Southwest Airlines (LUV) Raises Quarterly Dividend 33.3% to $0.10; 0.9% Yield
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Southwest Airlines (LUV) Announces Dividend Hike, New $2B Stock Buyback Plan
May 18, 2016 11:11 AM EDTSouthwest Airlines Co. (NYSE: LUV) announces the Southwest Airlines Board of Directors, at its meeting held today, increased the Company's quarterly dividend by 33 percent and authorized a new $2 billion share repurchase program. Under the new $2 billion share repurchase authorization, the Company intends to repurchase an initial $500 million of Southwest common stock under an accelerated share repurchase program. The quarterly dividend will increase to $.10 per share from $.075 per share, beginning with the 159th... More
