Current Yield
1.43%
TTM Dividend/Share
$0.72
Payment Frequency
Quarterly
Payout Ratio
46.5%
Consecutive Growth Years
0
Key takeaways
- Southwest Airlines (LUV) currently yields 1.43%, paying $0.72 per share over the trailing twelve months, distributed quarterly.
- Payout ratio is 46.5% — the share of earnings distributed as dividends.
- 4 of 8 dividend safety checks passed.
- 5-year dividend CAGR of 31.95%.
Dividend health for Southwest Airlines (LUV)
Cash-flow, leverage and returns metrics that signal whether the dividend is well-covered and sustainable.
Chowder score | 33.4% |
FCF payout ratio | 11.8% |
Net debt / EBITDA | 1.3x |
Interest coverage | 8.11x |
ROIC (TTM) | 6.8% |
Dividend safety score for Southwest Airlines (LUV)
Checks covering payout coverage, free-cash-flow support, leverage and dividend-growth durability.
4 of 8 checks passed
Payout ratio below 75%
Payout ratio is 46.5%, well below the 75% threshold.
Free cash flow covers dividend
TTM FCF after dividends is $-786M — FCF does not fully cover the payout.
No dividend cuts in 10+ years
No dividend cuts in the last 10 years.
Positive earnings growth trend
Earnings per share have declined over the past 5 years.
10+ years of consecutive growth
Only 0 consecutive year(s) of dividend growth.
FCF payout ratio below 70%
FCF payout ratio is 11.8%, below the 70% threshold.
Net Debt/EBITDA below 3x
Net Debt/EBITDA is 1.3x.
Dividend growth ≤ earnings growth (5Y)
Dividend growth (32.0%) exceeds EPS growth (-10.6%) — payout ratio expanding.
This analysis is for informational purposes only and is not financial advice. Safety scores and comparisons reflect historical data and do not predict future performance.
Per-payment dividend history
176 payments from 1980 to 2026 · Adj. Dividend is split-adjusted
| Jun 11, 2026 | Jul 2, 2026 | $0.1800 | $0.1800 |
| Mar 12, 2026 | Apr 2, 2026 | $0.1800 | $0.1800 |
| Dec 26, 2025 | Jan 16, 2026 | $0.1800 | $0.1800 |
| Sep 3, 2025 | Sep 24, 2025 | $0.1800 | $0.1800 |
| Jun 18, 2025 | Jul 9, 2025 | $0.1800 | $0.1800 |
| Mar 12, 2025 | Apr 2, 2025 | $0.1800 | $0.1800 |
| Dec 26, 2024 | Jan 16, 2025 | $0.1800 | $0.1800 |
| Sep 4, 2024 | Sep 25, 2024 | $0.1800 | $0.1800 |
| Jun 18, 2024 | Jul 10, 2024 | $0.1800 | $0.1800 |
| Mar 5, 2024 | Mar 27, 2024 | $0.1800 | $0.1800 |
| Dec 20, 2023 | Jan 11, 2024 | $0.1800 | $0.1800 |
| Sep 5, 2023 | Sep 27, 2023 | $0.1800 | $0.1800 |
- Jun 11, 2026$0.1800
- Mar 12, 2026$0.1800
- Dec 26, 2025$0.1800
- Sep 3, 2025$0.1800
- Jun 18, 2025$0.1800
- Mar 12, 2025$0.1800
- Dec 26, 2024$0.1800
- Sep 4, 2024$0.1800
- Jun 18, 2024$0.1800
- Mar 5, 2024$0.1800
- Dec 20, 2023$0.1800
- Sep 5, 2023$0.1800
Historical dividend yield for Southwest Airlines (LUV)
Mean trailing dividend yield using one ratio snapshot per calendar year.Mean yield1Y: 1.79%
Dividend per share for Southwest Airlines (LUV)
CAGR (per year)1Y: 0.00%5Y: 31.95%10Y: 9.71%→ Stable
| Year | Total ($/share) | Payments |
|---|---|---|
| 1980 | $0.00 | 4 |
| 1981 | $0.00 | 4 |
| 1982 | $0.01 | 4 |
| 1983 | $0.01 | 4 |
| 1984 | $0.01 | 4 |
| 1985 | $0.01 | 4 |
| 1986 | $0.01 | 4 |
| 1987 | $0.01 | 4 |
| 1988 | $0.01 | 4 |
| 1989 | $0.01 | 4 |
| 1990 | $0.01 | 4 |
| 1991 | $0.01 | 4 |
| 1992 | $0.01 | 4 |
| 1993 | $0.01 | 4 |
| 1994 | $0.01 | 4 |
| 1995 | $0.01 | 4 |
| 1996 | $0.01 | 4 |
| 1997 | $0.01 | 4 |
| 1998 | $0.01 | 4 |
| 1999 | $0.01 | 4 |
| 2000 | $0.01 | 4 |
| 2001 | $0.02 | 4 |
| 2002 | $0.02 | 4 |
| 2003 | $0.02 | 4 |
| 2004 | $0.02 | 4 |
| 2005 | $0.02 | 4 |
| 2006 | $0.02 | 4 |
| 2007 | $0.02 | 4 |
| 2008 | $0.02 | 4 |
| 2009 | $0.02 | 4 |
| 2010 | $0.02 | 4 |
| 2011 | $0.02 | 4 |
| 2012 | $0.03 | 4 |
| 2013 | $0.13 | 4 |
| 2014 | $0.22 | 4 |
| 2015 | $0.28 | 4 |
| 2016 | $0.38 | 4 |
| 2017 | $0.47 | 4 |
| 2018 | $0.60 | 4 |
| 2019 | $0.70 | 4 |
| 2020 | $0.18 | 1 |
| 2023 | $0.90 | 5 |
| 2024 | $0.72 | 4 |
| 2025 | $0.72 | 4 |
| 2026 | $0.36 | 2 |
Dividend growth for Southwest Airlines (LUV)
Year-over-year change in total annual dividend per share (split-adjusted, by ex-dividend year). Green is an increase, red a cut.
