SmarterDividends
LUV

Southwest Airlines (LUV) Dividend

Southwest Airlines Co. · Industrials · Airlines · quarterly payer

$44.45

Fairly valued · -13% Add to Portfolio

As of Nov 8, 2026, Southwest Airlines (LUV) pays a quarterly dividend of $0.18 per share, or $0.72 a year, a 1.62% yield at its $44.45 share price. It pays every quarter, usually in January, April, July and September. It has a dividend safety grade of A.

Forward Yield

1.62%

Annual Dividend

$0.72

Payout Ratio

35%

5-Yr Growth

0.0%

Ex-Date

Sep 3, 2026

Frequency

Quarterly

Key facts about LUV's dividend

Data as of · Source: SmarterDividends data

  • As of Nov 8, 2026, Southwest Airlines Co. (LUV) has a forward dividend yield of 1.62%, based on an annual dividend of $0.72 per share and a share price of $44.45.
  • As of Nov 8, 2026, LUV's dividend safety grade from SmarterDividends is A (93 out of 100), which rates the dividend as very safe.
  • LUV has never cut its regular dividend in the payment history SmarterDividends has on record.
  • LUV's most recent ex-dividend date was Sep 3, 2026, for a dividend of $0.18 per share.
  • As of Nov 8, 2026, LUV pays out 35% of its trailing 12-month earnings as dividends (its payout ratio).
  • LUV's dividend has been roughly flat over the past five years.
  • As of Nov 8, 2026, LUV's 1.62% yield is 36% below its five-year average yield of 2.52%.
  • As of Nov 8, 2026, SmarterDividends' blended fair-value estimate for LUV is $38.46 per share, 13% below the $44.45 share price, so LUV screens as fairly valued.
  • Southwest Airlines Co. (LUV) pays its dividend quarterly, 4 times a year.
  • Southwest Airlines Co. (LUV) has raised its regular dividend 19 times and cut it 1 time across the 177 payments on record since 1980. Its most recent change was a 12.5% increase to $0.180 per share, going ex-dividend on Jun 4, 2019. The last cut went ex-dividend on Aug 30, 1999.
Cite this page

SmarterDividends, "LUV Dividend: Yield, Safety Grade & Next Ex-Date," updated Nov 8, 2026, https://smarterdividends.com/stocks/LUV

Is LUV a good dividend stock?

Yes

Southwest Airlines Co. (LUV) pays a quarterly dividend yielding 1.62% ($0.72/yr), with 0 years of growth and a dividend-safety grade of A. It scores well across payout coverage, growth history and safety — a dependable income holding.

Advantages

  • Never cut its dividend on record
  • Comfortable payout ratio (35%)
  • Top-tier dividend safety score

Risks

  • Single-stock concentration risk — diversify

Key Data

Dividend Yield
1.62%
Payout Ratio
35%
Annual Dividend
$0.72
5-Yr Avg Growth
0.0%
Ex-Dividend Date
Sep 3, 2026
Years of Growth
0
Frequency
quarterly
Beta
1.22
Market Cap
$21.8B
P/E Ratio
21.7
5-Yr Total Return
0%
52-Week Range
$31.15 – $55.11
Dividend Safety
A · 93/100
Ever Cut?
No

LUV dividend raises and cuts

Southwest Airlines Co. (LUV) has raised its regular dividend 19 times and cut it 1 time across the 177 payments on record since 1980. Its most recent change was a 12.5% increase to $0.180 per share, going ex-dividend on Jun 4, 2019. The last cut went ex-dividend on Aug 30, 1999.

