LUV Dividend History & Analysis | 1.9% Yield

LUV has a dividend yield of 1.9% and paid 0.72 USD per share in the last 12M. Complete payout history, full analyses and peer comparison.

Yield 12m 1.88%
Payout Ratio 28.7%
Growth Rate CAGR 5y -
Consistency Lifetime 93.8%
Yield on Cost 5y 1.5%
Payout FCF -
Streak Years 1
Dividend Rating 28.8%
Chowder Number yield + growth 1.9% below 15% target for healthy growth
Yield vs Average 5y -7.2% avg 2.03% vs now 1.88%
Debt / EBITDA leverage 1.5x healthy
Income per 10k invested 188 USD per year
Dividends Cash Amount per Share Yearly LUV annual dividends paid per share, showing the total cash Southwest Airlines distributed to shareholders each year.
Dividend Growth Year over Year LUV year-over-year dividend growth rate, showing how Southwest Airlines's dividend per share increased or decreased each year compared to the prior year.
Price and Yield per Payout History LUV dividend yield history versus share price over the past 5 years, showing how Southwest Airlines's payout yield moved at each dividend payment relative to its stock price.
┅┅ Payout Yield (right) Price (left)

Top Dividend Payers in Passenger Airlines

Top 9 Dividend Yields of Peer-Group
SYMBOL MARKET CAP USD YIELD TTM YIELD ON COST 5y
NAS OL
Norwegian Air Shuttle ASA
1,374 M 11.18% 17.73%
CPA NYSE
Copa Holdings
5,663 M 5.12% 10.80%
C6L SG
Singapore Airlines
19,045 M 5.78% 8.97%
LHA XETRA
Deutsche Lufthansa
12,012 M 4.02% 5.34%
LTM NYSE
LATAM Airlines S.A.
15,387 M 2.92% 6.59%
RYAAY NASDAQ
Ryanair Holdings
30,532 M 2.39% 3.71%
IAG MC
International Consolidated
24,895 M 1.86% 4.56%
DAL NYSE
Delta Air Lines
55,595 M 1.43% 2.43%
UHAL-B NYSE
U-Haul Holding
12,142 M 0.41% 0.39%
Top 6 Dividend Growth Rates of Peer-Group
SYMBOL MARKET CAP USD GROWTH RATE CONSISTENCY
DAL NYSE
Delta Air Lines
55,595 M 32.35% 100.0%
CPA NYSE
Copa Holdings
5,663 M 26.89% 98.8%
IAG MC
International Consolidated
24,895 M 27.45% 100.0%
UHAL-B NYSE
U-Haul Holding
12,142 M 7.13% 99.0%
LHA XETRA
Deutsche Lufthansa
12,012 M 4.87% 98.3%
C6L SG
Singapore Airlines
19,045 M 0.91% 95.0%

LUV Dividend History

Dividend Monthly Return EX date, 3.5 years of data

Jan 0.13% 25
Feb - -
Mar 0.53% 100
Apr - -
May - -
Jun 0.54% 100
Jul - -
Aug - -
Sep 0.58% 87
Oct - -
Nov - -
Dec 0.53% 87

Average monthly dividend return by ex-dividend date. The score below shows reliability based on how consistently dividends were paid in that month.

Last 15 Payments (USD) as of July 2026
EX-DATE RECORD PAYMENT PERIOD DIV/SHARE GROWTH PAYOUT YIELD
2026-06-11 2026-06-11 2026-07-02 Quarterly 0.18 0% 0.44%
2026-03-12 2026-03-12 2026-04-02 Quarterly 0.18 0% 0.44%
2025-12-26 2025-12-26 2026-01-16 Quarterly 0.18 0% 0.44%
2025-09-03 2025-09-03 2025-09-24 Quarterly 0.18 0% 0.56%
2025-06-18 2025-06-18 2025-07-09 Quarterly 0.18 0% 0.58%
2025-03-12 2025-03-12 2025-04-02 Quarterly 0.18 0% 0.59%
2024-12-26 2024-12-26 2025-01-16 Quarterly 0.18 0% 0.53%
2024-09-04 2024-09-04 2024-09-25 Quarterly 0.18 0% 0.61%
2024-06-18 2024-06-19 2024-07-10 Quarterly 0.18 0% 0.63%
2024-03-05 2024-03-06 2024-03-27 Quarterly 0.18 0% 0.53%
2023-12-20 2023-12-21 2024-01-11 Quarterly 0.18 0% 0.62%
2023-09-05 2023-09-06 2023-09-27 Quarterly 0.18 0% 0.58%
2023-06-20 2023-06-21 2023-07-12 Quarterly 0.18 0% 0.53%
2023-03-07 2023-03-08 2023-03-29 Quarterly 0.18 0% 0.54%
2023-01-09 2023-01-10 2023-01-31 Quarterly 0.18 0% 0.51%

LUV Dividend FAQ

What is the Dividend Yield of LUV?

As of July 2026, LUV's dividend yield is 1.88%. This is calculated by dividing the trailing 12-month dividend rate (TTM rate) of 0.72 USD by the current share price of 46.31.

Does LUV pay a dividend?

As of July 2026, LUV paid a dividend of 0.72 USD in the last 12 months. The last dividend was paid on 2026-06-11 and the payout was 0.18 USD.

