Southwest Airlines Co (Southwest Airlines Co) Dividend Payout Ratio

: 0.47 (As of Dec. 2023)

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Southwest Airlines Co's dividend payout ratio for the months ended in Dec. 2023 was 0.47.

The historical rank and industry rank for Southwest Airlines Co's Dividend Payout Ratio or its related term are showing as below:

LUV' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.08 Med: 0.14 Max: 0.46
Current: 0.46

During the past 13 years, the highest Dividend Payout Ratio of Southwest Airlines Co was 0.46. The lowest was 0.08. And the median was 0.14.

LUV's Dividend Payout Ratio is ranked worse than
56.38% of 525 companies
in the Transportation industry
Industry Median: 0.4 vs LUV: 0.46

As of today (2024-04-24), the Dividend Yield % of Southwest Airlines Co is 2.43%.

During the past 13 years, the highest Trailing Annual Dividend Yield of Southwest Airlines Co was 3.22%. The lowest was 0.28%. And the median was 0.75%.

Southwest Airlines Co's Dividends per Share for the months ended in Dec. 2023 was $0.18.

During the past 12 months, Southwest Airlines Co's average Dividends Per Share Growth Rate was 300.00% per year. During the past 3 years, the average Dividends Per Share Growth Rate was 58.70% per year.

During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of Southwest Airlines Co was 130.30% per year. The lowest was -36.40% per year. And the median was 16.45% per year.

The growth rate is calculated with least square regression.

For more information regarding to dividend, please check our Dividend Page.

Southwest Airlines Co Dividend Payout Ratio Historical Data

The historical data trend for Southwest Airlines Co's Dividend Payout Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Southwest Airlines Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dividend Payout Ratio

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0.16

0.46

Southwest Airlines Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Dividend Payout Ratio	Get a 7-Day Free Trial															-	-	0.17	0.47	0.47

Competitive Comparison

For the Airlines subindustry, Southwest Airlines Co's Dividend Payout Ratio, along with its competitors' market caps and Dividend Payout Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Southwest Airlines Co Dividend Payout Ratio Distribution

For the Transportation industry and Industrials sector, Southwest Airlines Co's Dividend Payout Ratio distribution charts can be found below:

* The bar in red indicates where Southwest Airlines Co's Dividend Payout Ratio falls into.

Southwest Airlines Co Dividend Payout Ratio Calculation

Dividend payout ratio measures the percentage of the company's earnings paid out as dividends.

Southwest Airlines Co's Dividend Payout Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Dividend Payout Ratio	=	Dividends per Share (A: Dec. 2023 )	/	EPS without NRI (A: Dec. 2023 )
	=	0.72	/	1.56
	=	0.46

Southwest Airlines Co's Dividend Payout Ratio for the quarter that ended in Dec. 2023 is calculated as

Dividend Payout Ratio	=	Dividends per Share (Q: Dec. 2023 )	/	EPS without NRI (Q: Dec. 2023 )
	=	0.18	/	0.38
	=	0.47

Southwest Airlines Co (NYSE:LUV) Dividend Payout Ratio Explanation

In dividends investing, Payout Ratio and Dividend Growth Rate are the two most important variables for consideration. A lower payout ratio may indicate that the company has more room to increase its dividends.

Southwest Airlines Co Dividend Payout Ratio Related Terms

Thank you for viewing the detailed overview of Southwest Airlines Co's Dividend Payout Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.

Southwest Airlines Co (Southwest Airlines Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Southwest Airlines Co (NYSE:LUV) » Definitions » Dividend Payout Ratio

Comparable Companies

Traded in Other Exchanges

LUV:Mexico SWN:Germany SWN:Germany S1OU34:Brazil LUV:Austria

Address

P.O. Box 36611, Dallas, TX, USA, 75235-1611

Website

https://www.southwest.com

Southwest Airlines is the largest domestic air carrier in the United States by passengers boarded. Southwest operates over 700 aircraft in an all-Boeing 737 fleet. Despite offering some longer routes and a few perks for business travelers, the airline predominantly specializes in short-haul, leisure flights, using a point-to-point network. Southwest operates a low-cost carrier business model.

Executives

Roy Blunt	director	2702 LOVE FIELD DRIVE, HDQ 4GC, DALLAS TX 75235
Elaine Mendoza	director	2223 POSTOAK COURT, SAN ANTONIO TX 78248
Eduardo F Conrado	director	1303 E. ALGONQUIN ROAD, SCHAUMBURG IL 60196
Ryan C. Green	officer: EVP, Chief Commercial Officer	2702 LOVE FIELD DRIVE, HDQ 4GC, DALLAS TX 75235
Jill A. Soltau	director	123 SOUTH FRONT STREET, MEMPHIS TN 38103
John T Montford	director	C/O SOUTHWEST AIRLINES CO, 2702 LOVE FIELD DR PO BOX 36611, DALLAS TX 75235-1611
Christopher P. Reynolds	director	2702 LOVE FIELD DRIVE, HDQ 4GC, DALLAS TX 75235
David P Hess	director	390 PARK AVENUE, NEW YORK NY 10022
Thomas W. Gilligan	director	C/O KB HOME, 10990 WILSHIRE BOULEVARD, 7TH FLOOR, LOS ANGELES CA 90024
Linda B. Rutherford	officer: EVP People and Communications	2702 LOVE FIELD DRIVE, HDQ 4GC, DALLAS TX 75235
Robert E Jordan	officer: EVP - Strategy and Planning	C/O SOUTHWEST AIRLINES CO., 2702 LOVE FIELD DRIVE, DALLAS TX 75235
Gregory D Wells	officer: EVP, Daily Operations	2702 LOVE FIELD DRIVE, HDQ 4GC, DALLAS TX 75235
Alan Kasher	officer: EVP Daily Operations	2702 LOVE FIELD DRIVE, HDQ 4GC, DALLAS TX 75235
Mark R Shaw	officer: SVP,Gen Counsel,Corp.Secretary	2702 LOVE FIELD DRIVE, HDQ 4GC, DALLAS TX 75235
Tammy Romo	officer: SR VP Finance & CFO	C/O SOUTHWEST AIRINES CO., 2702 LOVE FIELD DR., DALLAS TX 75235