SmarterDividends
DAL

Delta Air Lines, Inc.

DAL

Industrials · Airlines · Stock · quarterly payer

$79.26

Fairly valued · +4% Add to Portfolio

Forward Yield

1.09%

Annual Dividend

$0.86

Payout Ratio

16%

5-Yr Growth

-16.0%

Ex-Date

Oct 15, 2026

Frequency

Quarterly

Key facts about DAL's dividend

Data as of · Source: SmarterDividends data

  • As of Oct 23, 2026, Delta Air Lines, Inc. (DAL) has a forward dividend yield of 1.09%, based on an annual dividend of $0.86 per share and a share price of $79.26.
  • As of Oct 23, 2026, DAL's dividend safety grade from SmarterDividends is C (58 out of 100), which rates the dividend as borderline.
  • By SmarterDividends' count, Delta Air Lines, Inc. (DAL) has raised its dividend for 2 consecutive years as of Oct 23, 2026.
  • DAL last cut its regular dividend in 2024.
  • DAL's most recent ex-dividend date was Oct 15, 2026, for a dividend of $0.22 per share.
  • As of Oct 23, 2026, DAL pays out 16% of its trailing 12-month earnings as dividends (its payout ratio).
  • DAL's dividend has shrunk at an average rate of 16.0% a year over the past five years.
  • As of Oct 23, 2026, DAL's 1.09% yield is 20% above its five-year average yield of 0.91%.
  • As of Oct 23, 2026, SmarterDividends' blended fair-value estimate for DAL is $82.48 per share, 4% above the $79.26 share price, so DAL screens as fairly valued.
  • Delta Air Lines, Inc. (DAL) pays its dividend quarterly, 4 times a year.
  • Delta Air Lines, Inc. (DAL) has raised its regular dividend 9 times and cut it 0 times across the 41 payments on record since 2013. Its most recent change was a 14.4% increase to $0.215 per share, going ex-dividend on Jul 9, 2026.
Cite this page

SmarterDividends, "DAL Dividend: Yield, Safety Grade & Next Ex-Date," updated Oct 23, 2026, https://smarterdividends.com/stocks/DAL

Summary

As of Oct 23, 2026, Delta Air Lines, Inc. (DAL) yields 1.09% ($0.86 a year per share), has a dividend safety grade of C (58/100) and has 2 consecutive years of dividend increases on record.

Is DAL a good dividend stock?

Yes, with caveats

Delta Air Lines, Inc. (DAL) pays a quarterly dividend yielding 1.09% ($0.86/yr), with 2 years of growth and a dividend-safety grade of C. It's a solid income payer, but check the caveats below before buying.

Advantages

  • Comfortable payout ratio (16%)
  • 108% total price return over 5 years

Risks

  • Cut its dividend in 2024
  • Dividend has been shrinking, not growing

Key Data

Dividend Yield
1.09%
Payout Ratio
16%
Annual Dividend
$0.86
5-Yr Avg Growth
-16.0%
Ex-Dividend Date
Oct 15, 2026
Years of Growth
2
Frequency
quarterly
Beta
1.34
Market Cap
$52.1B
P/E Ratio
15.8
5-Yr Total Return
108%
52-Week Range
$55.03 – $95.68
Dividend Safety
C · 58/100
Ever Cut?
Yes (2024)

DAL dividend raises and cuts

Delta Air Lines, Inc. (DAL) has raised its regular dividend 9 times and cut it 0 times across the 41 payments on record since 2013. Its most recent change was a 14.4% increase to $0.215 per share, going ex-dividend on Jul 9, 2026.

Ex-dateChangeOld → newMove
Jul 9, 2026Raise$0.188 → $0.215+14.4%
Jul 31, 2025Raise$0.150 → $0.188+25.3%
Jul 30, 2024Raise$0.100 → $0.150+50.0%
Jul 24, 2019Raise$0.350 → $0.403+15.1%
Jul 25, 2018Raise$0.305 → $0.350+14.8%
Aug 21, 2017Raise$0.203 → $0.305+50.2%
Aug 10, 2016Raise$0.135 → $0.203+50.4%
Aug 5, 2015Raise$0.0900 → $0.135+50.0%
Aug 6, 2014Raise$0.0600 → $0.0900+50.0%
Every DAL payment →Download every raise and cut (CSV)
DAL ex-dividend date & scheduleNext ex-date Oct 15, 2026 · full ex-dividend historyView →DAL dividend historyEvery payment, totals by year, raises and cutsView →

Frequently Asked Questions

Is DAL a good dividend stock?

Yes, with caveats. Delta Air Lines, Inc. (DAL) pays a quarterly dividend yielding 1.09% ($0.86/yr), with 2 years of growth and a dividend-safety grade of C. It's a solid income payer, but check the caveats below before buying.

Is DAL undervalued?

Based on a blend of discounted cash flow, a dividend-discount model and an earnings-multiple estimate, DAL's fair value is about $82.48 versus a $79.26 share price — so it looks fairly valued (+4% vs. fair value).

Is DAL's dividend safe?

DAL has a dividend-safety grade of C (58/100), based on its payout coverage, free-cash-flow, 2-year growth streak, a dividend cut in 2024, debt and yield-versus-history.

What is DAL's fair value?

Our blended fair-value estimate for DAL is about $82.48 per share, roughly 4% above the current $79.26 price — combining a discounted cash flow, a dividend-discount model and an earnings multiple.

Is DAL a buy, hold, or sell?

We don't issue formal ratings, but on the data DAL screens as "yes, with caveats" and fairly valued. Delta Air Lines, Inc. (DAL) pays a quarterly dividend yielding 1.09% ($0.86/yr), with 2 years of growth and a dividend-safety grade of C. It's a solid income payer, but check the caveats below before buying. This is research for your own analysis, not investment advice.

Will DAL cut its dividend?

DAL earns a dividend-safety grade of C (58/100), and has cut its dividend before (last in 2024). A higher score means lower cut risk based on payout coverage, cash flow and history — but no score guarantees a dividend.

Does DAL pay a dividend?

Yes. Delta Air Lines, Inc. pays a quarterly dividend of about $0.86 per share annually, a forward yield of roughly 1.09%.

What is DAL's dividend yield?

As of Oct 23, 2026, DAL's forward dividend yield is 1.09%, based on a $0.86 annual dividend and a $79.26 share price.

What is DAL's dividend per share?

As of Oct 23, 2026, DAL pays $0.86 per share per year, distributed on a quarterly basis.

What is DAL's dividend payout ratio?

As of Oct 23, 2026, DAL's payout ratio is 16% of trailing 12-month earnings — a comfortable level that leaves room to keep raising the dividend.

How many years has DAL grown its dividend?

As of Oct 23, 2026, DAL has increased its dividend for 2 consecutive years.

When is the next DAL ex-dividend date?

As of Oct 23, 2026, DAL's next ex-dividend date hasn't been announced. The most recent was Oct 15, 2026, for $0.22 per share.

DAL Dividend News

DAL
IncreaseDAL·Aug 25, 2026

Delta Air Lines Raises Quarterly Dividend 14.4% to $0.215

Delta lifted its quarterly dividend 14.4% to $0.215, while a 12% earnings payout ratio supports coverage and the safety grade remains a borderline C.

Income Calculator

At $0.86 / yr per share

Per payment (quarterly)$21.50
Annual$86.00
Monthly avg$7.17

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