LUV Dividend History & Analysis | 2.1% Yield

LUV has a dividend yield of 2.1% and paid 0.9 USD per share in the last 12M. Complete payout history, full analyses and peer comparison.

Yield 12m 2.05%
Payout Ratio 45.9%
Growth Rate CAGR 5y -10.6%
Consistency Lifetime 87.8%
Yield on Cost 5y 1.6%
Payout FCF -
Streak Years 1
Dividend Rating 18.7%
Ex-Dividend in 12 days: Buy before Jun 11, 2026 to receive the next dividend.
Dividends Cash Amount per Share Yearly This chart shows the yearly cash amount paid as dividends per share.
Dividend Growth Year over Year This chart shows the annual dividend growth rate compared to the previous year.
5 Years Chart with Price and Dividend Yield This chart shows the dividend yield and price over time. Price is displayed as gray area (left axis), yield as dark blue line (right axis) and average yield as orange dashed line.
■ Payout Yield (right) ■ Price (left) ┅┅ Avg Payout Yield

Top Dividend Payers in Passenger Airlines

Top 5 Dividend Yields of Peer-Group
SYMBOL MARKET CAP USD YIELD TTM YIELD ON COST 5y
CPA 5,590 M 5.44% 11.62%
LTM 14,712 M 2.95% 6.59%
IAG 24,702 M 2.40% 4.97%
RYAAY 31,014 M 2.41% 3.41%
DAL 49,702 M 1.47% 1.63%
Top 5 Dividend Growth Rates of Peer-Group
SYMBOL MARKET CAP USD GROWTH RATE CONSISTENCY
IAG 24,702 M 307.00% 57.5%
DAL 49,702 M 83.85% 73.3%
UHAL-B 9,048 M 71.00% 99.0%
CPA 5,590 M 40.12% 74.5%
RYAAY 31,014 M 13.62% 16.2%
Quality Dividend Peers in Passenger Airlines CPA Copa Holdings
5.44% Yield DAL Delta Air Lines
1.47% Yield
LUV Dividend History: Last 50 Payments (USD) as of May 2026
EX-DATE RECORD PAYMENT PERIOD DIV/SHARE GROWTH PAYOUT YIELD
2026-06-11 2026-06-11 2026-07-02 Quarterly 0.18 0% N/A
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% 0.57%
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% 0.53%
2023-01-09 2023-01-10 2023-01-31 Quarterly 0.18 0% 0.51%
2020-03-03 2020-03-04 2020-03-25 Quarterly 0.18 0% N/A
2019-12-10 2019-12-11 2020-01-08 Quarterly 0.18 0% N/A
2019-08-20 2019-08-21 2019-09-11 Quarterly 0.18 0% N/A
2019-06-04 2019-06-05 2019-06-26 Quarterly 0.18 +12.5% N/A
2019-03-05 2019-03-06 2019-03-27 Quarterly 0.16 0% N/A
2018-12-04 2018-12-05 2019-01-02 Quarterly 0.16 0% N/A
2018-08-21 2018-08-22 2018-09-12 Quarterly 0.16 0% N/A
2018-06-05 2018-06-06 2018-06-27 Quarterly 0.16 +28% N/A
2018-03-06 2018-03-07 2018-03-28 Quarterly 0.125 0% N/A
2017-12-06 2017-12-07 2018-01-04 Quarterly 0.125 0% N/A
2017-08-22 2017-08-24 2017-09-14 Quarterly 0.125 0% N/A
2017-06-05 2017-06-07 2017-06-28 Quarterly 0.125 +25% N/A
2017-03-07 2017-03-09 2017-03-30 Quarterly 0.1 0% N/A
2016-12-06 2016-12-08 2017-01-05 Quarterly 0.1 0% N/A
2016-08-16 2016-08-18 2016-09-08 Quarterly 0.1 0% N/A
2016-06-06 2016-06-08 2016-06-29 Quarterly 0.1 +33.3% N/A
2016-03-01 2016-03-03 2016-03-24 Quarterly 0.075 0% N/A
2015-12-08 2015-12-10 2016-01-07 Quarterly 0.075 0% N/A
2015-08-18 2015-08-20 2015-09-10 Quarterly 0.075 0% N/A
2015-06-01 2015-06-03 2015-06-24 Quarterly 0.075 +25% N/A
2015-03-03 2015-03-05 2015-03-26 Quarterly 0.06 0% N/A
2014-12-09 2014-12-11 2015-01-02 Quarterly 0.06 0% N/A
2014-08-19 2014-08-21 2014-09-12 Quarterly 0.06 0% N/A
2014-06-02 2014-06-04 2014-06-25 Quarterly 0.06 +50% N/A
2014-03-04 2014-03-06 2014-03-27 Quarterly 0.04 0% N/A
2013-12-10 2013-12-12 2014-01-02 Quarterly 0.04 0% N/A
2013-08-06 2013-08-08 2013-08-29 Quarterly 0.04 0% N/A
2013-06-03 2013-06-05 2013-06-26 Quarterly 0.04 +300% N/A
2013-03-05 2013-03-07 2013-03-28 Quarterly 0.01 0% N/A
2012-12-04 2012-12-06 2013-01-03 Quarterly 0.01 0% N/A
2012-08-14 2012-08-16 2012-09-06 Quarterly 0.01 0% N/A
2012-06-04 2012-06-06 2012-06-20 Quarterly 0.01 +100% N/A
2012-02-28 2012-03-01 2012-03-22 Quarterly 0.005 0% N/A
2011-12-06 2011-12-08 2012-01-05 Quarterly 0.005 0% N/A
2011-08-23 2011-08-25 2011-09-15 Quarterly 0.005 0% N/A

LUV Dividend FAQ

What is the Dividend Yield of LUV?

As of May 2026, LUV's dividend yield is 2.05%. This is calculated by dividing the trailing 12-month dividend rate (TTM rate) of 0.90 USD by the current share price of 43.31.

Does LUV pay a dividend?

As of May 2026, LUV paid a dividend of 0.90 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 5 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 0.175 (-2.8%) and 0.184 (+2.2%). This suggests the dividend will remain relatively stable. The expected Yield for the next 12 months is about 1.66%.

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 2026-06-11.

What is the next Ex-Dividend Date for LUV?

The next Ex-Dividend date for Southwest Airlines (LUV) is 2026-06-11.

What is the Dividend Growth of LUV?

LUV's average dividend growth rate over the past 5 years is -10.6% per year. Negative growth: LUV's dividend growth is negative and declining.

What is the Yield on Cost of LUV?

LUV's 5-Year Yield on Cost is 1.58%. If you bought LUV's shares at 56.83 USD five years ago, your current annual dividend income (0.90 USD per share, trailing 12 months) equals 1.58% of your original purchase price.

What is the Payout Consistency of LUV?

LUV Payout Consistency is 87.8%. 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. Moderately consistent: Southwest Airlines has a good track record of consistent dividend payments over its lifetime.

Does LUV have a good Dividend Yield?

LUV's 2.05% Dividend Yield is considered as moderate. This is usually a sign of a value company.

What is the Dividend Payout Ratio of LUV?

The Dividend Payout Ratio of LUV is 45.9%. Healthy - Leaves room for growth and provides some protection to maintain dividends even in a recession.

What is the Dividend Rating of LUV?

LUV's Overall Dividend Rating is 18.67%. 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 7.26% annually over the past 3 years (Trend Reliability: -64.4%). 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 503,000,000 -3.45%

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: 2026-05-25 02:16 UTC