Delta Air Lines said on Thursday it would pay a quarterly dividend, resuming a payout that the carrier had suspended in March 2020 during the COVID-19 pandemic.
The dividend, of $0.10 per share, will be paid on Aug. 7 to shareholders of record as of the close of business July 17, the U.S. airline said.
In December, Southwest Airlines became the first major U.S. airline to reinstate its quarterly dividend, more than two years after suspending it in the wake of the pandemic.
The resumption of Delta’s payout reflects its progress on its three-year financial plan, the airline said, including more than $10 billion of debt repayment over the last two years….