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Delta resumes dividend after suspension during pandemic

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(Reuters) - Delta Air Lines 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 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.

(Reporting by Aishwarya Nair in Bengaluru; Editing by Savio D'Souza)

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