LUV dividend capture — median 1d pre-ex touch, 93% /30d touch rate over 15 ex-dates. Next ex-date, event history, after-tax calculator & simulator.
How this company returns cash to shareholders — buybacks, dividends, and stock splits.
How this company returns cash to shareholders — buybacks, dividends, and stock splits.
Southwest Airlines (LUV) has touched its pre-ex close within 30 trading days in 93% of the last 15 ex-dividend events, with a median time-to-touch of 1 trading day (limit-order recovery basis). The dividend is below the typical daily price swing (signal-to-noise 0.19), meaning ordinary day-to-day noise can easily exceed the dividend itself.
Versus its sector, LUV sits roughly in line with the Industrials sector benchmark of 95%. The sector median time-to-touch is 1 trading day, matching the peer pace.
Historical base rates are not predictions; transaction costs, slippage, and ordinary-income tax on short holding periods can materially reduce realized profit. The next confirmed ex-dividend date is Sep 3, 2026, with an expected dividend of $0.18.
Touch rate (30d)
93%
Median days-to-touch
1d
Signal-to-noise
0.19
TL;DR over the most recent 15 events.
| Metric | Value | vs sector |
|---|---|---|
| 30-day touch rate | 93% | -2pp vs sector |
| Median days-to-touch | 1d | in line with sector |
| Signal-to-noise (div / ATR) | 0.19 | in line with sector |
| Avg gap on ex-date | -0.91% | -0.57pp vs sector |
| Win rate at MOC exit | 45% | — |
| Median drawdown during hold | -4.96% | -0.93pp vs sector |
| Best / worst touch (days) | 1 / 19 | — |
Confirmed by company declaration.
Dividend
$0.18
Per-event yield
0.43%
Annualized yield
1.53%
Previously paid
Jun 11, 2026 ($0.18)
Last record date
Jun 11, 2026
Last payment date
Jul 2, 2026
Per-event gap on ex-date, the pre-ex close used as the touch target, trading days to first intraday highat or above that level, plus 5/30-day touch flags, drawdown and 5-day P&L for Southwest Airlines (LUV). For a stricter close-at-bell exit timeline, use the simulator below (MOC mode). td = trading days from ex-date.
| Recovered 5d | Recovered 30d | ||||||||
|---|---|---|---|---|---|---|---|---|---|
| Q2 | $0.18 | -1.38% | $41.40 | 1 | yes | yes | -1.38% | +16.30% | |
| Q1 | $0.18 | -3.23% | $41.85 | 19 | no | yes | -8.98% | -1.91% | |
| Q4 | $0.18 | -0.75% | $41.48 | 1 | yes | yes | -1.52% | +2.75% | |
| Q3 | $0.18 | -0.28% | $32.25 | 1 | yes | yes | -5.18% | -2.98% | |
| Q2 | $0.18 | -0.38% | $31.44 | 1 | yes | yes | -2.29% | +0.83% | |
| Q1 | $0.18 | -0.36% | $30.53 | 1 | yes | yes | -4.03% | +10.65% | |
| Q4 | $0.18 | -1.46% | $34.35 | 7 | no | yes | -6.38% | -1.63% | |
| Q3 | $0.18 | -0.68% | $29.58 | 1 | yes | yes | -4.73% | -1.99% | |
| Q2 | $0.18 | -0.38% | $28.77 | 1 | yes | yes | -5.35% | -0.49% | |
| Q1 | $0.18 | -1.23% | $34.11 | 1 | yes | yes | -18.62% | -15.16% | |
| Q4 | $0.18 | -1.19% | $29.52 | 1 | yes | yes | -7.69% | +0.14% | |
| Q3 | $0.18 | -1.11% | $31.42 | >30 | no | no | -9.71% | -6.24% | |
| Q2 | $0.18 | -0.99% | $34.25 | 1 | yes | yes | -2.13% | +3.45% | |
| Q1 | $0.18 | -0.33% | $33.76 | 1 | yes | yes | -12.89% | -9.03% | |
| Q1 | $0.18 | 0.09% | $35.08 | 1 | yes | yes | -0.46% | +6.10% | |
| Q1 | $0.18 | 1.26% | $46.95 | 1 | yes | yes | -24.15% | -2.58% | |
| Q4 | $0.18 | -0.32% | $55.47 | 1 | yes | yes | -3.68% | -2.00% | |
| Q3 | $0.18 | -0.38% | $50.64 | 2 | yes | yes | -1.80% | +0.06% | |
| Q2 | $0.18 | 0.94% | $47.79 | 1 | yes | yes | 0.80% | +6.21% | |
| Q1 | $0.16 | 0.32% | $53.83 | 1 | yes | yes | -9.75% | -6.07% |
First trading session whose intraday high reached the pre-ex close within the 30-day measurement window. td = trading days from ex-date.
| Touch window | Distribution | Count | Share |
|---|---|---|---|
| ≤ 1 day | 16 | 80% | |
| 2–3 days | 1 | 5% | |
| 4–5 days | 0 | 0% | |
| 6–10 days | 1 | 5% | |
| 11–30 days | 1 | 5% | |
| 30+ | 1 | 5% |
Pre-filled with LUV's next expected dividend and recent close. Adjust tax rate, holding period and slippage to estimate after-tax capture yield.
U.S. ordinary-income rate (22-37%) applies on holds shorter than 61 days. Hold longer to qualify for the 0/15/20% qualified-dividend rate.
Replay every historical LUV ex-dividend with two exit strategies: a GTC limit-order at the pre-ex close, or hold for N days and exit at MOC. Pick the window and quarter filter that matches your plan.
Linked to your history table
These backtests use the same ex-dividend rows as Dividend Capture History on this page — 20 events loaded.
Quarter filter is All — every row in the table above is included here. Change quarter below to match the slice you want to stress-test.
Sell back at the pre-ex close on the first intraday touch within the window. If it never touches, exit at MOC after the window expires (stop-loss).
Figures are gross — before tax, commissions, and slippage. Percents are per-event return on capital at entry (pre-ex close).
Avg P&L per trade (20 events)
-0.08%
Win rate (20 trades)
85%
Cumulative P&L
-1.51%
Buy & hold (same sample)
-11.07%
Best event
+0.63%
Worst event
-6.24%
Cumulative P&L (equity curve)
Vertical axis: cumulative sum of per-event % (same units as the headline cumulative). Hover the line for exact values.
Per-event P&L distribution
20 trades in this sample · bar height ∝ count in each bucket (gross % per event).
Scenario P&L by event · LUV (20)
Scenario P&L — updates with exit mode, window, and quarter. History adds gap, touch, drawdown, and a fixed P&L 5d % (MOC). Same per-row % as that column only for MOC + 5d on the same rows. Oldest → newest, gross pre-ex close basis.
| Ex-date | P&L |
|---|---|
| +0.30% | |
| +0.38% | |
| +0.36% | |
| +0.32% | |
| +0.38% | |
| +0.51% | |
| +0.53% | |
| +0.53% | |
| -6.24% | |
| +0.61% | |
| +0.53% | |
| +0.63% | |
| +0.61% | |
| -1.63% | |
| +0.59% | |
| +0.57% | |
| +0.56% | |
| +0.43% | |
| -1.91% | |
| +0.43% |
Results are illustrative only and are not financial advice. Capture simulations use historical prices and simplified costs and tax assumptions. Actual fills, borrow fees, and market rules vary. Consult a qualified advisor before trading.
Deep-dives across the income statement, cash flow, capital return, and valuation
How this company returns cash to shareholders — buybacks, dividends, and stock splits.
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