Southwest Airlines Co. (LUV) Dividend History
LUV latest dividend
$0.18last dividend per share
Ex-dividend dateSep 3Thursday, 2026
Payment dateSep 24Thursday, 2026
The next dividend has not been announced yet.
- 2023paying since
- Quarterly4 payments a year
- —5-year growth a year
- 1.82%forward yield
LUV dividend income calculator
- Dividend income a year
- $72
- Each payment
- $18
- Value of the shares
- $3,950
- Dividend yield
- 1.82%
At the latest close; forward annual dividend $0.72 per share, before tax.
LUV dividends per share by year
Dividends per shareYield at year-end (right axis)
Calendar years by ex-dividend date. Yield = the year's dividends divided by the year-end share price.
LUV dividend safety
Payout ratio (earnings)34.6%
Well covered · of trailing twelve-month earnings paid as dividends
Years of increases0
Short record · consecutive calendar years with a higher dividend
Descriptive bands, not a rating.
LUV yield on cost
| Bought | Price paid | Yield on cost | Dividends since | % of price |
|---|---|---|---|---|
| 1 year ago | $33.52 | 2.15% | $0.72 | 2.1% |
| 3 years ago | $24.70 | 2.91% | $2.16 | 8.7% |
| 5 years ago | $49.77 | 1.45% | $2.88 | 5.8% |
| 10 years ago | $41.68 | 1.73% | $4.94 | 11.9% |
| 20 years ago | $16.54 | 4.35% | $5.99 | 36.2% |
Today’s forward dividend as a yield on the price paid then, and the dividends one share has paid since (split-adjusted, before tax).
LUV dividend payments
Payment
Each bar is one payment, by ex-dividend month (last 40 payments).
LUV dividends by year
| Year | Dividends per share | Growth | Yield (year-end) | Payments |
|---|---|---|---|---|
| 2025 | $0.72 | 0.0% | 1.74% | 4 |
| 2024 | $0.72 | −20.0% | 2.14% | 4 |
| 2023 | $0.90 | — | 3.12% | 5 |
LUV dividend history
180 payments| Ex-dividend date | Payment date | Amount | Change | Frequency |
|---|---|---|---|---|
| 2026-09-03 | 2026-09-24 | $0.18 | — | Quarterly |
| 2026-06-11 | 2026-07-02 | $0.18 | — | Quarterly |
| 2026-03-12 | 2026-04-02 | $0.18 | — | Quarterly |
| 2025-12-26 | 2026-01-16 | $0.18 | — | Quarterly |
| 2025-09-03 | 2025-09-24 | $0.18 | — | Quarterly |
| 2025-06-18 | 2025-07-09 | $0.18 | — | Quarterly |
| 2025-03-12 | 2025-04-02 | $0.18 | — | Quarterly |
| 2024-12-26 | 2025-01-16 | $0.18 | — | Quarterly |
| 2024-09-04 | 2024-09-25 | $0.18 | — | Quarterly |
| 2024-06-18 | 2024-07-10 | $0.18 | — | Quarterly |
| 2024-03-05 | 2024-03-27 | $0.18 | — | Quarterly |
| 2023-12-20 | 2024-01-11 | $0.18 | — | Quarterly |
| 2023-09-05 | 2023-09-27 | $0.18 | — | Quarterly |
| 2023-06-20 | 2023-07-12 | $0.18 | — | Quarterly |
| 2023-03-07 | 2023-03-29 | $0.18 | — | Quarterly |
| 2023-01-09 | 2023-01-31 | $0.18 | — | Quarterly |
Show all 180 payments
| Ex-dividend date | Payment date | Amount | Change | Frequency |
|---|---|---|---|---|
| 2020-03-03 | 2020-03-25 | $0.18 | — | Quarterly |
| 2019-12-10 | 2020-01-08 | $0.18 | — | Quarterly |
| 2019-08-20 | 2019-09-11 | $0.18 | — | Quarterly |
| 2019-06-04 | 2019-06-26 | $0.18 | +12.5% | Quarterly |
| 2019-03-05 | 2019-03-27 | $0.16 | — | Quarterly |
| 2018-12-04 | 2019-01-02 | $0.16 | — | Quarterly |
| 2018-08-21 | 2018-09-12 | $0.16 | — | Quarterly |
