Dividend Payout Ratio: 46.45%
Is the dividend payout ratio high or low?
The dividend payout ratio of 46.45% is 52% below its 4-year average of 97.24%, near the low end of its 4-year range (0.00%–600.01%).
As of Thursday, June 25, 2026. 49.72% below its 12-month average of 92.37%.
Dividend Payout Ratio (46.45%) = TTM Dividends/Share ($0.72) / TTM EPS ($1.55)
LUV Dividend Payout Ratio (TTM) Chart
LUV Average Dividend Payout Ratio Chart
LUV Current vs Average Dividend Payout Ratio Chart
LUV Dividend Payout Ratio Metrics
DIVIDEND PAYOUT RATIO
46.45%
DIVIDEND PAYOUT RATIO AVG TTM
92.37%
DIVIDEND PAYOUT RATIO AVG 3Y
93.61%
DIVIDEND PAYOUT RATIO AVG 5Y
63.93%
DIVIDEND PAYOUT RATIO AVG 10Y
39.50%
DIVIDEND PAYOUT RATIO AVG 15Y
10.74%
DIVIDEND PAYOUT RATIO AVG 20Y
8.91%
CURRENT VS TTM AVG
-49.72%
CURRENT VS 3Y AVG
-50.38%
CURRENT VS 5Y AVG
-27.35%
CURRENT VS 10Y AVG
+17.58%
CURRENT VS 15Y AVG
+332.43%
CURRENT VS 20Y AVG
+421.41%
Annual Payout Ratio History
| Year | EPS | Dividend | Payout Ratio |
|---|---|---|---|
| 2025 | $0.82 | $0.72 | 87.8% |
| 2024 | $0.81 | $0.72 | 88.9% |
| 2023 | $0.81 | $0.90 | 111.1% |
| 2022 | $0.91 | $0.00 | 0.0% |
| 2021 | $1.65 | $0.00 | 0.0% |
| 2020 | ($5.44) | $0.18 | N/A (Loss) |
| 2019 | $4.28 | $0.70 | 16.4% |
| 2018 | $4.30 | $0.61 | 14.1% |
| 2017 | $5.80 | $0.47 | 8.2% |
| 2016 | $3.58 | $0.38 | 10.5% |
| 2015 | $3.30 | $0.29 | 8.6% |
| 2014 | $1.65 | $0.22 | 13.3% |
| 2013 | $1.06 | $0.13 | 12.3% |
| 2012 | $0.56 | $0.03 | 6.2% |
| 2011 | $0.23 | $0.02 | 7.8% |
| 2010 | $0.62 | $0.02 | 2.9% |
| 2009 | $0.13 | $0.02 | 13.8% |
| 2008 | $0.24 | $0.02 | 7.5% |
| 2007 | $0.85 | $0.02 | 2.1% |
| 2006 | $0.63 | $0.02 | 2.9% |
| 2005 | $0.69 | $0.02 | 2.6% |
| 2004 | $0.40 | $0.02 | 4.5% |
| 2003 | $0.57 | $0.02 | 3.2% |
| 2002 | $0.24 | $0.02 | 7.5% |
| 2001 | $0.67 | $0.02 | 2.5% |
| 2000 | $0.81 | $0.01 | 1.8% |
| 1999 | $0.63 | $0.01 | 2.3% |
| 1998 | $0.58 | $0.01 | 2.2% |
| 1997 | $0.43 | $0.01 | 2.3% |
| 1996 | $0.27 | $0.01 | 2.9% |
Dividend Payout Ratio Formula & Definition
The payout ratio shows the share of trailing-12-month earnings paid out as dividends. Lower leaves more room to grow the dividend; a ratio persistently above 100% means dividends exceed earnings.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
Dividend Payout Ratio FAQ
- What is the dividend payout ratio for Southwest Airlines Co. (LUV)?
- The dividend payout ratio for LUV stock is 46.45%.
- Is Southwest Airlines Co.'s dividend payout ratio high or low?
- The dividend payout ratio of 46.45% is 52% below its 4-year average of 97.24%, near the low end of its 4-year range (0.00%–600.01%).
