Southwest Airlines (LUV) Dividend History & Yield
Southwest Airlines (LUV) has increased its dividend for multiple years and currently yields 1.91%. The most recent payment was $0.1800/share on Mar 12, 2026, paid Quarterly.
Current Yield
1.91%
TTM Dividend/Share
$0.72
Payment Frequency
Quarterly
Payout Ratio
90.5%
Consecutive Growth Years
0
Div Growth (1Y CAGR)
0.00%
Div Growth (5Y CAGR)
31.95%
Div Growth (10Y CAGR)
9.71%
Dividend Safety Score
2 out of 5 checks passed
Payout ratio below 75%
Payout ratio is 90.5%, above the 75% threshold.
Free cash flow covers dividend
FCF/share ($-1.54) does not fully cover dividend/share ($0.72).
No dividend cuts in 10+ years
No dividend cuts in the last 10 years.
Positive earnings growth trend
Earnings per share have grown over the past 5 years.
10+ years of consecutive growth
Only 0 consecutive year(s) of dividend growth.
Dividend Payment History
Yield values are for each row's ex-date, not today's live yield.
Ex-date Mar 12, 2026
- Payment date
- Apr 2, 2026
- Dividend
- $0.1800
- Adj. dividend
- $0.1800
- Yield (ex-date)
- 1.86%
Ex-date Dec 26, 2025
- Payment date
- Jan 16, 2026
- Dividend
- $0.1800
- Adj. dividend
- $0.1800
- Yield (ex-date)
- 1.74%
Ex-date Sep 3, 2025
- Payment date
- Sep 24, 2025
- Dividend
- $0.1800
- Adj. dividend
- $0.1800
- Yield (ex-date)
- 2.23%
Ex-date Jun 18, 2025
- Payment date
- Jul 9, 2025
- Dividend
- $0.1800
- Adj. dividend
- $0.1800
- Yield (ex-date)
- 2.31%
Ex-date Mar 12, 2025
- Payment date
- Apr 2, 2025
- Dividend
- $0.1800
- Adj. dividend
- $0.1800
- Yield (ex-date)
- 2.39%
Ex-date Dec 26, 2024
- Payment date
- Jan 16, 2025
- Dividend
- $0.1800
- Adj. dividend
- $0.1800
- Yield (ex-date)
- 2.11%
Ex-date Sep 4, 2024
- Payment date
- Sep 25, 2024
- Dividend
- $0.1800
- Adj. dividend
- $0.1800
- Yield (ex-date)
- 2.44%
Ex-date Jun 18, 2024
- Payment date
- Jul 10, 2024
- Dividend
- $0.1800
- Adj. dividend
- $0.1800
- Yield (ex-date)
- 2.53%
Ex-date Mar 5, 2024
- Payment date
- Mar 27, 2024
- Dividend
- $0.1800
- Adj. dividend
- $0.1800
- Yield (ex-date)
- 2.09%
Ex-date Dec 20, 2023
- Payment date
- Jan 11, 2024
- Dividend
- $0.1800
- Adj. dividend
- $0.1800
- Yield (ex-date)
- 2.48%
Ex-date Sep 5, 2023
- Payment date
- Sep 27, 2023
- Dividend
- $0.1800
- Adj. dividend
- $0.1800
- Yield (ex-date)
- 2.34%
Ex-date Jun 20, 2023
- Payment date
- Jul 12, 2023
- Dividend
- $0.1800
- Adj. dividend
- $0.1800
- Yield (ex-date)
- 1.57%
| Ex-Date | Payment Date | Dividend | Adj. Dividend | Yield (ex-date) |
|---|---|---|---|---|
| Mar 12, 2026 | Apr 2, 2026 | $0.1800 | $0.1800 | 1.86% |
| Dec 26, 2025 | Jan 16, 2026 | $0.1800 | $0.1800 | 1.74% |
| Sep 3, 2025 | Sep 24, 2025 | $0.1800 | $0.1800 | 2.23% |
| Jun 18, 2025 | Jul 9, 2025 | $0.1800 | $0.1800 | 2.31% |
| Mar 12, 2025 | Apr 2, 2025 | $0.1800 | $0.1800 | 2.39% |
| Dec 26, 2024 | Jan 16, 2025 | $0.1800 | $0.1800 | 2.11% |
| Sep 4, 2024 | Sep 25, 2024 | $0.1800 | $0.1800 | 2.44% |
| Jun 18, 2024 | Jul 10, 2024 | $0.1800 | $0.1800 | 2.53% |
| Mar 5, 2024 | Mar 27, 2024 | $0.1800 | $0.1800 | 2.09% |
| Dec 20, 2023 | Jan 11, 2024 | $0.1800 | $0.1800 | 2.48% |
| Sep 5, 2023 | Sep 27, 2023 | $0.1800 | $0.1800 | 2.34% |
| Jun 20, 2023 | Jul 12, 2023 | $0.1800 | $0.1800 | 1.57% |
Historical Dividend Yield
Dividend Growth
Dividend Increase Track Record
The table shows 23 year-over-year increases across 46 calendar years of data (1980–2025).
| Year | Previous DPS | New DPS | Change |
|---|---|---|---|
| 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 | — |
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.
Frequently asked questions
Does Southwest Airlines pay dividends?
- Yes, Southwest Airlines (LUV) pays quarterly dividends of approximately $0.72 per share annually, yielding 1.91%.
What is Southwest Airlines's dividend yield?
- Southwest Airlines (LUV) has a current dividend yield of 1.91%.
Is Southwest Airlines's dividend safe?
- Southwest Airlines (LUV) passes 2 out of 5 dividend safety checks. See the detailed breakdown above for each criterion.
How many consecutive years has Southwest Airlines increased its dividend?
- Southwest Airlines (LUV) has 0 consecutive years of dividend increases.
What is Southwest Airlines's dividend payout ratio?
- Southwest Airlines (LUV) has a dividend payout ratio of 90.5%.