The table shows 23 year-over-year increases across 46 calendar years of data (1980–2025).
Dividend Increase Track Record
Year-over-year change in total annual DPS (dividends per share, split-adjusted), based on ex-dividend date.
| 2026 | $0.7200 | — | — |
| 2025 | $0.7200 | $0.7200 | 0.0% |
| 2024 | $0.9000 | $0.7200 | -20.0% |
| 2023 | $0.1800 | $0.9000 | +400.0% |
| 2020 | $0.7000 | $0.1800 | -74.3% |
| 2019 | $0.6050 | $0.7000 | +15.7% |
| 2018 | $0.4750 | $0.6050 | +27.4% |
| 2017 | $0.3750 | $0.4750 | +26.7% |
| 2016 | $0.2850 | $0.3750 | +31.6% |
| 2015 | $0.2200 | $0.2850 | +29.5% |
| 2014 | $0.1300 | $0.2200 | +69.2% |
| 2013 | $0.0345 | $0.1300 | +276.8% |
| 2012 | $0.0180 | $0.0345 | +91.7% |
| 2011 | $0.0180 | $0.0180 | 0.0% |
| 2010 | $0.0180 | $0.0180 | 0.0% |
| 2009 | $0.0180 | $0.0180 | 0.0% |
| 2008 | $0.0180 | $0.0180 | 0.0% |
| 2007 | $0.0180 | $0.0180 | 0.0% |
| 2006 | $0.0180 | $0.0180 | 0.0% |
| 2005 | $0.0180 | $0.0180 | 0.0% |
| 2004 | $0.0180 | $0.0180 | 0.0% |
| 2003 | $0.0180 | $0.0180 | 0.0% |
| 2002 | $0.0165 | $0.0180 | +9.1% |
| 2001 | $0.0147 | $0.0165 | +12.5% |
| 2000 | $0.0144 | $0.0147 | +1.5% |
| 1999 | $0.0130 | $0.0144 | +10.8% |
| 1998 | $0.0101 | $0.0130 | +29.4% |
| 1997 | $0.0079 | $0.0101 | +27.5% |
| 1996 | $0.0079 | $0.0079 | 0.0% |
| 1995 | $0.0079 | $0.0079 | 0.0% |
| 1994 | $0.0079 | $0.0079 | 0.0% |
| 1993 | $0.0074 | $0.0079 | +7.1% |
| 1992 | $0.0066 | $0.0074 | +12.0% |
| 1991 | $0.0064 | $0.0066 | +3.5% |
| 1990 | $0.0061 | $0.0064 | +3.6% |
| 1989 | $0.0058 | $0.0061 | +6.8% |
| 1988 | $0.0056 | $0.0058 | +2.3% |
| 1987 | $0.0056 | $0.0056 | 0.0% |
| 1986 | $0.0056 | $0.0056 | 0.0% |
| 1985 | $0.0056 | $0.0056 | 0.0% |
| 1984 | $0.0056 | $0.0056 | 0.0% |
| 1983 | $0.0056 | $0.0056 | 0.0% |
| 1982 | $0.0048 | $0.0056 | +17.6% |
| 1981 | $0.0037 | $0.0048 | +27.5% |
| 1980 | — | $0.0037 | — |
- 2026—
- 2025$0.7200
- 2024$0.7200
- 2023$0.9000
- 2020$0.1800
- 2019$0.7000
- 2018$0.6050
- 2017$0.4750
- 2016$0.3750
- 2015$0.2850
- 2014$0.2200
- 2013$0.1300
- 2012$0.0345
- 2011$0.0180
- 2010$0.0180
- 2009$0.0180
- 2008$0.0180
- 2007$0.0180
- 2006$0.0180
- 2005$0.0180
- 2004$0.0180
- 2003$0.0180
- 2002$0.0180
- 2001$0.0165
- 2000$0.0147
- 1999$0.0144
- 1998$0.0130
- 1997$0.0101
- 1996$0.0079
- 1995$0.0079
- 1994$0.0079
- 1993$0.0079
- 1992$0.0074
- 1991$0.0066
- 1990$0.0064
- 1989$0.0061
- 1988$0.0058
- 1987$0.0056
- 1986$0.0056
- 1985$0.0056
- 1984$0.0056
- 1983$0.0056
- 1982$0.0056
- 1981$0.0048
- 1980$0.0037
DPS sums split-adjusted amounts (adj. dividend) by ex-dividend calendar year—the same basis as the Adj. Dividend column in Dividend Payment History. The Dividend column can differ after stock splits. This table uses four decimals per annual total so the Change column matches the shown amounts; each payment row in Dividend Payment History also uses four.
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