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Data last updated: Oct 02, 2026
Snapshot (as of Oct 02, 2026): Delta Air Lines, Inc. (DAL) pays a $0.78 annual dividend ($0.21 quarterly), yielding 0.92% at $84.21/share. Next ex-dividend date 2026-10-15. Source: Yahoo Finance, aggregated by MerryDiv.
Dividend Yield: 0.92%
Annual Dividend: $0.78 per share
Payout Ratio: 12.7%
Ex-Dividend Date: 2026-10-15
Dividend Frequency: quarterly
Sector: Industrials
Years of Dividend History: 12
Delta Air Lines, Inc. pays a dividend, but income is not the main draw here. The current yield sits at 0.97%, with a trailing annual rate of $0.7775 per share paid quarterly, and the next ex-dividend date falls on July 9, 2026. DAL operates a fleet of roughly 1,314 aircraft across domestic hubs in Atlanta, Detroit, and New York, plus international hubs spanning London, Tokyo, and Seoul. With a beta of 1.311, this is a cyclically sensitive airline stock, better suited to investors who accept volatility in exchange for dividend growth potential.
Delta Air Lines, Inc. pays out 12.7% of earnings as dividends, a payout ratio classified as conservative (below 40%). That low figure means the company retains the vast majority of earnings, leaving meaningful room to sustain the current payment even if profitability dips. Delta Air Lines, Inc. dividend safety is supported by that cushion, but the airline industry's exposure to fuel costs, travel demand cycles, and macroeconomic swings is the most significant data-supported pressure point. A beta of 1.311 reflects that sensitivity, and the history table already shows one period where the dividend was cut sharply.
Delta Air Lines, Inc. dividend history shows a CAGR of 7.7% per year from 2014 to 2025. Per-share payments grew from $0.30 in 2014 to $0.675 in 2025 (2026 is a partial year and excluded from the growth calculation). The largest annual increase in the window was 50.4% in 2017, though the history also contains at least one year-over-year decline exceeding 5%, which reflects the airline sector's vulnerability to demand shocks. Two consecutive years of increases have followed the restart, but the streak is short.
| 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 stock fits dividend investors who prioritize growth potential over current income. The yield is low (below 2%) at 0.97%, and the 5-year average yield of 0.57% shows the current level is actually above its own historical norm, which is a meaningful shift. The payout ratio of 12.7% keeps the dividend well-covered, but the airline business introduces real cyclical risk, as the history table confirms. What an investor gets here is a low-yield, low-payout stock with a 7.7% annual growth rate over the long window, and what they accept is a dividend that has been cut before and operates in one of the more economically sensitive industries.
| Payment Date | Amount per Share |
|---|---|
| 2026-10-15 | $0.2150 |
| 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 |
| Year | Total Dividends |
|---|---|
| 2026 | $0.8050 |
| 2025 | $0.6750 |
| 2024 | $0.5000 |
| 2023 | $0.2000 |
| 2020 | $0.4025 |
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