Southwest Airlines (LUV) dividend history and yield
Dividend summary
- Frequency
- Quarterly
- Trailing 12 months
- $0.72
- Forward yield
- 1.83%
- Payout ratio
- 34.6%
Southwest Airlines pays a quarterly dividend of $0.18 per share. Its most recent payment had an ex-date of September 3, 2026 and was paid on September 24, 2026. Over the trailing twelve months, it paid $0.72 per share, a yield of about 1.70% at a share price of $42.47.
The rate has not changed at any point in the table. Every payment shown, from December 2019 onward, was $0.18 per share. The record also has a long gap. After the payment that went ex-dividend in March 2020, no payments are listed until January 2023. Since then, payments have arrived every quarter without interruption. Calendar 2023 included five payments because two ex-dates fell inside that year, one in January and one in December. Payments totaled $0.72 per share in both 2024 and 2025. The source does not list a dividend growth streak, and the table shows no raises.
Recent ex-dates have fallen in March, June, September and December, with payment about three weeks later. The last two December ex-dates were both December 26. If the pattern holds, the next payment would go ex-dividend in late December 2026 and be paid in mid-January 2027.
Dividend per share by year
Dividend history
| Declared | Ex-dividend date | Pay date | Amount |
|---|---|---|---|
| Jul 30, 2026 | Sep 3, 2026 | Sep 24, 2026 | $0.18 |
| May 7, 2026 | Jun 11, 2026 | Jul 2, 2026 | $0.18 |
| Feb 5, 2026 | Mar 12, 2026 | Apr 2, 2026 | $0.18 |
| Nov 20, 2025 | Dec 26, 2025 | Jan 16, 2026 | $0.18 |
| Jul 31, 2025 | Sep 3, 2025 | Sep 24, 2025 | $0.18 |
| May 13, 2025 | Jun 18, 2025 | Jul 9, 2025 | $0.18 |
| Feb 5, 2025 | Mar 12, 2025 | Apr 2, 2025 | $0.18 |
| Nov 21, 2024 | Dec 26, 2024 | Jan 16, 2025 | $0.18 |
| Jul 31, 2024 | Sep 4, 2024 | Sep 25, 2024 | $0.18 |
| May 15, 2024 | Jun 18, 2024 | Jul 10, 2024 | $0.18 |
| Jan 31, 2024 | Mar 5, 2024 | Mar 27, 2024 | $0.18 |
| Nov 16, 2023 | Dec 20, 2023 | Jan 11, 2024 | $0.18 |
| Aug 2, 2023 | Sep 5, 2023 | Sep 27, 2023 | $0.18 |
| May 17, 2023 | Jun 20, 2023 | Jul 12, 2023 | $0.18 |
| Feb 1, 2023 | Mar 7, 2023 | Mar 29, 2023 | $0.18 |
| Dec 7, 2022 | Jan 9, 2023 | Jan 31, 2023 | $0.18 |
| Jan 29, 2020 | Mar 3, 2020 | Mar 25, 2020 | $0.18 |
| Nov 20, 2019 | Dec 10, 2019 | Jan 8, 2020 | $0.18 |
Frequently asked questions
Does Southwest Airlines (LUV) pay a dividend?
Yes. Southwest Airlines pays a quarterly dividend; the most recent payment was $0.18 per share.
What is LUV's dividend yield?
Southwest Airlines paid $0.72 per share over the trailing twelve months, a yield of 1.83% at the last price of $39.34. Click here to learn more
When is LUV's most recent ex-dividend date?
Southwest Airlines's most recent ex-dividend date is Sep 3, 2026, payable on Sep 24, 2026.
What is the difference between ex and payment dates?
An ex-date is the cutoff day for ownership, the payment date is when the distribution actually happens. Click here to learn more
Dividend amounts and dates are supplied by third parties and may be revised. Declaring, raising, cutting or suspending a dividend is entirely at the issuer’s discretion, and scheduled dates are estimates until declared. A past record of payments does not mean future payments will be made. Nothing here suggests trading around a distribution.
This page is for informational purposes only. Nothing on it is a recommendation, solicitation or offer to buy or sell any security, nor investment, legal or tax advice. Light Horse Securities Inc does not verify third-party data and is not responsible for its accuracy, completeness or timeliness.