Southwest Airlines Dividend
Dividend criteria checks 3/6
Southwest Airlines is a dividend paying company with a current yield of 2.47% that is well covered by earnings. Next payment date is on 12th July, 2023 with an ex-dividend date of 20th June, 2023.
Key information
2.5%
Dividend yield
32%
Payout ratio
| Industry average yield | 3.5% |
| Next dividend pay date | 12 Jul 23 |
| Ex dividend date | 20 Jun 23 |
| Dividend per share | US$0.72 |
| Earnings per share | US$1.11 |
| Dividend yield forecast in 3Y | 2.8% |
Recent dividend updates
Some Investors May Be Worried About Southwest Airlines' (NYSE:LUV) Returns On Capital
Mar 27
Southwest Airlines (NYSE:LUV) May Have Issues Allocating Its Capital
Dec 21Recent updates
Is Southwest Airlines Co. (NYSE:LUV) Trading At A 46% Discount?
May 08Is It Too Late To Consider Buying Southwest Airlines Co. (NYSE:LUV)?
Apr 24Some Investors May Be Worried About Southwest Airlines' (NYSE:LUV) Returns On Capital
Mar 27Southwest Airlines: Weighing The Rewards Against The Risks
Feb 21We Think Southwest Airlines (NYSE:LUV) Is Taking Some Risk With Its Debt
Feb 10Is Southwest Airlines A Good Investment After Its Epic Holiday Meltdown?
Jan 31Is Southwest Airlines Co. (NYSE:LUV) Trading At A 40% Discount?
Jan 29Southwest Airlines: No Strike Meltdown
Jan 20Should You Think About Buying Southwest Airlines Co. (NYSE:LUV) Now?
Jan 17Southwest reaches new agreement with unions for its flight instructors and technicians
Jan 13Southwest Airlines (NYSE:LUV) May Have Issues Allocating Its Capital
Dec 21Southwest Airlines reinstates quarterly dividend of $0.18, payable in January 2023
Dec 07Southwest Airlines May Take A Back Seat To The Legacy Carriers
Oct 24At US$32.43, Is Southwest Airlines Co. (NYSE:LUV) Worth Looking At Closely?
Oct 14Southwest Airlines (NYSE:LUV) Seems To Use Debt Quite Sensibly
Sep 29Southwest COO Mike Van de Ven to step down
Sep 26Estimating The Fair Value Of Southwest Airlines Co. (NYSE:LUV)
Sep 13The Returns On Capital At Southwest Airlines (NYSE:LUV) Don't Inspire Confidence
Aug 29Southwest Airlines to redeem $1.23B outstanding notes
Aug 19Southwest Airlines Non-GAAP EPS of $1.30 beats by $0.12, revenue of $6.73B beats by $40M
Jul 28Southwest Airlines amends revolving credit facility deal
Jul 21Use The Exxon-Southwest Airlines Pair For Trading, Hedging, Or Investing
Jun 30Health Check: How Prudently Does Southwest Airlines (NYSE:LUV) Use Debt?
Jun 27If You Must Invest In The Airline Industry, Consider Southwest
Jun 24Southwest Airlines: A Productive Buy
Jun 02Why Southwest Airlines Co. (NYSE:LUV) Could Be Worth Watching
May 30Southwest Airlines Stock Forecast: How Will The Biggest Competitors Affect The Share Price By 2025
May 17Southwest Remains A Buy
Apr 12An Intrinsic Calculation For Southwest Airlines Co. (NYSE:LUV) Suggests It's 31% Undervalued
Mar 22Is Southwest Airlines Co. (NYSE:LUV) Potentially Undervalued?
Feb 28Buy Southwest Airlines Ahead Of Strong Recovery Throughout 2022
Feb 10Southwest Airlines (NYSE:LUV) Handles the Debt Well Through Turbulences
Jan 31Southwest Airlines: Invest At The Point Of Maximum Pessimism
Dec 27Health Check: How Prudently Does Southwest Airlines (NYSE:LUV) Use Debt?