- What is the TTM average dividend payout ratio for Southwest Airlines Co. (LUV)?
- The TTM average dividend payout ratio for LUV stock is 92.37%.
- What is the 3Y average dividend payout ratio for Southwest Airlines Co. (LUV)?
- The 3Y average dividend payout ratio for LUV stock is 93.61%.
- What is the 5Y average dividend payout ratio for Southwest Airlines Co. (LUV)?
- The 5Y average dividend payout ratio for LUV stock is 63.93%.
- What is the 10Y average dividend payout ratio for Southwest Airlines Co. (LUV)?
- The 10Y average dividend payout ratio for LUV stock is 39.50%.
- What is the 15Y average dividend payout ratio for Southwest Airlines Co. (LUV)?
- The 15Y average dividend payout ratio for LUV stock is 10.74%.
- What is the 20Y average dividend payout ratio for Southwest Airlines Co. (LUV)?
- The 20Y average dividend payout ratio for LUV stock is 8.91%.
LUV Dividend Payout Ratio History
| DATE | DIVIDEND PAYOUT RATIO |
|---|---|
| 2026-06-24 | 46.45% |
| 2026-06-22 | 46.46% |
| 2026-06-17 | 58.06% |
| 2026-06-15 | 58.07% |
| 2026-06-11 | 58.06% |
| 2026-06-09 | 46.45% |
| 2026-06-05 | 46.45% |
| 2026-06-03 | 46.46% |
| 2026-06-01 | 46.46% |
| 2026-05-28 | 46.45% |
| 2026-05-26 | 46.46% |
| 2026-05-21 | 46.45% |
| 2026-05-19 | 46.46% |
| 2026-05-15 | 46.45% |
| 2026-05-13 | 46.46% |
| 2026-05-11 | 46.45% |
| 2026-05-07 | 46.45% |
| 2026-05-05 | 46.45% |
| 2026-05-01 | 46.46% |
| 2026-04-29 | 46.45% |
| 2026-04-27 | 46.46% |
| 2026-04-23 | 46.44% |
| 2026-04-21 | 85.71% |
| 2026-04-17 | 85.71% |
| 2026-04-15 | 85.71% |
| 2026-04-13 | 85.71% |
| 2026-04-09 | 85.72% |
| 2026-04-07 | 85.71% |
| 2026-04-02 | 85.71% |
| 2026-03-31 | 85.72% |
| 2026-03-27 | 85.72% |
| 2026-03-25 | 85.72% |
| 2026-03-23 | 85.72% |
| 2026-03-19 | 85.71% |
| 2026-03-17 | 85.71% |
| 2026-03-13 | 85.71% |
| 2026-03-11 | 85.71% |
| 2026-03-09 | 85.72% |
| 2026-03-05 | 85.71% |
| 2026-03-03 | 85.72% |
| 2026-02-27 | 85.71% |
| 2026-02-25 | 85.71% |
| 2026-02-23 | 85.72% |
| 2026-02-19 | 85.71% |
| 2026-02-17 | 85.72% |
| 2026-02-12 | 85.71% |
| 2026-02-10 | 85.72% |
| 2026-02-06 | 85.72% |
| 2026-02-04 | 110.77% |
| 2026-02-02 | 110.77% |
| 2026-01-29 | 110.78% |
| 2026-01-27 | 110.77% |
| 2026-01-23 | 110.77% |
| 2026-01-21 | 110.76% |
| 2026-01-16 | 110.77% |
| 2026-01-14 | 110.77% |
| 2026-01-12 | 110.77% |
| 2026-01-08 | 110.77% |
| 2026-01-06 | 110.77% |
| 2026-01-02 | 110.77% |
| 2025-12-30 | 110.77% |
| 2025-12-26 | 110.77% |
| 2025-12-23 | 110.77% |
| 2025-12-19 | 110.77% |
| 2025-12-17 | 110.78% |
