Delta Air Lines, Inc. (NYSE:DAL) is one of the high-growth, low P/E stocks to buy now. On February 4, the Delta Air Lines, Inc. (NYSE:DAL) board approved a quarterly dividend of $0.1875. The dividend is to be paid on March 19, 2026, to shareholders of record as of February 26, 2026. The company has increased its dividend payments for 3 consecutive years, with 25% growth in the past year.
Pixabay/Public Domain
Earlier, on January 27, Delta Air Lines reiterated its plans to expand and modernize its international fleet. The company confirmed plans to purchase 31 Airbus wide-body jets as it seeks to address strong demand from corporate and high-income travelers.
The airline has already placed orders for 16 A330-900s and 15 A350-900s, with deliveries scheduled for 2029. In addition, the new deal combines a new order that will result in the conversion of 10 previously held options into firm purchases. It also includes options for 20 additional wide-body aircraft. The new aircraft are to be used for medium and long-haul flights.
The new orders come as Delta Airlines increasingly leans towards newer, more fuel-efficient aircraft that reduce fuel burn. It is also in the process of replacing older Boeing 767s and early-generation Airbus A330s. The push is part of an effort to capitalize on resilient premium international demand.
Delta Air Lines, Inc. is a major American airline providing scheduled air transportation for passengers and cargo across a vast global network. It operates thousands of daily flights to hundreds of destinations, specializing in passenger travel, cargo logistics, aircraft maintenance, and vacation packages.
READ NEXT: Goldman Sachs Penny Stocks: Top 12 Stock Picks and 12 Best Long-Term Stocks to Invest in for Retirement.
This article is originally published at Insider Monkey.