Dec 05Southwest Airlines: Buy The Dip
Nov 30Southwest Airlines Co. (NYSE:LUV) Shares Could Be 39% Below Their Intrinsic Value Estimate
Nov 09Time Is Now For Southwest
Oct 25Why Southwest Airlines Co. (NYSE:LUV) Could Be Worth Watching
Oct 14Southwest: Tailwind For A Quick Recovery
Sep 23Southwest Airlines: The Low-Cost Strategy Prevails Through The Pandemic
Aug 20Southwest Airlines: Trouble Beneath The Surface
Jul 28A Look At The Intrinsic Value Of Southwest Airlines Co. (NYSE:LUV)
Jul 23Southwest Airlines (NYSE:LUV) Has Debt But No Earnings; Should You Worry?
Jul 05Stability and Growth of Payments
| Month | Dividend Per Share (annual) | Avg. Yield (%) |
|---|---|---|
| 12/31/2025 | 0.83 | 2.8% |
| 12/31/2024 | 0.77 | 2.7% |
| 12/31/2023 | 0.7 | 2.4% |
| 6/1/2023 | 0.72 | 2.5% |
| 5/17/2023 | 0.72 | 2.4% |
| 3/9/2023 | 0.72 | 2.3% |
| 1/9/2023 | 0.72 | 2% |
| 5/2/2022 | - | 0% |
| 4/28/2022 | - | 0% |
| 2/7/2022 | - | 0% |
| 1/27/2022 | - | 0% |
| 10/26/2021 | - | 0% |
| 10/21/2021 | - | 0% |
| 7/27/2021 | - | 0% |
| 7/22/2021 | - | 0% |
| 4/27/2021 | - | 0% |
| 4/22/2021 | - | 0% |
| 2/8/2021 | - | 0% |
| 1/28/2021 | - | 0% |
| 10/27/2020 | - | 0% |
| 10/22/2020 | - | 0% |
| 7/27/2020 | - | 0% |
| 7/23/2020 | - | 0% |
| 1/29/2020 | 0.72 | 2% |
| 11/20/2019 | 0.72 | 1.3% |
| 7/31/2019 | 0.72 | 1.3% |
| 5/15/2019 | 0.72 | 1.4% |
| 1/30/2019 | 0.64 | 1.2% |
| 11/14/2018 | 0.64 | 1.3% |
| 8/1/2018 | 0.64 | 1.1% |
| 5/16/2018 | 0.64 | 1.2% |
| 1/31/2018 | 0.5 | 0.9% |
| 11/16/2017 | 0.5 | 0.8% |
| 8/3/2017 | 0.5 | 0.9% |
| 5/17/2017 | 0.5 | 0.8% |
| 2/2/2017 | 0.4 | 0.7% |
| 11/17/2016 | 0.4 | 0.8% |
| 7/28/2016 | 0.4 | 1% |
| 5/18/2016 | 0.4 | 1% |
| 1/28/2016 | 0.3 | 0.7% |
| 11/20/2015 | 0.3 | 0.7% |
| 7/30/2015 | 0.3 | 0.7% |
| 5/13/2015 | 0.3 | 0.8% |
| 1/29/2015 | 0.24 | 0.6% |
| 11/20/2014 | 0.24 | 0.6% |
| 7/30/2014 | 0.24 | 0.7% |
| 5/14/2014 | 0.24 | 0.9% |
| 1/30/2014 | 0.16 | 0.7% |
| 11/21/2013 | 0.16 | 0.8% |
| 7/17/2013 | 0.16 | 1.1% |
| 5/15/2013 | 0.16 | 1.2% |
| 1/31/2013 | 0.04 | 0.3% |
| 1/24/2013 | 0.04 | 0.4% |
| 7/26/2012 | 0.04 | 0.4% |
Stable Dividend: LUV's dividend payments have been volatile in the past 10 years.
Growing Dividend: LUV's dividend payments have increased over the past 10 years.
Dividend Yield vs Market
| Southwest Airlines Dividend Yield vs Market |
|---|
| Segment | Dividend Yield |
|---|---|
| Company (LUV) | 2.5% |
| Market Bottom 25% (US) | 1.7% |
| Market Top 25% (US) | 5.2% |
| Industry Average (Airlines) | 3.5% |
| Analyst forecast in 3 Years (LUV) | 2.8% |
Notable Dividend: LUV's dividend (2.47%) is higher than the bottom 25% of dividend payers in the US market (1.72%).
High Dividend: LUV's dividend (2.47%) is low compared to the top 25% of dividend payers in the US market (5.16%).
Earnings Payout to Shareholders
Earnings Coverage: With its reasonably low payout ratio (32.5%), LUV's dividend payments are well covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: LUV is paying a dividend but the company has no free cash flows.