Delta Air Lines,
Inc., AKA Delta Airlines, is a cargo and passenger airline carrier. It
provides air transportation to customer all over the US and across the globe. The
company, which is traded under the DAL Stock Symbol, operates
through two different business segments: airline and refinery.
The Atlanta, GA-based enterprise was founded in 1928 by
Collett Everman Woolman. Since then, it has taken on other business ventures,
such as: vacation wholesale operations, aircraft maintenance, repair and
overhaul (MRO), third-party staffing services and private jet operations.
In recent Delta Airline Stock news,
it was reported that the company once again increased its dividend within one
year of enhancing the returns of its shareholders. This was done by authorizing
a new $2 billion “share repurchase program.” The main purpose was to regain the
confidence of its investors.
Delta’s share buyback program is
expected to come to completion in 2016. It plans to return money to its shareholders
the tune of $2.75 billion by year ending, 2016. This DAL Stock news helped to increase Tuesday’s Delta Airline Stock
Share Price by 0.4% on New
York Stock Exchange (NYSE).
The DAL Stock Price today is currently $37.57 on NYSE. This 0.34% drop
equals out to a decrease $0.13 per share. With an average volume of 2,335,828,
Delta Airlines stock has a 52-week
high of $38.64 and a 52-week low of $16.94. Such a program is expected to
drastically increase shareholder confidence, increasing the DAL Stock Share
Price in the process.
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