How often does LUV pay dividends?

LUV pays dividends quarterly. Over the last 12 months, LUV has issued 4 dividend payments. The last dividend payment was made on 2026-06-11.

LUV dividend forecast

Based on historical data, the forecasted dividends per share for LUV for the next payments are between 0.18 (+0.0%) and 0.18 (+0.0%). This suggests the dividend will remain relatively stable. The expected Yield for the next 12 months is about 1.59%.

Will LUV pay dividends in 2026?

The latest dividend paid per share was 0.18 USD with an Ex-Dividend Date of 2026-06-11. The next Ex-Dividend date for Southwest Airlines (LUV) is currently unknown.

What is the next Ex-Dividend Date for LUV?

The next Ex-Dividend date for Southwest Airlines (LUV) is currently unknown. We automatically update the next Ex-Dividend date when it is announced.

What is the Dividend Growth of LUV?

LUV's average dividend growth rate over the past 5 years is 0.00% per year.

What is the Yield on Cost of LUV?

LUV's 5-Year Yield on Cost is 1.51%. If you bought LUV's shares at 46.59 USD five years ago, your current annual dividend income (0.72 USD per share, trailing 12 months) equals 1.51% of your original purchase price.

What is the Payout Consistency of LUV?

LUV Payout Consistency is 93.8%. The payout consistency is a proprietary measure of how consistently a company has paid dividends over its lifetime and blends growth rate, number of dividend payments, interruptions or lowering dividends into one number. Very consistent: Southwest Airlines has a strong track record of consistent dividend payments over its lifetime.

Does LUV have a good Dividend Yield?

LUV's 1.88% Dividend Yield is considered as low. This is usually a sign of a growth company.

What is the Dividend Payout Ratio of LUV?

The Dividend Payout Ratio of LUV is 28.7%. Very low - Often a strong indicator of potential dividend growth.

What is the Dividend Rating of LUV?

LUV's Overall Dividend Rating is 28.83%. Ratings surpassing 65% are regarded as acceptable, exceeding 75% are favorable and surpassing 85% are strong.

LUV Outstanding Shares Analysis

The Chart shows the outstanding shares over time per year.
What is the Trend in LUV's Outstanding Shares?

Southwest Airlines's outstanding shares have decreased by approximately 7.74% annually over the past 3 years (Trend Reliability: -89.2%). Shareholder-friendly: The company is actively buying back shares, reducing the share count. This increases earnings per share and often leads to higher dividends per share over time, as profits are distributed among fewer shareholders.

Has LUV ever had a Stock Split?

Yes, the last stock split was on Feb 16, 2001 with a ratio of 3:2. This was a forward split: Each share became 1.5 shares, lowering the price proportionally. The dividend per share was also adjusted downward by the same ratio, so total dividend income remained unchanged.

YEAR NUMBER OF SHARES ANNUAL GROWTH RATE
1985 840,000,000 0%
1986 706,666,700 -15.87%
1987 680,000,000 -3.77%
1988 665,000,000 -2.21%
1989 820,000,000 +23.31%
1990 766,666,700 -6.5%
1991 523,333,300 -31.74%
1992 672,500,000 +28.5%
1993 731,666,700 +8.8%
1994 732,500,000 +0.11%
1995 660,000,000 -9.9%
1996 727,142,900 +10.17%
1997 777,777,800 +6.96%
1998 736,923,100 -5.25%
1999 745,735,500 +1.2%
2000 760,225,000 +1.94%
2001 769,369,000 +1.2%
2002 778,000,000 +1.12%
2003 785,000,000 +0.9%
2004 784,000,000 -0.13%
2005 803,000,000 +2.42%
2006 786,000,000 -2.12%
2007 733,000,000 -6.74%
2008 740,000,000 +0.95%
2009 743,000,000 +0.41%
2010 748,000,000 +0.67%
2011 771,000,000 +3.07%
2012 736,000,000 -4.54%
2013 707,000,000 -3.94%
2014 686,000,000 -2.97%
2015 656,000,000 -4.37%
2016 621,000,000 -5.34%
2017 594,000,000 -4.35%
2018 561,000,000 -5.56%
2019 527,000,000 -6.06%
2020 590,000,000 +11.95%
2021 603,000,000 +2.2%
2022 594,000,000 -1.49%
2023 596,000,000 +0.34%
2024 641,000,000 +7.55%
2025 521,000,000 -18.72%
2026 498,000,000 -4.41%

Key Metric Definitions

Dividend Yield

Annual dividend per share divided by current share price.

Payout Ratio

Percentage of earnings paid as dividends. Below 60% = safe, above 100% = unsustainable.

Payout FCF

Percentage of Free Cash Flow paid as dividends. More reliable than Payout Ratio since it measures actual cash.

Growth Rate (CAGR)

Compound annual growth rate of dividends over the last 5 years.

Consistency

Reliability of dividend payments over lifetime. Penalizes cuts and pauses.

Yield on Cost

Your effective yield if you bought 5 years ago. Shows dividend growth impact over time.

Streak

Consecutive years of dividend payments. 25+ years = Dividend Aristocrat.

Dividend Rating

Proprietary score (0-100) combining yield, growth, safety and consistency.

Last update: 2026-07-18 02:38 UTC