7 May 2014
Delta Airline´s (NYSE: DAL) board of directors said it has announced the next phase of the company´s plans to return capital to shareholders, including a 50 percent increase to its dividend and a new share repurchase authorization.
The board has authorized a new USD2bn share repurchase program, to be completed no later than Dec. 31, 2016. In addition, beginning in the September 2014 quarter, the company´s quarterly dividend will increase to USD0.09 per share from the current USD0.06 per share. Together, these two programs are expected to return an additional USD2.75bn to shareholders through 2016.
Delta Air Lines serves nearly 165 million customers each year. Additional information is available on delta.com, Twitter @Delta, Google.com/+Delta, Facebook.com/delta and Delta´s blog takingoff.delta.com.