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LUVSouthwest Airlines Co.

Dividends

Dividend payments are $0.72 per share, with a current dividend yield of 1.41%.

LUV Dividend Summary

Consecutive Years

0

Most Recent Ex-Date

Jun 11, 2026

Next Payment Date

Jul 2, 2026

LUV Dividends per Share (Nominal History)

View full nominal table list

This step chart displays the nominal dividend payouts over time on their actual payment dates, matching the distribution frequency.

LUV Dividends CAGR Chart

Southwest Airlines Co. (LUV)

Annual Dividend History

YearDividend/ShareYoY Growth
2026(YTD)$0.36
2025$0.72+0.00%
2024$0.72N/A
2023$0.90N/A
2020$0.18N/A
2019$0.70+15.70%
2018$0.61+27.37%
2017$0.47+26.67%
2016$0.38+31.58%
2015$0.29+29.55%
2014$0.22+69.23%
2013$0.13+276.81%
2012$0.03+91.67%
2011$0.02+0.00%
2010$0.02+0.00%
2009$0.02+0.00%
2008$0.02+0.00%
2007$0.02+0.00%
2006$0.02+0.00%
2005$0.02+0.00%

Quarterly Dividend History

QuarterDividend/ShareYoY Growth
Q2 2026$0.18+0.00%
Q1 2026$0.18+0.00%
Q4 2025$0.18+0.00%
Q3 2025$0.18+0.00%
Q2 2025$0.18+0.00%
Q1 2025$0.18+0.00%
Q4 2024$0.18+0.00%
Q3 2024$0.18+0.00%
Q2 2024$0.18+0.00%
Q1 2024$0.18
Q4 2023$0.18
Q3 2023$0.18
Q2 2023$0.18
Q1 2023$0.36
Q1 2020$0.18+12.50%
Q4 2019$0.18+12.50%
Q3 2019$0.18+12.50%
Q2 2019$0.18+12.50%
Q1 2019$0.16+28.00%
Q4 2018$0.16+28.00%
Q3 2018$0.16+28.00%
Q2 2018$0.16+28.00%
Q1 2018$0.13+25.00%
Q4 2017$0.13+25.00%

Dividend Yield Metrics

Current Yield
1.41%
Average Yield (TTM)
1.41%
Average Yield (3Y)
1.53%
Forward Yield on Cost (3Y)
1.45%
Forward Yield on Cost (5Y)
1.48%
Forward Yield on Cost (10Y)
1.55%

Payout Ratio Analysis

Payout Ratio (Current)
46.45%
FCF Payout Ratio
N/A
Payout Ratio (3Y Avg)
95.93%
Payout Ratio (5Y Avg)
63.65%
FCF Payout (3Y Avg)
13.87%
FCF Payout (5Y Avg)
13.95%

Dividend Coverage

Payout Ratio
46.4%
Dividends / net income
FCF Payout Ratio
N/A
Dividends / free cash flow
Consecutive Years
N/A
Years with regular dividend payments
5Y Dividend Growth
32.0%
Compound annual dividend growth

About Southwest Airlines Co.

Southwest Airlines Co. functions as a passenger airline, offering scheduled air travel services predominantly across the United States and to select neighboring international markets. As of December 31, 2021, the company maintained a consistent fleet of 728 Boeing 737 aircraft. Its extensive route network served 121 different locations, spanning 42 U.S. states, the District of Columbia, and the Commonwealth of Puerto Rico, along with 10 international countries close by. These international destinations include Mexico, Jamaica, the Bahamas, Aruba, the Dominican Republic, Costa Rica, Belize, Cuba, the Cayman Islands, and Turks and Caicos. To enhance the passenger journey, Southwest provides in-flight entertainment and internet access on its Wi-Fi-enabled planes. The airline also runs the Rapid Rewards loyalty program, enabling members to accumulate points proportional to the money spent on Southwest's base fares. For customer convenience in travel planning, the company offers a range of digital tools, including its official websites and mobile applications, as well as SWABIZ, a dedicated online booking platform for business clients. Additional services available include EarlyBird Check-In, preferred boarding options, and transportation for pets and unaccompanied minors. The company was founded in 1967 and its corporate headquarters are situated in Dallas, Texas.

Dallas, TX
71,506 employees
Industrials / Airlines, Airports & Air Services
Sector
Industrials
Industry
Airlines, Airports & Air Services
CEO
Robert E. Jordan