Southwest Airlines Co (NYSE:LUV) declared a quarterly dividend on Wednesday, January 31st, RTT News reports. Investors of record on Wednesday, March 7th will be paid a dividend of 0.125 per share by the airline on Wednesday, March 28th. This represents a $0.50 annualized dividend and a dividend yield of 0.82%.

Southwest Airlines has increased its dividend by an average of 31.0% per year over the last three years and has increased its dividend every year for the last 6 years. Southwest Airlines has a payout ratio of 14.2% indicating that its dividend is sufficiently covered by earnings. Analysts expect Southwest Airlines to earn $5.77 per share next year, which means the company should continue to be able to cover its $0.50 annual dividend with an expected future payout ratio of 8.7%.

Southwest Airlines (NYSE LUV) opened at $60.80 on Thursday. The company has a quick ratio of 0.64, a current ratio of 0.70 and a debt-to-equity ratio of 0.45. Southwest Airlines has a one year low of $49.76 and a one year high of $66.99. The company has a market cap of $35,502.38, a price-to-earnings ratio of 10.45, a P/E/G ratio of 1.10 and a beta of 1.35.

Southwest Airlines (NYSE:LUV) last issued its earnings results on Thursday, January 25th. The airline reported $0.77 EPS for the quarter, topping the consensus estimate of $0.76 by $0.01. Southwest Airlines had a net margin of 16.48% and a return on equity of 23.43%. The company had revenue of $5.27 billion for the quarter, compared to the consensus estimate of $5.25 billion. During the same period in the previous year, the firm earned $0.75 earnings per share. The firm’s revenue for the quarter was up 3.9% on a year-over-year basis. analysts anticipate that Southwest Airlines will post 4.86 EPS for the current year.

In related news, Director John T. Montford sold 935 shares of the company’s stock in a transaction dated Wednesday, November 8th. The shares were sold at an average price of $53.94, for a total value of $50,433.90. Following the transaction, the director now owns 25,000 shares in the company, valued at approximately $1,348,500. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Robert E. Jordan sold 32,931 shares of the company’s stock in a transaction dated Thursday, December 14th. The shares were sold at an average price of $64.38, for a total transaction of $2,120,097.78. Following the transaction, the executive vice president now owns 76,993 shares in the company, valued at approximately $4,956,809.34. The disclosure for this sale can be found here. In the last quarter, insiders sold 35,561 shares of company stock worth $2,277,774. 0.21% of the stock is currently owned by company insiders.

Several research analysts recently commented on the stock. Zacks Investment Research raised shares of Southwest Airlines from a “hold” rating to a “buy” rating and set a $68.00 target price on the stock in a research note on Tuesday. JPMorgan Chase & Co. downgraded shares of Southwest Airlines from an “overweight” rating to a “neutral” rating and set a $70.00 price objective on the stock. in a research report on Tuesday. Vetr raised shares of Southwest Airlines from a “hold” rating to a “buy” rating and set a $65.42 price objective on the stock in a research report on Thursday, January 25th. Stifel Nicolaus reissued a “buy” rating and set a $85.00 price objective (up from $80.00) on shares of Southwest Airlines in a research report on Wednesday, January 10th. Finally, Cowen reaffirmed a “buy” rating and issued a $67.00 target price on shares of Southwest Airlines in a research report on Tuesday, January 9th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and fourteen have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $67.97.

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About Southwest Airlines

Southwest Airlines Co (Southwest) operates Southwest Airlines, a passenger airline that provides scheduled air transportation in the United States and near-international markets. The Company provides point-to-point service. The Company offers ancillary service offerings, such as Southwest’s EarlyBird Check-In and transportation of pets and unaccompanied minors, in accordance with Southwest’s respective policies.

Dividend History for Southwest Airlines (NYSE:LUV)

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