Southwest Airlines Co Plans Quarterly Dividend of $0.18 (NYSE:LUV)

Southwest Airlines Co (NYSE:LUV) declared a quarterly dividend on Wednesday, November 20th, RTT News reports. Stockholders of record on Wednesday, December 11th will be paid a dividend of 0.18 per share by the airline on Wednesday, January 8th. This represents a $0.72 annualized dividend and a dividend yield of 1.27%.

Shares of LUV traded down $0.78 during mid-day trading on Wednesday, hitting $56.77. 82,676 shares of the company’s stock were exchanged, compared to its average volume of 3,587,607. The company has a market cap of $30.41 billion, a PE ratio of 13.41, a P/E/G ratio of 1.49 and a beta of 1.48. Southwest Airlines has a 52 week low of $44.28 and a 52 week high of $58.77. The company has a 50-day simple moving average of $55.44 and a 200 day simple moving average of $52.78. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.65 and a quick ratio of 0.59.

Southwest Airlines (NYSE:LUV) last issued its quarterly earnings results on Thursday, October 24th. The airline reported $1.23 earnings per share for the quarter, topping the consensus estimate of $1.08 by $0.15. The company had revenue of $5.64 billion during the quarter, compared to analysts’ expectations of $5.65 billion. Southwest Airlines had a net margin of 10.90% and a return on equity of 24.71%. The business’s quarterly revenue was up 1.1% on a year-over-year basis. During the same period last year, the business earned $1.08 EPS. On average, analysts anticipate that Southwest Airlines will post 4.41 earnings per share for the current year.

Several brokerages have recently weighed in on LUV. Credit Suisse Group raised their price target on shares of Southwest Airlines from $55.00 to $60.00 and gave the stock a “neutral” rating in a research note on Friday, October 25th. Citigroup began coverage on shares of Southwest Airlines in a research note on Thursday, October 31st. They issued a “neutral” rating and a $59.00 target price for the company. Argus cut shares of Southwest Airlines from a “buy” rating to a “hold” rating in a research note on Tuesday, August 13th. Sanford C. Bernstein cut shares of Southwest Airlines from an “outperform” rating to a “market perform” rating and raised their target price for the company from $58.00 to $61.00 in a research note on Thursday, October 31st. Finally, Tigress Financial reissued a “buy” rating on shares of Southwest Airlines in a research note on Thursday, September 26th. One investment analyst has rated the stock with a sell rating, fourteen have issued a hold rating and six have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $59.01.

About Southwest Airlines

Southwest Airlines Co operates a passenger airline that provides scheduled air transportation services in the United States and near-international markets. As of December 31, 2018, the company operated a total of 750 Boeing 737 aircraft; and served 99 destinations in 40 states, the District of Columbia, and the Commonwealth of Puerto Rico, as well as 10 near-international countries, including Mexico, Jamaica, the Bahamas, Aruba, the Dominican Republic, Costa Rica, Belize, Cuba, the Cayman Islands, and Turks and Caicos.

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Dividend History for Southwest Airlines (NYSE:LUV)

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