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Delta Air Lines Inc To Pay Dividend, Begin Share Repurchase Program-Reuters


Wednesday, 8 May 2013 09:10am EDT 

Reuters reported that Delta Air Lines Inc will start paying a dividend and launch a $500 million share buyback program, the Company said on May 08, 2013. It declared a quarterly dividend of 6 cents a share, to be paid September 10 to shareholders of record August 9. Its board also approved a share repurchase program of $500 million, due to be completed by June 30, 2016. Delta, which has improved profits and reduced debt in recent years, last paid a common stock dividend in 2003. Its last share buyback plan was in 2000. 

Company Quote

37.68
-0.51 -1.34%
29 Jul 2014