Delta Air Lines (DAL) Dividend History & Yield
Delta Air Lines (DAL) has increased its dividend for 3 consecutive years and currently yields 1.01%. The most recent dividend was $0.1875/share on Mar 19, 2026, paid Quarterly.
Current Yield
1.01%
TTM Dividend/Share
$0.75
Payment Frequency
Quarterly
Payout Ratio
10.9%
Consecutive Growth Years
3
Div Growth (1Y CAGR)
35.00%
Div Growth (5Y CAGR)
10.89%
Div Growth (10Y CAGR)
4.14%
Dividend health
Chowder score
11.9%
FCF payout ratio
3.3%
Net debt / EBITDA
0.9x
Interest coverage
8.84x
ROIC (TTM)
12.8%
Dividend Safety Score
4 out of 8 checks passed
Payout ratio below 75%
Payout ratio is 10.9%, well below the 75% threshold.
Free cash flow covers dividend
FCF/share ($5.93) covers dividend/share ($0.75).
No dividend cuts in 10+ years
1 dividend cut(s) in the last 10 years.
Positive earnings growth trend
Earnings per share have declined over the past 5 years.
10+ years of consecutive growth
Only 3 consecutive year(s) of dividend growth.
FCF payout ratio below 70%
FCF payout ratio is 3.3%, below the 70% threshold.
Net Debt/EBITDA below 3x
Net Debt/EBITDA is 0.9x.
Dividend growth ≤ earnings growth (5Y)
Earnings are negative while dividends are still growing — unsustainable.
Per-payment dividend history
Ex-date May 14, 2026
- Payment date
- Jun 4, 2026
- Dividend
- $0.1875
- Adj. dividend
- $0.1875
Ex-date Feb 26, 2026
- Payment date
- Mar 19, 2026
- Dividend
- $0.1875
- Adj. dividend
- $0.1875
Ex-date Oct 16, 2025
- Payment date
- Nov 6, 2025
- Dividend
- $0.1875
- Adj. dividend
- $0.1875
Ex-date Jul 31, 2025
- Payment date
- Aug 21, 2025
- Dividend
- $0.1875
- Adj. dividend
- $0.1875
Ex-date May 13, 2025
- Payment date
- Jun 3, 2025
- Dividend
- $0.1500
- Adj. dividend
- $0.1500
Ex-date Feb 27, 2025
- Payment date
- Mar 20, 2025
- Dividend
- $0.1500
- Adj. dividend
- $0.1500
Ex-date Oct 10, 2024
- Payment date
- Oct 31, 2024
- Dividend
- $0.1500
- Adj. dividend
- $0.1500
Ex-date Jul 30, 2024
- Payment date
- Aug 20, 2024
- Dividend
- $0.1500
- Adj. dividend
- $0.1500
Ex-date May 13, 2024
- Payment date
- Jun 4, 2024
- Dividend
- $0.1000
- Adj. dividend
- $0.1000
Ex-date Feb 23, 2024
- Payment date
- Mar 18, 2024
- Dividend
- $0.1000
- Adj. dividend
- $0.1000
Ex-date Oct 11, 2023
- Payment date
- Nov 2, 2023
- Dividend
- $0.1000
- Adj. dividend
- $0.1000
Ex-date Jul 14, 2023
- Payment date
- Aug 7, 2023
- Dividend
- $0.1000
- Adj. dividend
- $0.1000
| Ex-Date | Payment Date | Dividend | Adj. Dividend |
|---|---|---|---|
| May 14, 2026 | Jun 4, 2026 | $0.1875 | $0.1875 |
| Feb 26, 2026 | Mar 19, 2026 | $0.1875 | $0.1875 |
| Oct 16, 2025 | Nov 6, 2025 | $0.1875 | $0.1875 |
| Jul 31, 2025 | Aug 21, 2025 | $0.1875 | $0.1875 |
| May 13, 2025 | Jun 3, 2025 | $0.1500 | $0.1500 |
| Feb 27, 2025 | Mar 20, 2025 | $0.1500 | $0.1500 |
| Oct 10, 2024 | Oct 31, 2024 | $0.1500 | $0.1500 |
| Jul 30, 2024 | Aug 20, 2024 | $0.1500 | $0.1500 |
| May 13, 2024 | Jun 4, 2024 | $0.1000 | $0.1000 |
| Feb 23, 2024 | Mar 18, 2024 | $0.1000 | $0.1000 |
| Oct 11, 2023 | Nov 2, 2023 | $0.1000 | $0.1000 |
| Jul 14, 2023 | Aug 7, 2023 | $0.1000 | $0.1000 |
Historical Dividend Yield
Dividend Growth
Dividend Increase Track Record
Delta Air Lines has raised its total annual dividend (split-adjusted, by ex-dividend calendar year) versus the prior year for 3 consecutive years — the same figure as the "Consecutive Growth Years" card above.
