Delta Air Lines DAL-N 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 on July 17, the carrier said.
The resumption of the payout reflects Delta’s progress on its three-year financial plan, the company said.
The move comes as Delta forecast that strong summer travel demand will result in higher-than-expected profit for the quarter through June.