| 2018-06-05 | 2018-06-27 | $0.16 | +28.0% | Quarterly |
| 2018-03-06 | 2018-03-28 | $0.125 | — | Quarterly |
| 2017-12-06 | 2018-01-04 | $0.125 | — | Quarterly |
| 2017-08-22 | 2017-09-14 | $0.125 | — | Quarterly |
| 2017-06-05 | 2017-06-28 | $0.125 | +25.0% | Quarterly |
| 2017-03-07 | 2017-03-30 | $0.1 | — | Quarterly |
| 2016-12-06 | 2017-01-05 | $0.1 | — | Quarterly |
| 2016-08-16 | 2016-09-08 | $0.1 | — | Quarterly |
| 2016-06-06 | 2016-06-29 | $0.1 | +33.3% | Quarterly |
| 2016-03-01 | 2016-03-24 | $0.075 | — | Quarterly |
| 2015-12-08 | 2016-01-07 | $0.075 | — | Quarterly |
| 2015-08-18 | 2015-09-10 | $0.075 | — | Quarterly |
| 2015-06-01 | 2015-06-24 | $0.075 | +25.0% | Quarterly |
| 2015-03-03 | 2015-03-26 | $0.06 | — | Quarterly |
| 2014-12-09 | 2015-01-02 | $0.06 | — | Quarterly |
| 2014-08-19 | 2014-09-12 | $0.06 | — | Quarterly |
| 2014-06-02 | 2014-06-25 | $0.06 | +50.0% | Quarterly |
| 2014-03-04 | 2014-03-27 | $0.04 | — | Quarterly |
| 2013-12-10 | 2014-01-02 | $0.04 | — | Quarterly |
| 2013-08-06 | 2013-08-29 | $0.04 | — | Quarterly |
| 2013-06-03 | 2013-06-26 | $0.04 | +300.0% | Quarterly |
| 2013-03-05 | 2013-03-28 | $0.01 | — | Quarterly |
| 2012-12-04 | 2013-01-03 | $0.01 | — | Quarterly |
| 2012-08-14 | 2012-09-06 | $0.01 | — | Quarterly |
| 2012-06-04 | 2012-06-20 | $0.01 | +100.0% | Quarterly |
| 2012-02-28 | 2012-03-22 | $0.005 | — | Quarterly |
| 2011-12-06 | 2012-01-05 | $0.005 | — | Quarterly |
| 2011-08-23 | 2011-09-15 | $0.005 | — | Quarterly |
| 2011-06-06 | 2011-06-22 | $0.005 | — | Quarterly |
| 2011-03-01 | 2011-03-24 | $0.005 | — | Quarterly |
| 2010-12-07 | 2011-01-06 | $0.005 | — | Quarterly |
| 2010-08-24 | 2010-09-16 | $0.005 | — | Quarterly |
| 2010-06-07 | 2010-06-23 | $0.005 | — | Quarterly |
| 2010-03-02 | 2010-03-25 | $0.005 | — | Quarterly |
| 2009-12-08 | 2010-01-07 | $0.005 | — | Quarterly |
| 2009-09-01 | 2009-09-24 | $0.005 | — | Quarterly |
| 2009-06-08 | 2009-06-24 | $0.005 | — | Quarterly |
| 2009-02-24 | 2009-03-19 | $0.005 | — | Quarterly |
| 2008-12-09 | 2009-01-08 | $0.005 | — | Quarterly |
| 2008-08-26 | 2008-09-18 | $0.005 | — | Quarterly |
| 2008-06-10 | 2008-06-26 | $0.005 | — | Quarterly |
| 2008-02-26 | 2008-03-20 | $0.005 | — | Quarterly |
| 2007-12-04 | 2008-01-03 | $0.005 | — | Quarterly |
| 2007-08-28 | 2007-09-20 | $0.005 | — | Quarterly |
| 2007-06-05 | 2007-06-28 | $0.005 | — | Quarterly |
| 2007-02-27 | 2007-03-22 | $0.005 | — | Quarterly |
| 2006-12-05 | 2007-01-04 | $0.005 | — | Quarterly |
| 2006-08-29 | 2006-09-21 | $0.005 | — | Quarterly |
| 2006-06-06 | 2006-06-29 | $0.005 | — | Quarterly |
| 2006-02-28 | 2006-03-23 | $0.005 | — | Quarterly |
| 2005-12-06 | 2006-01-05 | $0.005 | — | Quarterly |
| 2005-08-30 | 2005-09-22 | $0.005 | — | Quarterly |
| 2005-06-07 | 2005-06-30 | $0.005 | — | Quarterly |
| 2005-03-01 | 2005-03-24 | $0.005 | — | Quarterly |
| 2004-12-07 | 2005-01-06 | $0.005 | — | Quarterly |
| 2004-08-31 | 2004-09-23 | $0.005 | — | Quarterly |
| 2004-06-08 | 2004-06-30 | $0.005 | — | Quarterly |
| 2004-03-02 | 2004-03-25 | $0.005 | — | Quarterly |
| 2003-12-03 | 2004-01-06 | $0.005 | — | Quarterly |
| 2003-08-29 | 2003-09-24 | $0.005 | — | Quarterly |
