Delta Air Lines, Inc.
DALIndustrials · Stock · quarterly payer
Forward Yield
1.07%
Annual Dividend
$0.86
Payout Ratio
12%
5-Yr Growth
-16.0%
Ex-Date
Jul 9, 2026
Frequency
Quarterly
Summary
As of September 2026, Delta Air Lines, Inc. (DAL) yields 1.07% ($0.86 per share annually), with a blended fair-value estimate of $116.71 — +46% upside, so it screens as undervalued. Dividend safety grade: C (58/100). 2 years of dividend growth.
Is DAL a good dividend stock?
Yes, with caveatsDelta Air Lines, Inc. (DAL) pays a quarterly dividend yielding 1.07% ($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 (12%)
- 88% total price return over 5 years
Risks
- Cut its dividend in 2024
- Dividend has been shrinking, not growing
Key Data
- Dividend Yield
- 1.07%
- Payout Ratio
- 12%
- Annual Dividend
- $0.86
- 5-Yr Avg Growth
- -16.0%
- Ex-Dividend Date
- Jul 9, 2026
- Years of Growth
- 2
- Frequency
- quarterly
- Beta
- 1.29
- Market Cap
- $52.7B
- P/E Ratio
- 13.3
- 5-Yr Total Return
- 88%
- 52-Week Range
- $55.03 – $95.68
- Dividend Safety
- C · 58/100
- Ever Cut?
- Yes (2024)
Frequently Asked Questions
DAL Price — Last 12 Months
Daily close
Price Return
1 Year
+41%
3 Years
+117%
5 Years
+88%
52-Week Range
$55.03 – $95.68
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is DAL worth?
Undervaluedlow confidenceOur blended fair-value estimate for Delta Air Lines, Inc. is $116.71 per share, versus a market price of $80.17. That implies 46% of upside — a margin of safety of about 31%.
Fair Value
$116.71
Current Price
$80.17
Upside
+46%
Margin of Safety
31%
How we get there
Discounted cash flow
Discounts projected free cash flow back to today.
Earnings multiple (Graham)
Graham's earnings-multiple formula, anchored to bond yields.
At today's price, the market is pricing in about 40.0% annual free-cash-flow growth. We model 16.9% — so the price already assumes faster growth than we think is likely.
Assumptions: 10.8% discount rate (CAPM), 16.9% stage-1 growth, 2.5% terminal growth, $6.03 EPS, $0.86 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
DAL Dividend Safety Score
Borderline
SmarterDividends' proprietary score, backtested against which dividends were actually cut over 15+ years (0.78 AUC). It blends a validated cut-risk model (growth streak, cut history) with current payout, cash-flow and debt. Higher is safer · not investment advice.
Dividend Growth
Total dividends per share by year
Dividend History
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| Jul 9, 2026 | — | $0.2150 | regular |
| May 14, 2026 | — | $0.1880 | regular |
| Feb 26, 2026 | — | $0.1880 | regular |
| Oct 16, 2025 | — | $0.1880 | regular |
| Jul 31, 2025 | — | $0.1880 | regular |
| May 13, 2025 | — | $0.1500 | regular |
| Feb 27, 2025 | — | $0.1500 | regular |
| Oct 10, 2024 | — | $0.1500 | regular |
| Jul 30, 2024 | — | $0.1500 | regular |
| May 13, 2024 | — | $0.1000 | regular |
| Feb 23, 2024 | — | $0.1000 | regular |
| Oct 11, 2023 | — | $0.1000 | regular |
| Jul 14, 2023 | — | $0.1000 | regular |
| Feb 19, 2020 | — | $0.4030 | regular |
Income Calculator
At $0.86 / yr per share
