LUV Dividend History & Analysis | 2.2% Yield

LUV has a dividend yield of 2.2% and paid 0.72 USD per share in the last 12M. Complete payout history, full analyses and peer comparison.

Yield 12m 2.18%
Payout Ratio 46.8%
Growth Rate CAGR 5y -10.56%
Consistency Lifetime 87.8%
Yield on Cost 5y 1.48%
Payout FCF -
Streak Years 3
Dividend Rating 18.50%

Dividends Cash Amount per Share Yearly

This chart shows the yearly cash amount paid as dividends per share. The exact values for each year can be found in the structured dataset with the html-id #yearly_dividend_dataset below.
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.
■ Yield (right) | ■ Price (left) | ┅ Avg Yield
Total Return 12m: 78.3%
Total Return 5y: 11.7%

Top Dividend Payers in Passenger Airlines

Top 5 Dividend Yields of Peer-Group
Symbol Market Cap USD Dividend Yield TTM Yield on Cost 5y
LTM 20,019 M 6.12% 10.4%
CPA 5,818 M 5.94% 9.40%
RYAAY 37,221 M 2.41% 3.82%
DAL 43,376 M 1.19% 1.61%
UHAL-B 9,843 M 0.38% 0.39%
Top 3 Dividend Growth Rates of Peer-Group
Symbol Market Cap USD Growth Rate Consistency
DAL 43,376 M 83.9% 73.3%
CPA 5,818 M 40.1% 74.5%
UHAL-B 9,843 M 8.47% 98.8%

Quality Dividend Peers in Passenger Airlines

CPA
Copa Holdings
 5.94% Yield
DAL
Delta Air Lines
 1.19% Yield

LUV Dividend History: Last 50 Payments (USD) as of February 2026

Ex-Dividend Date Record Date Payment Date Period Dividend per Share Dividend Growth Rate QoQ Payout Yield
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
2011-06-06 2011-06-08 2011-06-22 Quarterly 0.005 0% N/A
2011-03-01 2011-03-03 2011-03-24 Quarterly 0.005 0% N/A

LUV Dividend FAQ

Southwest Airlines Co. (NYSE:LUV) is a U.S.-based passenger carrier that operates scheduled flights across 117 domestic and near-international destinations, serving 42 states, D.C., Puerto Rico, and ten Caribbean and Central American countries. Its fleet consists exclusively of 803 Boeing 737 aircraft, and the airline complements its core service with inflight entertainment, the Rapid Rewards loyalty program, digital booking platforms (website, mobile apps, and SWABIZ), and ancillary offerings such as EarlyBird Check-In, upgraded boarding, and pet or unaccompanied-minor transport.

What is the Dividend Yield of LUV?

As of February 2026, LUV`s dividend yield is 2.18%. This is calculated by dividing the trailing 12-month dividend rate (TTM rate) of 0.72 USD by the current share price of 54.26.

Does LUV pay a dividend?

As of February 2026, LUV paid a dividend of 0.72 USD in the last 12 months. The last dividend was paid on 2025-12-26 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 2025-12-26.

LUV dividend forecast

Based on historical data, the forecasted dividends per share for LUV for the next 4 payments are between 0.188 (+4.4%) and 0.193 (+7.2%).
This indicates a solid dividend increase compared to the last payment.

Will LUV pay dividends in 2026?

The latest dividend paid per share was 0.18 USD with an Ex-Dividend Date of 2025-12-26. 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 -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 1.48%. If you bought LUV's shares at 48.60 USD five years ago, your current annual dividend income (0.72 USD per share, trailing 12 months) equals 1.48% 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 2.18% 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 46.8%. 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 18.50%. Ratings surpassing 65% are regarded as acceptable, exceeding 75% are favorable and surpassing 85% are strong.

LUV Outstanding Shares Analysis

What is the Trend in LUV's Outstanding Shares?

Southwest Airlines's outstanding shares have decreased by approximately 6.5% annually over the past 3 years (Trend Reliability: -33.3%).

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
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%

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: 2026-01-30 14:21