| 2003-06-02 | 2003-06-25 | $0.005 | — | Quarterly |
| 2003-03-04 | 2003-03-27 | $0.005 | — | Quarterly |
| 2002-12-09 | 2003-01-10 | $0.005 | — | Quarterly |
| 2002-08-30 | 2002-09-25 | $0.005 | — | Quarterly |
| 2002-06-03 | 2002-06-26 | $0.005 | — | Quarterly |
| 2002-02-27 | 2002-03-26 | $0.005 | — | Quarterly |
| 2001-12-03 | 2002-01-04 | $0.005 | — | Quarterly |
| 2001-08-31 | 2001-09-27 | $0.005 | +66.7% | Quarterly |
| 2001-06-04 | 2001-06-27 | $0.003 | −40.0% | Quarterly |
| 2001-02-28 | 2001-03-27 | $0.005 | +25.0% | Quarterly |
| 2000-12-04 | 2001-01-03 | $0.004 | — | Quarterly |
| 2000-09-01 | 2000-09-27 | $0.004 | — | Quarterly |
| 2000-05-31 | 2000-06-27 | $0.004 | — | Quarterly |
| 2000-03-01 | 2000-03-28 | $0.004 | — | Quarterly |
| 1999-12-06 | 2000-01-04 | $0.004 | +20.1% | Quarterly |
| 1999-08-30 | 1999-09-22 | $0.0033 | −6.5% | |
| 1999-06-02 | 1999-06-29 | $0.0036 | — | Quarterly |
| 1999-03-03 | 1999-03-30 | $0.0036 | — | Quarterly |
| 1998-12-07 | 1999-01-05 | $0.0036 | — | Quarterly |
| 1998-08-31 | 1998-09-23 | $0.0036 | +20.3% | Quarterly |
| 1998-06-03 | 1998-06-30 | $0.003 | — | Quarterly |
| 1998-03-04 | 1998-03-31 | $0.003 | — | Quarterly |
| 1997-12-08 | 1998-01-06 | $0.003 | +24.9% | Quarterly |
| 1997-08-29 | 1997-09-24 | $0.0024 | — | Quarterly |
| 1997-05-28 | 1997-06-24 | $0.0024 | — | Quarterly |
| 1997-02-26 | 1997-03-25 | $0.0024 | +19.7% | Quarterly |
| 1996-12-09 | 1997-01-07 | $0.002 | — | Quarterly |
| 1996-08-30 | 1996-09-25 | $0.002 | −82.2% | Quarterly |
| 1996-08-28 | — | $0.0111 | +462.6% | |
| 1996-05-29 | 1996-06-25 | $0.002 | — | Quarterly |
| 1996-02-28 | 1996-03-26 | $0.002 | — | Quarterly |
| 1995-12-04 | 1996-01-02 | $0.002 | −80.4% | Quarterly |
| 1995-12-01 | — | $0.0101 | +411.1% | |
| 1995-09-01 | 1995-09-27 | $0.002 | −80.4% | Quarterly |
| 1995-05-29 | — | $0.0101 | +411.1% | |
| 1995-05-26 | 1995-06-27 | $0.002 | — | Quarterly |
| 1995-02-27 | 1995-03-28 | $0.002 | — | Quarterly |
| 1994-11-30 | 1995-01-03 | $0.002 | — | Quarterly |
| 1994-08-30 | 1994-09-27 | $0.002 | — | Quarterly |
| 1994-05-27 | 1994-06-27 | $0.002 | — | Quarterly |
| 1994-02-28 | 1994-03-28 | $0.002 | — | Quarterly |
| 1993-11-30 | 1993-12-27 | $0.002 | — | Quarterly |
| 1993-08-30 | 1993-09-27 | $0.002 | — | Quarterly |
| 1993-05-28 | 1993-06-25 | $0.002 | — | Quarterly |
| 1993-02-26 | 1993-03-26 | $0.002 | — | Quarterly |
| 1992-12-01 | 1992-12-28 | $0.002 | — | Quarterly |
| 1992-08-31 | 1992-09-28 | $0.002 | +11.2% | Quarterly |
| 1992-06-01 | 1992-06-26 | $0.0018 | +7.9% | Quarterly |
| 1992-02-28 | 1992-03-26 | $0.0016 | — | Quarterly |
| 1991-11-29 | 1991-12-26 | $0.0016 | — | Quarterly |
| 1991-08-29 | 1991-09-26 | $0.0016 | — | Quarterly |
| 1991-05-31 | 1991-06-27 | $0.0016 | — | Quarterly |
| 1991-03-01 | 1991-03-28 | $0.0016 | — | Quarterly |
| 1990-11-29 | 1990-12-20 | $0.0016 | — | Quarterly |
| 1990-09-06 | 1990-09-26 | $0.0016 | +7.1% | Quarterly |
| 1990-06-07 | 1990-06-28 | $0.0015 | — | Quarterly |
| 1990-03-05 | 1990-03-27 | $0.0015 | — | Quarterly |
| 1989-11-29 | 1989-12-20 | $0.0015 | — | Quarterly |
| 1989-09-01 | 1989-09-26 | $0.0015 | — | Quarterly |
