Southwest Airlines Co

LTS : 0L8F
USA·Industrials·Transportation·Ordinary Shares
$39.83
−1.51 (−3.42%)Oct 16 close
Market Cap
$19.57B
Enterprise Value
$22.32B
P/E (TTM)
49.48
P/B
2.68
Net Cash / (Debt)
−$2.75B
52-Week Range
$29 — $55
5-Year Range
$22 — $55
Avg Volume (3M)
6.13K
Dividend Yield (TTM)
0.90%
vs 5Y avg 1.49% · 10Y avg 1.22%
Dividend Yield (Forward)
1.81%
4 payments/yr (spacing)
Dividends / Share (TTM)
$0.36
Forward (annualized): $0.72
Payout Ratio (EPS, TTM)
85.7%
Payout Ratio (FCF, TTM)
—
Dividend CAGR (3Y / 5Y / 10Y)
3Y—5Y32.0%10Y—
Consecutive Growth Years
0
as of 2025
Years Without a Cut
1
as of 2025
Total Shareholder Yield (TTM)
14.44%
Div 1.95% + Net buyback 12.49%

Growth, streak and CAGR figures exclude special dividends.

Dividends per share

Cash dividends, split-adjusted · USD

Payout ratio

Dividends per share ÷ diluted EPS and ÷ free cash flow per share, by fiscal year.

Dividend yield

Trailing-twelve-month dividends ÷ month-end price.

Capital returns

Net buybacks = repurchases − stock issuance, fiscal-year cash flows. SBC shown for dilution context.

Total Shareholder Yield (TTM)
14.4%
Dividends 2.0% + Net buybacks 12.5%
Net Buyback (TTM)
$2.55B
Gross $2.55B − Issuance $0
SBC (TTM)
$0
Share-based compensation, dilution driver
Net share-count change % / yr

Annual dividend growth

YearDPS (regular sum, USD)ChangeHikes
20250.720.0%0
20240.72-20.0%0
20230.90—0
20200.18-74.3%0
20190.70+15.7%1
20180.605—1

Special dividends are excluded from these figures. Based on 23 regular payments.

Payment history (23 payments)

Δ%TypeFrequencyDeclarationRecordPay date
2026-03-12$0.180.0%Cashquarterly-2026-03-122026-04-02
2025-12-29$0.180.0%Cashquarterly-2025-12-262026-01-16
2025-09-03$0.180.0%Cashquarterly-2025-09-032025-09-24
2025-06-18$0.180.0%Cashquarterly-2025-06-182025-07-09
2025-03-12$0.180.0%Cashquarterly-2025-03-122025-04-02
2024-12-27$0.180.0%Cashquarterly-2024-12-262025-01-16
2024-09-04$0.180.0%Cashquarterly-2024-09-042024-09-25
2024-06-18$0.180.0%Cashquarterly-2024-06-192024-07-10
2024-03-05$0.180.0%Cashquarterly-2024-03-062024-03-27
2023-12-20$0.180.0%Cashquarterly-2023-12-212024-01-11
2023-09-05$0.180.0%Cashquarterly-2023-09-062023-09-27
2023-06-20$0.180.0%Cashquarterly-2023-06-212023-07-12
2023-03-07$0.180.0%Cashquarterly-2023-03-082023-03-29
2023-01-09$0.180.0%Cashquarterly-2023-01-102023-01-31
2020-03-03$0.180.0%Cashquarterly-2020-03-042020-03-25
2019-12-10$0.180.0%Cashquarterly-2019-12-112020-01-08
2019-08-20$0.180.0%Cashquarterly-2019-08-212019-09-11
2019-06-04$0.18+12.5%Cashquarterly-2019-06-052019-06-26
2019-03-05$0.160.0%Cashquarterly-2019-03-062019-03-27
2018-12-04$0.160.0%Cashquarterly-2018-12-052019-01-02
2018-08-21$0.160.0%Cashquarterly-2018-08-222018-09-12
2018-06-05$0.16+28.0%Cashquarterly-2018-06-062018-06-27
2018-03-06$0.125–Cashquarterly-2018-03-072018-03-28
No splits on record.