What does "dividends paid" mean for Southwest Airlines?

Dividends paid is the total cash Southwest Airlines distributed to all common shareholders during a period, as reported in the Cash Flow Statement under financing activities. It is an aggregate dollar amount — not a per-share figure. To find the dividend per share (DPS), divide dividends paid by the weighted-average share count for the same period.

How much did Southwest Airlines pay in total dividends (TTM)?

Southwest Airlines (LUV) paid $282M in total cash dividends to common shareholders as of the trailing twelve months (TTM) ending June 30, 2026. This is the aggregate amount from the Cash Flow Statement, not adjusted for share count.

Is Southwest Airlines paying more or less in total dividends than last year?

Southwest Airlines (LUV) total dividends paid changed -7.2% year-over-year based on the latest annual filing. An increase means the company distributed more cash in aggregate — either because the per-share dividend was raised, the share count grew, or both.

What is the long-term growth rate of Southwest Airlines's total dividends paid?

Southwest Airlines (LUV) total cash dividends paid have grown at a +16.2% compound annual rate over the most recent 5 years. This reflects both dividend-per-share growth and any changes in share count over that period.

In which year did Southwest Airlines pay the most in total dividends?

Southwest Airlines paid the highest aggregate cash dividend of $430M in 2024, based on annual Cash Flow Statement data.

How much did Southwest Airlines pay in total dividends in 2024?

Southwest Airlines (LUV) paid $430M in total cash dividends to common shareholders in 2024.

How much did Southwest Airlines pay in total dividends in 2025?

Southwest Airlines (LUV) paid $399M in total cash dividends to common shareholders in 2025.

Southwest Airlines (LUV) Dividends Paid

Latest period

$282M

YoY change

-7.2%

5Y CAGR

+16.2%

Peak year (FY2024)

$430M

Dividends Paid history chart for Southwest Airlines (LUV) from 2016 to 2025

Latest: $399M

Dividends Paid growth chart for Southwest Airlines (LUV) from 2016 to 2025

Latest: -7.2%

Dividends Paid history table for Southwest Airlines (LUV) from 1989 to 2025


FY2025	$399M	-7.2%	-$31M	Dec 31, 2025	Feb 5, 2026
FY2024	$430M	+0.5%	+$2M	Dec 31, 2024	Feb 7, 2025
FY2023	$428M	—	+$428M	Dec 31, 2023	Feb 6, 2024
FY2022	$0.00	—	$0.00	Dec 31, 2022	Feb 7, 2023
FY2021	$0.00	-100.0%	-$188M	Dec 31, 2021	Feb 7, 2022
FY2020	$188M	-49.5%	-$184M	Dec 31, 2020	Feb 8, 2021
FY2019	$372M	+12.0%	+$40M	Dec 31, 2019	Feb 4, 2020
FY2018	$332M	+21.2%	+$58M	Dec 31, 2018	Feb 5, 2019
FY2017	$274M	+23.4%	+$52M	Dec 31, 2017	Feb 7, 2018
FY2016	$222M	+23.3%	+$42M	Dec 31, 2016	Feb 7, 2017
FY2015	$180M	+29.5%	+$41M	Dec 31, 2015	Feb 3, 2016
FY2014	$139M	+95.8%	+$68M	Dec 31, 2014	Feb 11, 2015
FY2013	$71M	+222.7%	+$49M	Dec 31, 2013	Feb 4, 2014
FY2012	$22M	+57.1%	+$8M	Dec 31, 2012	Feb 7, 2013
FY2011	$14M	+7.7%	+$1M	Dec 31, 2011	Feb 9, 2012
FY2010	$13M	0.0%	$0.00	Dec 31, 2010	Feb 8, 2011
FY2009	$13M	0.0%	$0.00	Dec 31, 2009	Jan 29, 2010
FY2008	$13M	-7.1%	-$1M	Dec 31, 2008	Feb 2, 2009
FY2007	$14M	0.0%	$0.00	Dec 31, 2007	Feb 4, 2008
FY2006	$14M	0.0%	$0.00	Dec 31, 2006	Feb 1, 2007
FY2005	$14M	0.0%	$0.00	Dec 31, 2005	Feb 1, 2006
FY2004	$14M	0.0%	$0.00	Dec 31, 2004	Feb 4, 2005
FY2003	$14M	+0.9%	+$128K	Dec 31, 2003	Jan 29, 2004
FY2002	$13.9M	+3.2%	+$432K	Dec 31, 2002	Feb 5, 2003
FY2001	$13.4M	+22.4%	+$2.46M	Dec 31, 2001	Feb 4, 2002
FY2000	$11M	+1.6%	+$178K	Dec 31, 2000	Jan 26, 2001
FY1999	$10.8M	+16.3%	+$1.52M	Dec 31, 1999	Mar 28, 2000
FY1998	$9.28M	+40.8%	+$2.69M	Dec 31, 1998	Mar 26, 1999
FY1997	$6.59M	+6.1%	+$377K	Dec 31, 1997	Apr 8, 1998
FY1996	$6.22M	+9.1%	+$516K	Dec 31, 1996	Jul 10, 1997
FY1995	$5.7M	0.0%	$0.00	Dec 31, 1995	Mar 28, 1996
FY1994	$5.7M	+5.6%	+$300K	Dec 31, 1994	Mar 30, 1995
FY1993	$5.4M	+10.2%	+$500K	Dec 31, 1993	Dec 31, 1993
FY1992	$4.9M	+16.7%	+$700K	Dec 31, 1992	Dec 31, 1992
FY1991	$4.2M	+2.4%	+$100K	Dec 31, 1991	Dec 31, 1991
FY1990	$4.1M	-2.4%	-$100K	Dec 31, 1990	Dec 31, 1990
FY1989	$4.2M	—	—	Dec 31, 1989	Dec 31, 1989