| Year | Previous DPS | New DPS | Change |
|---|---|---|---|
| 2026 | $0.6750 | — | — |
| 2025 | $0.5000 | $0.6750 | +35.0% |
| 2024 | $0.2000 | $0.5000 | +150.0% |
| 2023 | $0.4025 | $0.2000 | -50.3% |
| 2020 | $1.5050 | $0.4025 | -73.3% |
| 2019 | $1.3100 | $1.5050 | +14.9% |
| 2018 | $1.0150 | $1.3100 | +29.1% |
| 2017 | $0.6750 | $1.0150 | +50.4% |
| 2016 | $0.4500 | $0.6750 | +50.0% |
| 2015 | $0.3000 | $0.4500 | +50.0% |
| 2014 | — | $0.3000 | — |
DPS sums split-adjusted amounts (adj. dividend) by ex-dividend calendar year—the same basis as the Adj. Dividend column in Dividend Payment History. The Dividend column can differ after stock splits. This table uses four decimals per annual total so the Change column matches the shown amounts; each payment row in Dividend Payment History also uses four.
Cash dividends paid (USD) — TTM and history
Trailing-twelve-month and annual common dividends paid for Delta Air Lines (DAL) from the consolidated cash flow statement, in USD as filed.
Latest period
$470.00M
YoY change
+37.1%
5Y CAGR
+11.1%
Peak year (2019)
$980.00M
Latest annual
$440.00M
Cash dividends paid over time for Delta Air Lines (DAL)
Per-period cash dividends paid
Cash dividends paid annual + quarterly history for Delta Air Lines (DAL)
| Fiscal year | Period ended | Reported | Dividends Paid | YoY | YoY change |
|---|---|---|---|---|---|
| 2025 | $440.00M | +37.1% | +$119.00M | ||
| 2024 | $321.00M | +150.8% | +$193.00M | ||
| 2023 | $128.00M | — | +$128.00M | ||
| 2022 | $0 | — | $0 | ||
| 2021 | $0 | -100.0% | -$260.00M | ||
| 2020 | $260.00M | -73.5% | -$720.00M | ||
| 2019 | $980.00M | +7.8% | +$71.00M | ||
| 2018 | $909.00M | +24.4% | +$178.00M | ||
| 2017 | $731.00M | +43.6% | +$222.00M | ||
| 2016 | $509.00M | +41.8% | +$150.00M | ||
| 2015 | $359.00M | +43.0% | +$108.00M | ||
| 2014 | $251.00M | +146.1% | +$149.00M | ||
| 2013 | $102.00M | — | +$102.00M | ||
| 2012 | $0 | — | $0 | ||
| 2011 | $0 | — | $0 | ||
| 2010 | $0 | — | $0 | ||
| 2009 | $0 | — | $0 | ||
| 2008 | $0 | -100.0% | -$15.00M | ||
| 2007 | $15.00M | — | +$15.00M | ||
| 2006 | $0 | — | $0 | ||
| 2005 | $0 | — | $0 | ||
| 2004 | $0 | -100.0% | -$19.00M | ||
| 2003 | $19.00M | -51.3% | -$20.00M | ||
| 2002 | $39.00M | -2.5% | -$1.00M | ||
| 2001 | $40.00M | 0.0% | $0 | ||
| 2000 | $40.00M | -4.8% | -$2.00M | ||
| 1999 | $42.00M | -2.3% | -$1.00M | ||
| 1998 | $43.00M | 0.0% | $0 | ||
| 1997 | $43.00M | -2.3% | -$1.00M | ||
| 1996 | $44.00M | -63.3% | -$76.00M | ||
| 1995 | $120.00M | 0.0% | $0 | ||
| 1994 | $120.00M | 0.0% | $0 | ||
| 1993 | $120.00M | -13.4% | -$18.50M | ||
| 1992 | $138.50M | +54.9% | +$49.10M | ||
| 1991 | $89.40M | +6.7% | +$5.60M | ||
| 1990 | $83.80M | — | — |
In 2025, Delta Air Lines (DAL) dividends paid totalled $440.00M – surged 37.1% year-over-year.
