Delta Airlines 2014 Annual Report Download - page 27

Part II
ITEM 5. MARKET FOR REGISTRANT'S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND
ISSUER PURCHASES OF
EQUITY SECURITIES
Market Information
Our common stock is listed on the New York Stock Exchange ("NYSE"). The following table sets forth for the periods indicated the highest and
lowest sales price for our common stock as reported on the NYSE and dividends declared during these periods.
Holders
As of January 31, 2015, there were approximately 3,130 holders of record of our common stock.
Dividends
In the September 2013 quarter, our Board of Directors initiated a quarterly dividend program of $0.06 per share. In the September 2014 quarter, the
Board increased the quarterly dividend payment to $0.09 per share. Our ability to pay future dividends is subject to compliance with covenants in
several of our credit facilities. In addition, any future determination to pay cash dividends will be at the discretion of the Board of Directors, subject to
applicable limitations under Delaware law, and will be dependent upon our results of operations, financial condition, cash requirements, future
prospects and other factors deemed relevant by the Board of Directors.
22
Common Stock Cash Dividends Declared
(per share)
High Low
Fiscal 2014
Fourth Quarter
$
50.16
$
30.12
$
0.09
Third Quarter
$
40.97
$
34.59
$
0.09
Second Quarter
$
42.66
$
30.54
$
0.06
First Quarter
$
35.85
$
27.26
$
0.06
Fiscal 2013
Fourth Quarter
$
29.44
$
23.63
$
0.06
Third Quarter
$
24.10
$
18.30
$
0.06
Second Quarter
$
19.43
$
13.94
—
First Quarter
$
17.25
$
11.97
—