-Heathrow. The current dividend yield is 0.92%, with a trailing annual dividend rate of $0.7775 per share paid quarterly. The next ex-dividend date is July 9, 2026. With a beta of 1.288, DAL stock carries above-average price volatility, which shapes its appeal more toward growth-oriented dividend investors than those seeking steady income.
Delta Air Lines, Inc. pays out 12.7% of earnings as dividends, a payout ratio classified as conservative (below 40%). That low payout leaves substantial room to sustain the dividend even if earnings come under pressure from fuel costs, demand shifts, or operational disruptions across its fleet of approximately 1,314 aircraft. Delta Air Lines, Inc. dividend safety benefits from that wide earnings cushion, but the airline industry's exposure to cyclical demand and external shocks is the most significant data-supported risk to the payout. A beta of 1.288 reinforces that DAL is not a low-volatility income holding.
Delta Air Lines, Inc. dividend history shows a CAGR of 7.7% per year from 2014 to 2025. The per-share annual dividend grew from $0.30 in 2014 to $0.675 in 2025 (2026 is a partial year and excluded from the CAGR calculation). The largest annual increase in the window was 50.4% in 2017. The history also contains at least one year-over-year decline exceeding 5%, so growth has not been linear, and income investors should weigh that interruption against the longer-term trend.
| Period | CAGR | From | To |
|---|---|---|---|
| 3-Year | +18.8% | $0.40 (2020) | $0.68 (2025) |
| 5-Year | -12.4% | $1.31 (2018) | $0.68 (2025) |
| 10-Year | +18.9% | $0.12 (2013) | $0.68 (2025) |
DAL fits dividend investors who prioritize earnings coverage over yield size. The yield is low (below 2%) at 0.92%, and the 5-year average yield of 0.54% shows the current yield is actually above its own historical norm, which reflects recent dividend reinstatement progress rather than a structurally higher payout. The 12.7% payout ratio is the defining strength here: the dividend is well-covered. The trade-off is clear. Income-focused investors get a conservatively funded payout from a major global airline, but the yield is modest and the dividend history includes a significant cut, so this is not a set-and-forget income holding.
| Payment Date | Amount per Share |
|---|---|
| 2026-07-09 | $0.2150 |
| 2026-05-14 | $0.1875 |
| 2026-02-26 | $0.1875 |
| 2025-10-16 | $0.1875 |
| 2025-07-31 | $0.1875 |
| 2025-05-13 | $0.1500 |
| 2025-02-27 | $0.1500 |
| 2024-10-10 | $0.1500 |
| 2024-07-30 | $0.1500 |
| 2024-05-13 | $0.1000 |
| Year | Total Dividends |
|---|---|
| 2026 | $0.5900 |
| 2025 | $0.6750 |
| 2024 | $0.5000 |
| 2023 | $0.2000 |
| 2020 | $0.4025 |
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