Through 2020–2025 (5 years), Delta Air Lines dividends paid delivered a +11.1% annualised rate; sustaining 3 straight years of year-over-year growth.
Delta Air Lines dividends paid plunged from $980.00M in 2019 to $440.00M in 2025, a 55.1% drawdown.
The highest annual dividends paid of $980.00M was reported in 2019. The lowest in the available history was $0 in 2004.
Within Industrials, Delta Air Lines (DAL) ranks 8th among 8 peers we track. The peer median for dividends paid is $2.23B.
Delta Air Lines Dividends Paid 2025: $440.00M
Delta Air Lines dividends paid in 2025 was $440.00M, surged 37.1% from 2024.
Delta Air Lines Dividends Paid 2024: $321.00M
Delta Air Lines dividends paid in 2024 was $321.00M, surged 150.8% from 2023.
Delta Air Lines Dividends Paid 2023: $128.00M
Delta Air Lines dividends paid in 2023 was $128.00M.
Delta Air Lines Dividends Paid 2022: $0
Delta Air Lines dividends paid in 2022 was $0.
Delta Air Lines Dividends Paid 2021: $0
Delta Air Lines dividends paid in 2021 was $0.
See more financial history for Delta Air Lines (DAL).
Sector peers by dividends paid
Companies in the same sector as Delta Air Lines, ranked by their latest dividends paid.
| Company | Dividends Paid | Sector |
|---|---|---|
| RTX (RTX) | $3.57B | Industrials |
| Union Pacific (UNP) | $3.24B | Industrials |
| Honeywell International (HON) | $2.98B | Industrials |
| Caterpillar (CAT) | $2.75B | Industrials |
| Deere & Company (DE) | $1.72B | Industrials |
| Eaton Corporation (ETN) | $1.63B | Industrials |
| GE Aerospace (GE) | $1.45B | Industrials |
| Boeing (BA) | $0 | Industrials |
Frequently asked questions
Does Delta Air Lines pay dividends?
Yes, Delta Air Lines (DAL) pays quarterly dividends of approximately $0.75 per share annually, yielding 1.01%.
What is Delta Air Lines's dividend yield?
Delta Air Lines (DAL) has a current dividend yield of 1.01%.
Is Delta Air Lines's dividend safe?
Delta Air Lines (DAL) passes 4 out of 8 dividend safety checks. See the detailed breakdown above for each criterion.
How many consecutive years has Delta Air Lines increased its dividend?
Delta Air Lines (DAL) has 3 consecutive years of dividend increases.
What is Delta Air Lines's dividend payout ratio?
Delta Air Lines (DAL) has a dividend payout ratio of 10.9%. Trailing twelve months (GAAP): adjusted dividends over roughly 12 months aligned with the latest reported quarter, divided by the sum of diluted EPS from the last four fiscal quarters (not NII or taxable income for BDCs/REITs).
What is Delta Air Lines's dividends paid?
Latest reported dividends paid for Delta Air Lines (DAL) is $470.00M (period ending March 31, 2026).
How has Delta Air Lines dividends paid changed year-over-year?
Delta Air Lines (DAL) dividends paid changed +37.1% year-over-year on the latest annual filing.
What is the long-term growth rate of Delta Air Lines dividends paid?
Delta Air Lines (DAL) dividends paid compound annual growth rate is +11.1% over the most recent 5 years available.
When did Delta Air Lines dividends paid hit its highest annual value?
Delta Air Lines dividends paid reached its highest annual value of $980.00M in 2019.
What was Delta Air Lines dividends paid in 2024?
Delta Air Lines (DAL) dividends paid in 2024 was $321.00M.
What was Delta Air Lines dividends paid in 2025?
Delta Air Lines (DAL) dividends paid in 2025 was $440.00M.
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