By Stephen Nakrosis
Delta Air Lines said its board has authorized a new, $1 billion share repurchase program, which is to be completed no later than June 30, 2028.
The authorization reflects the board's confidence in Delta's durable financial foundation, the company said Thursday.
When combined with its 15 cents-per-share current quarterly dividend, Delta plans to return over $2 billion to shareholders over the next three years, it said.
Delta has a market cap of $27.18 billion, 652.96 million shares outstanding, and a public float of 650.23 million shares.
The stock finished the day's regular session basically flat, at $41.50. Year to date, shares are down by over 18%.
Write to Stephen Nakrosis at stephen.nakrosis@wsj.com
(END) Dow Jones Newswires
May 01, 2025 18:06 ET (22:06 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
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