Delta Air Lines Inc.’s board voted to restart the company’s quarterly dividend, which was suspended in March 2020 at the outset of the coronavirus pandemic.
The 10-cents-a-share payout “reflects Delta’s progress on its three-year financial plan,” the Atlanta-based carrier said in a statement Thursday. Delta joined other carriers in suspending dividends and share buybacks as air travel nearly ground to a halt early in the pandemic.
Delta’s shares traded down less than 1% as of 8:03 a.m. before regular trading in New York. The stock climbed 28% this year through Wednesday’s close, outpacing the S&P 500 Index.