Ex-dateChangeOld → newMove
Jun 4, 2019Raise$0.160 → $0.180+12.5%
Jun 5, 2018Raise$0.125 → $0.160+28.0%
Jun 5, 2017Raise$0.100 → $0.125+25.0%
Jun 6, 2016Raise$0.0750 → $0.100+33.3%
Jun 1, 2015Raise$0.0600 → $0.0750+25.0%
Jun 2, 2014Raise$0.0400 → $0.0600+50.0%
Jun 3, 2013Raise$0.0100 → $0.0400+300.0%
Jun 4, 2012Raise$0.0050 → $0.0100+100.0%
Feb 28, 2001Raise$0.0040 → $0.0050+25.0%
Dec 6, 1999Raise$0.0033 → $0.0040+20.0%
Aug 30, 1999Cut$0.0036 → $0.0033−6.3%
Aug 31, 1998Raise$0.0030 → $0.0036+20.0%
Show all 20 changes since 1980
Ex-dateChangeOld → newMove
Dec 8, 1997Raise$0.0024 → $0.0030+25.0%
Feb 26, 1997Raise$0.0020 → $0.0024+20.0%
Aug 31, 1992Raise$0.0018 → $0.0020+11.1%
Jun 1, 1992Raise$0.0016 → $0.0018+8.0%
Sep 6, 1990Raise$0.0015 → $0.0016+7.2%
Nov 29, 1988Raise$0.0014 → $0.0015+9.3%
Nov 25, 1981Raise$0.0011 → $0.0014+25.0%
Sep 30, 1980Raise$0.0007 → $0.0011+50.1%
Every LUV payment →Download every raise and cut (CSV)
LUV ex-dividend date & scheduleNext ex-date Sep 3, 2026 · full ex-dividend historyView →LUV dividend historyEvery payment, totals by year, raises and cutsView →LUV dividend calculator100 shares pay $72.00 a year, $18.00 each quarterCalculate →LUV total return calculatorWhat $10,000 became, with dividends reinvested or taken as cashSee →

Frequently Asked Questions

Is LUV a good dividend stock?

Yes. Southwest Airlines Co. (LUV) pays a quarterly dividend yielding 1.62% ($0.72/yr), with 0 years of growth and a dividend-safety grade of A. It scores well across payout coverage, growth history and safety — a dependable income holding.

Is LUV undervalued?

Based on a blend of discounted cash flow, a dividend-discount model and an earnings-multiple estimate, LUV's fair value is about $38.46 versus a $44.45 share price — so it looks fairly valued (-13% vs. fair value).

Is LUV's dividend safe?

LUV has a dividend-safety grade of A (93/100), based on its payout coverage, free-cash-flow, 0-year growth streak, a clean no-cut history, debt and yield-versus-history.

What is LUV's fair value?

Our blended fair-value estimate for LUV is about $38.46 per share, about 13% below the current $44.45 price — combining a discounted cash flow, a dividend-discount model and an earnings multiple.

Is LUV a buy, hold, or sell?

We don't issue formal ratings, but on the data LUV screens as "yes" and fairly valued. Southwest Airlines Co. (LUV) pays a quarterly dividend yielding 1.62% ($0.72/yr), with 0 years of growth and a dividend-safety grade of A. It scores well across payout coverage, growth history and safety — a dependable income holding. This is research for your own analysis, not investment advice.

Will LUV cut its dividend?

LUV earns a dividend-safety grade of A (93/100), with no dividend cut on record. A higher score means lower cut risk based on payout coverage, cash flow and history — but no score guarantees a dividend.

Does LUV pay a dividend?

Yes. Southwest Airlines Co. pays a quarterly dividend of about $0.72 per share annually, a forward yield of roughly 1.62%.

How much dividend does 100 shares of LUV pay?

At $0.72 per share a year, 100 shares of LUV pay $72.00 a year in dividends before tax, about $18.00 each quarter. Buying them costs about $4,445 at the Nov 8, 2026 price.

What is LUV's dividend yield?

As of Nov 8, 2026, LUV's forward dividend yield is 1.62%, based on a $0.72 annual dividend and a $44.45 share price.

What is LUV's dividend per share?

As of Nov 8, 2026, LUV pays $0.72 per share per year, distributed on a quarterly basis.

What is LUV's dividend payout ratio?

As of Nov 8, 2026, LUV's payout ratio is 35% of trailing 12-month earnings — a comfortable level that leaves room to keep raising the dividend.

How many years has LUV grown its dividend?

LUV does not currently have a long dividend-growth streak on record.

When is the next LUV ex-dividend date?

As of Nov 8, 2026, LUV's next ex-dividend date hasn't been announced. The most recent was Sep 3, 2026, for $0.18 per share.

Income Calculator

At $0.72 / yr per share

Per payment (quarterly)$18.00
Annual$72.00
Monthly avg$6.00
Full LUV dividend calculator →

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