Southwest Airlines (LUV) Raises Quarterly Dividend 25% to $0.075; 0.7% Yield
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Southwest Airlines (LUV) Announces 25% Dividend Increase, New $1.5B Buyback Plan
May 13, 2015 11:13 AM EDTSouthwest Airlines (NYSE: LUV) 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 on June 3, 2015 on all shares then issued and... More
