Southwest Airlines (LUV) Raises Quarterly Dividend 50% to $0.06; 1% Yield
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Southwest Airlines (LUV) Boosts Qtr. Dividend 50%; Approves New $1B Buyback Plan
May 14, 2014 11:08 AM EDTSouthwest Airlines (NYSE: LUV) announces the Southwest Airlines Board of Directors, at its meeting held today, increased the Company's quarterly dividend by 50 percent and authorized a new $1 billion share repurchase program. Under the new $1 billion share repurchase authorization, an initial $200 million of Southwest common stock will be repurchased under an accelerated share repurchase program. The quarterly dividend will increase to $.06 per share from $.04 per share, beginning with the 151st consecutive quarterly dividend declared today to Shareholders of record at the close of business on June 4, 2014 on all shares then issued and outstanding. The dividend... More