FY2025$399M-7.2%
FY2024$430M+0.5%
FY2023$428M—
FY2022$0.00—
FY2021$0.00-100.0%
FY2020$188M-49.5%
FY2019$372M+12.0%
FY2018$332M+21.2%
FY2017$274M+23.4%
FY2016$222M+23.3%
FY2015$180M+29.5%
FY2014$139M+95.8%
FY2013$71M+222.7%
FY2012$22M+57.1%
FY2011$14M+7.7%
FY2010$13M0.0%
FY2009$13M0.0%
FY2008$13M-7.1%
FY2007$14M0.0%
FY2006$14M0.0%
FY2005$14M0.0%
FY2004$14M0.0%
FY2003$14M+0.9%
FY2002$13.9M+3.2%
FY2001$13.4M+22.4%
FY2000$11M+1.6%
FY1999$10.8M+16.3%
FY1998$9.28M+40.8%
FY1997$6.59M+6.1%
FY1996$6.22M+9.1%
FY1995$5.7M0.0%
FY1994$5.7M+5.6%
FY1993$5.4M+10.2%
FY1992$4.9M+16.7%
FY1991$4.2M+2.4%
FY1990$4.1M-2.4%
FY1989$4.2M—

Dividends Paid values are taken from Southwest Airlines's reported cash flow statements (quarterly 10-Q and annual 10-K filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the filing date. YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.

About Dividends Paid at Southwest Airlines (LUV)

Dividends Paid for Southwest Airlines (LUV): headline value $282M · YoY -7.2%. Annual and quarterly series, chart, and tables are below.

Headline figure above is from the reporting period ending June 30, 2026 (reported July 22, 2026). Chart and table below cover the full reported history back to 1989.

The 2025 reading of Southwest Airlines (LUV) dividends paid is $399M – declined 7.2% year-over-year.

Through 2020–2025 (5 years), Southwest Airlines dividends paid delivered a +16.2% annualised rate; with mixed annual results across the window.

Between 2024 and 2025, Southwest Airlines dividends paid declined 7.2%, falling from $430M to $399M.

The highest annual dividends paid of $430M was reported in 2024. The lowest in the available history was $0.00 in 2021.

Southwest Airlines Dividends Paid by Year

Southwest Airlines Dividends Paid 2025: $399M

In 2025, Southwest Airlines reported dividends paid of $399M, declined 7.2% below 2024.

Southwest Airlines Dividends Paid 2024: $430M

Southwest Airlines dividends paid in 2024 was $430M, edged up 0.5% from 2023. This figure represents the highest annual value in the available history.

Southwest Airlines Dividends Paid 2023: $428M

Southwest Airlines dividends paid in 2023 was $428M.

Southwest Airlines Dividends Paid 2022: $0.00

Southwest Airlines dividends paid in 2022 was $0.00.

Southwest Airlines Dividends Paid 2021: $0.00

Southwest Airlines dividends paid in 2021 was $0.00.

See more financial history for Southwest Airlines (LUV).

Sector peers by Dividends Paid

Industrials peers of Southwest Airlines (LUV), ranked by their latest dividends paid


RTX (RTX)	$3.57B
Union Pacific (UNP)	$3.24B
Caterpillar (CAT)	$2.75B
Deere & Company (DE)	$1.72B
GE Aerospace (GE)	$1.45B
Boeing (BA)	$331M
GE Vernova (GEV)	$275M
SpaceX (SPCX)	$0.00

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