Delta Air Lines Insider Makes Significant Stock Purchase
In this article, we explore findings from the latest Dividend Channel ”DividendRank” report, focusing on companies that have seen insider buying within the last six months. Typically, when company officers or directors buy stock, it signals their confidence in the company’s future. One notable example is Delta Air Lines Inc (Symbol: DAL), where Director Willie CW Chiang has recently made a substantial investment.
On July 12, Chiang invested $438,967.00 to purchase 10,000 shares of DAL at $43.90 each. As of Wednesday, shares traded as low as $53.20, representing a 21.2% increase over Chiang’s purchase price. Additionally, since the purchase, he has earned $0.30 per share in dividends, bringing his total return to 21.9%. On the day of this report, Delta’s shares rose by 4.25%. The accompanying chart illustrates DAL’s performance over the past year in relation to its 200-day moving average:
DAL has a 52-week price range, with a low of $30.60 and a high of $55.405. The latest trade was at $54.90. A summary of the insider buying over the past six months is shown in the table below:
| Purchased | Insider | Title | Shares | Price/Share | Value |
|---|---|---|---|---|---|
| 05/01/2024 | Willie CW Chiang | Director | 10,000 | $49.50 | $494,955.00 |
| 07/12/2024 | Willie CW Chiang | Director | 10,000 | $43.90 | $438,967.00 |
The DividendRank report highlighted DAL’s appealing valuation and solid profitability metrics. It also noted Delta Air Lines Inc’s strong quarterly dividend history and robust multi-year growth rates in key areas.
The report stated, ”Dividend investors seeking value typically focus on companies with strong profitability that are trading at attractive valuations. Our proprietary DividendRank formula helps identify such companies, providing a list of stocks worth further research.”
Delta Air Lines Inc currently pays an annual dividend of $0.60 per share, distributed quarterly. The most recent ex-dividend date was on October 10, 2024. Below is a chart illustrating DAL’s long-term dividend history, which the report emphasizes as important for assessing future dividend reliability:
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Also see:
• MYA Historical Stock Prices
• Top Ten Hedge Funds Holding CMF
• QIWI shares outstanding history
The views and opinions expressed herein are those of the author and do not necessarily reflect the views of Nasdaq, Inc.