| 2025-12-15 | 110.76% |
| 2025-12-11 | 110.77% |
| 2025-12-09 | 110.76% |
| 2025-12-05 | 110.77% |
| 2025-12-03 | 110.76% |
| 2025-12-01 | 110.76% |
| 2025-11-26 | 110.77% |
| 2025-11-24 | 110.77% |
| 2025-11-20 | 110.77% |
| 2025-11-18 | 110.77% |
| 2025-11-14 | 110.76% |
| 2025-11-12 | 110.76% |
| 2025-11-10 | 110.78% |
| 2025-11-06 | 110.78% |
| 2025-11-04 | 110.78% |
| 2025-10-31 | 110.78% |
| 2025-10-29 | 110.77% |
| 2025-10-27 | 110.78% |
| 2025-10-23 | 110.76% |
| 2025-10-21 | 109.10% |
| 2025-10-17 | 109.10% |
| 2025-10-15 | 109.09% |
| 2025-10-13 | 109.08% |
| 2025-10-09 | 109.09% |
| 2025-10-07 | 109.10% |
| 2025-10-03 | 109.08% |
| 2025-10-01 | 109.09% |
| 2025-09-29 | 109.10% |
| 2025-09-25 | 109.09% |
| 2025-09-23 | 109.10% |
| 2025-09-19 | 109.08% |
| 2025-09-17 | 109.10% |
| 2025-09-15 | 109.09% |
| 2025-09-11 | 109.09% |
| 2025-09-09 | 109.08% |
| 2025-09-05 | 109.09% |
| 2025-09-03 | 136.35% |
| 2025-08-29 | 109.09% |
| 2025-08-27 | 109.10% |
| 2025-08-25 | 109.08% |
| 2025-08-21 | 109.10% |
| 2025-08-19 | 109.08% |
| 2025-08-15 | 109.10% |
| 2025-08-13 | 109.08% |
| 2025-08-11 | 109.09% |
| 2025-08-07 | 109.10% |
| 2025-08-05 | 109.08% |
| 2025-08-01 | 109.09% |
| 2025-07-30 | 109.09% |
| 2025-07-28 | 109.08% |
| 2025-07-24 | 109.08% |
| 2025-07-22 | 84.71% |
| 2025-07-18 | 84.70% |
| 2025-07-16 | 84.70% |
| 2025-07-14 | 84.70% |
| 2025-07-10 | 84.70% |
| 2025-07-08 | 84.71% |
| 2025-07-03 | 84.70% |
| 2025-07-01 | 84.71% |
| 2025-06-27 | 84.72% |
| 2025-06-25 | 84.70% |
| 2025-06-23 | 84.72% |
| 2025-06-18 | 84.71% |
| 2025-06-16 | 84.70% |
| 2025-06-12 | 84.71% |
| 2025-06-10 | 84.70% |
| 2025-06-06 | 84.71% |
| 2025-06-04 | 84.70% |
| 2025-06-02 | 84.70% |
| 2025-05-29 | 84.71% |
| 2025-05-27 | 84.70% |
| 2025-05-22 | 84.71% |
| 2025-05-20 | 84.72% |
| 2025-05-16 | 84.72% |
| 2025-05-14 | 84.71% |
| 2025-05-12 | 84.71% |
| 2025-05-08 | 84.70% |
| 2025-05-06 | 84.72% |
| 2025-05-02 | 84.71% |
| 2025-04-30 | 84.70% |
| 2025-04-28 | 84.70% |
| 2025-04-24 | 84.71% |
| 2025-04-22 | 100.01% |
| 2025-04-17 | 100.00% |
| 2025-04-15 | 100.01% |
| 2025-04-11 | 100.01% |
| 2025-04-09 | 99.99% |
| 2025-04-07 | 100.01% |
| 2025-04-03 | 99.99% |
| 2025-04-01 | 100.01% |
| 2025-03-28 | 99.99% |
| 2025-03-26 | 99.99% |
| 2025-03-24 | 100.00% |
| 2025-03-20 | 100.00% |
| 2025-03-18 | 100.01% |
| 2025-03-14 | 100.00% |
| 2025-03-12 | 100.01% |
| 2025-03-10 | 75.00% |
| 2025-03-06 | 74.99% |
| 2025-03-04 | 99.99% |
| 2025-02-28 | 100.00% |
| 2025-02-26 | 100.01% |
