Southwest Airlines (LUV) Raises Quarterly Dividend 25% to $0.075; 0.7% Yield
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Southwest Airlines Returns Value To Shareholders
May 13, 2015 11:10 AM EDTDALLAS, May 13, 2015 /PRNewswire/ -- Southwest Airlines (NYSE: LUV) (the "Company") announces the Southwest Airlines Board of Directors, at its meeting held today, increased the Company's quarterly dividend by 25 percent and authorized a new $1.5 billion share repurchase program. Under the new $1.5 billion share repurchase authorization, the Company intends to repurchase an initial $300 million of Southwest common stock under an accelerated share repurchase program. The quarterly dividend will increase to $.075 per share from $.06 per share, beginning with the 155th consecutive quarterly dividend declared today to Shareholders of record at the close of business... More