| 1989-06-07 | 1989-06-28 | $0.0015 | — | |
| 1989-03-06 | 1989-03-27 | $0.0015 | — | |
| 1988-11-29 | 1988-12-20 | $0.0015 | +9.2% | |
| 1988-09-02 | 1988-09-26 | $0.0014 | — | |
| 1988-06-07 | 1988-06-28 | $0.0014 | — | |
| 1988-03-04 | 1988-03-25 | $0.0014 | — | |
| 1987-11-27 | 1987-12-18 | $0.0014 | — | |
| 1987-09-02 | 1987-09-25 | $0.0014 | — | |
| 1987-06-08 | 1987-06-26 | $0.0014 | — | |
| 1987-03-04 | 1987-03-26 | $0.0014 | — | |
| 1986-11-26 | — | $0.0014 | — | |
| 1986-09-03 | — | $0.0014 | — | |
| 1986-06-06 | — | $0.0014 | — | |
| 1986-03-05 | — | $0.0014 | — | |
| 1985-11-26 | — | $0.0014 | — | |
| 1985-09-04 | — | $0.0014 | — | |
| 1985-06-06 | — | $0.0014 | — | |
| 1985-03-06 | — | $0.0014 | — | |
| 1984-11-28 | — | $0.0014 | — | |
| 1984-09-05 | — | $0.0014 | — | |
| 1984-06-04 | — | $0.0014 | — | |
| 1984-03-07 | — | $0.0014 | — | |
| 1983-11-30 | — | $0.0014 | — | |
| 1983-09-02 | — | $0.0014 | — | |
| 1983-05-31 | — | $0.0014 | — | |
| 1983-03-09 | — | $0.0014 | — | |
| 1982-11-26 | — | $0.0014 | — | |
| 1982-09-03 | — | $0.0014 | — | |
| 1982-06-04 | — | $0.0014 | — | |
| 1982-03-09 | — | $0.0014 | — | |
| 1981-11-25 | — | $0.0014 | +25.9% | |
| 1981-09-02 | — | $0.0011 | — | |
| 1981-06-09 | — | $0.0011 | — | |
| 1981-03-10 | — | $0.0011 | — | |
| 1980-11-28 | — | $0.0011 | — | |
| 1980-09-30 | — | $0.0011 | +49.3% | |
| 1980-06-06 | — | $0.0008 | — | |
| 1980-03-03 | — | $0.0008 | — |
Amounts per share, adjusted for stock splits. Highlighted rows are announced but not yet paid.
LUV stock split history
- 3:2February 16, 2001
- 3:2July 20, 1999
- 3:2August 21, 1998
- 3:2November 28, 1997
- 3:2July 16, 1993
- 2:1July 16, 1992
- 3:2August 30, 1990
- 5:4January 30, 1984
- 2:1January 24, 1983
- 5:4October 23, 1981
- 3:2September 23, 1980
LUV dividend overview
Southwest Airlines pays an annual dividend of $0.72 per share, a yield of 1.82% at the latest close, paid quarterly. It paid $0.72 per share in 2025, unchanged from 2024. The payout ratio is 34.6% of trailing earnings.
Related: LUV cash flow statement, LUV key metrics, LUV chart. See the LUV stock overview for the latest quote and news.
LUV dividends FAQ
Does Southwest Airlines pay a dividend?
Yes. Southwest Airlines has paid a regular dividend since 2023, quarterly, most recently $0.18 per share with an ex-dividend date of September 3, 2026. It also paid dividends from 1980 to 2020.
What is Southwest Airlines's dividend yield?
Southwest Airlines's forward annual dividend is $0.72 per share, a dividend yield of 1.82% at the latest close of $39.50.
How often does Southwest Airlines pay dividends?
Southwest Airlines pays dividends quarterly.
What is Southwest Airlines's dividend payout ratio?
Southwest Airlines pays out 34.6% of its trailing earnings as dividends.
Has Southwest Airlines split its stock?
Southwest Airlines has split its stock 11 times: 3:2 on February 16, 2001, 3:2 on July 20, 1999, 3:2 on August 21, 1998, 3:2 on November 28, 1997, 3:2 on July 16, 1993, 2:1 on July 16, 1992, 3:2 on August 30, 1990, 5:4 on January 30, 1984, 2:1 on January 24, 1983, 5:4 on October 23, 1981, 3:2 on September 23, 1980. Dividends per share on this page are adjusted for splits.