| 2025-02-24 | 100.00% |
| 2025-02-20 | 99.99% |
| 2025-02-18 | 100.01% |
| 2025-02-13 | 100.00% |
| 2025-02-11 | 100.01% |
| 2025-02-07 | 100.01% |
| 2024-10-23 | 599.99% |
| 2024-10-21 | 600.01% |
| 2024-10-17 | 600.00% |
| 2024-10-15 | 599.99% |
| 2024-10-11 | 600.01% |
| 2024-10-09 | 599.99% |
| 2024-10-07 | 600.01% |
| 2024-10-03 | 600.00% |
| 2024-10-01 | 600.00% |
| 2024-09-27 | 599.99% |
| 2024-09-25 | 599.99% |
| 2024-09-23 | 600.01% |
| 2024-09-19 | 600.01% |
| 2024-09-17 | 600.00% |
| 2024-09-13 | 600.00% |
| 2024-09-11 | 599.99% |
| 2024-09-09 | 600.00% |
| 2024-09-05 | 600.01% |
| 2024-09-03 | 600.00% |
| 2024-08-29 | 600.00% |
| 2024-08-27 | 599.99% |
| 2024-08-23 | 599.99% |
| 2024-08-21 | 600.00% |
| 2024-08-19 | 600.00% |
| 2024-08-15 | 600.01% |
| 2024-08-13 | 599.99% |
| 2024-08-09 | 599.99% |
| 2024-08-07 | 600.01% |
| 2024-08-05 | 600.00% |
| 2024-08-01 | 600.01% |
| 2024-07-30 | 599.99% |
| 2024-07-26 | 600.01% |
| 2024-07-24 | 118.02% |
| 2024-07-22 | 118.02% |
| 2024-07-18 | 118.02% |
| 2024-07-16 | 118.04% |
| 2024-07-12 | 118.03% |
| 2024-07-10 | 118.05% |
| 2024-07-08 | 118.04% |
| 2024-07-03 | 118.03% |
| 2024-07-01 | 118.03% |
| 2024-06-27 | 118.03% |
| 2024-06-25 | 118.04% |
| 2024-06-21 | 118.03% |
| 2024-06-18 | 147.55% |
| 2024-06-14 | 118.02% |
| 2024-06-12 | 118.03% |
| 2024-06-10 | 118.04% |
| 2024-06-06 | 118.04% |
| 2024-06-04 | 118.02% |
| 2024-05-31 | 118.03% |
| 2024-05-29 | 118.03% |
| 2024-05-24 | 118.03% |
| 2024-05-22 | 118.02% |
| 2024-05-20 | 118.03% |
| 2024-05-16 | 118.04% |
| 2024-05-14 | 118.02% |
| 2024-05-10 | 118.03% |
| 2024-05-08 | 118.04% |
| 2024-05-06 | 118.03% |
| 2024-05-02 | 118.05% |
| 2024-04-30 | 118.02% |
| 2024-04-26 | 118.03% |
| 2024-04-24 | 98.64% |
| 2024-04-22 | 98.64% |
| 2024-04-18 | 98.63% |
| 2024-04-16 | 98.62% |
| 2024-04-12 | 98.64% |
| 2024-04-10 | 98.63% |
| 2024-04-08 | 98.64% |
| 2024-04-04 | 98.64% |
| 2024-04-02 | 98.63% |
| 2024-03-28 | 98.64% |
| 2024-03-26 | 98.64% |
| 2024-03-22 | 98.62% |
| 2024-03-20 | 98.64% |
| 2024-03-18 | 98.63% |
| 2024-03-14 | 98.64% |
| 2024-03-12 | 98.64% |
| 2024-03-08 | 98.63% |
| 2024-03-06 | 98.63% |
| 2024-03-04 | 98.64% |
| 2024-02-29 | 98.64% |
| 2024-02-27 | 98.63% |
| 2024-02-23 | 98.62% |
| 2024-02-21 | 98.64% |
| 2024-02-16 | 98.63% |
Showing the most recent 260 of 2,255 data points. The chart above shows the full history.
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.
- Sector
- Industrials
- Industry
- Airlines, Airports & Air Services
- CEO
- Robert E. Jordan