Southwest Gas Holdings, Inc.
SWXUtilities · Utilities - Regulated Gas · Stock · quarterly payer
Forward Yield
2.83%
Annual Dividend
$2.58
Payout Ratio
63%
5-Yr Growth
1.9%
Ex-Date
Nov 16, 2026
Frequency
Quarterly
Key facts about SWX's dividend
Data as of · Source: SmarterDividends data
- As of Oct 24, 2026, Southwest Gas Holdings, Inc. (SWX) has a forward dividend yield of 2.83%, based on an annual dividend of $2.58 per share and a share price of $91.15.
- As of Oct 24, 2026, SWX's dividend safety grade from SmarterDividends is A (93 out of 100), which rates the dividend as very safe.
- SWX last cut its regular dividend in 1992.
- SWX's next ex-dividend date is Nov 16, 2026, with payment on Dec 1, 2026. Shares must be owned before that date to receive the dividend.
- As of Oct 24, 2026, SWX pays out 63% of its trailing 12-month earnings as dividends (its payout ratio).
- SWX's dividend has grown at an average rate of 1.9% a year over the past five years.
- As of Oct 24, 2026, SWX's 2.83% yield is 19% below its five-year average yield of 3.48%.
- As of Oct 24, 2026, SmarterDividends' blended fair-value estimate for SWX is $110.00 per share, 21% above the $91.15 share price, so SWX screens as undervalued.
- Southwest Gas Holdings, Inc. (SWX) pays its dividend quarterly, 4 times a year.
- Southwest Gas Holdings, Inc. (SWX) has raised its regular dividend 22 times and cut it 2 times across the 159 payments on record since 1987. Its most recent change was a 4.0% increase to $0.645 per share, going ex-dividend on May 15, 2026. The last cut went ex-dividend on May 13, 2003.
Cite this page
SmarterDividends, "SWX Dividend: Yield, Safety Grade & Next Ex-Date," updated Oct 24, 2026, https://smarterdividends.com/stocks/SWX
Summary
As of Oct 24, 2026, Southwest Gas Holdings, Inc. (SWX) yields 2.83% ($2.58 a year per share) and has a dividend safety grade of A (93/100).
Is SWX a good dividend stock?
YesSouthwest Gas Holdings, Inc. (SWX) pays a quarterly dividend yielding 2.83% ($2.58/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
- Top-tier dividend safety score
Risks
- Cut its dividend in 1992
Key Data
- Dividend Yield
- 2.83%
- Payout Ratio
- 63%
- Annual Dividend
- $2.58
- 5-Yr Avg Growth
- 1.9%
- Ex-Dividend Date
- Nov 16, 2026
- Years of Growth
- 0
- Frequency
- quarterly
- Beta
- 0.56
- Market Cap
- $6.6B
- P/E Ratio
- 22.8
- 5-Yr Total Return
- 39%
- 52-Week Range
- $76.99 – $94.47
- Dividend Safety
- A · 93/100
- Ever Cut?
- Yes (1992)
SWX dividend raises and cuts
Southwest Gas Holdings, Inc. (SWX) has raised its regular dividend 22 times and cut it 2 times across the 159 payments on record since 1987. Its most recent change was a 4.0% increase to $0.645 per share, going ex-dividend on May 15, 2026. The last cut went ex-dividend on May 13, 2003.
| Ex-date | Change | Old → new | Move |
|---|---|---|---|
| May 15, 2026 | Raise | $0.620 → $0.645 | +4.0% |
| May 13, 2022 | Raise | $0.595 → $0.620 | +4.2% |
| May 14, 2021 | Raise | $0.570 → $0.595 | +4.4% |
| May 14, 2020 | Raise | $0.545 → $0.570 | +4.6% |
| May 14, 2019 | Raise | $0.520 → $0.545 | +4.8% |
| May 14, 2018 | Raise | $0.495 → $0.520 | +5.1% |
| May 11, 2017 | Raise | $0.450 → $0.495 | +10.0% |
| May 12, 2016 | Raise | $0.405 → $0.450 | +11.1% |
| May 13, 2015 | Raise | $0.365 → $0.405 | +11.0% |
| May 13, 2014 | Raise | $0.330 → $0.365 | +10.6% |
| May 13, 2013 | Raise | $0.295 → $0.330 | +11.9% |
| May 11, 2012 | Raise | $0.265 → $0.295 | +11.3% |
Show all 24 changes since 1987
| Ex-date | Change | Old → new | Move |
|---|---|---|---|
| May 12, 2011 | Raise | $0.250 → $0.265 | +6.0% |
| May 13, 2010 | Raise | $0.238 → $0.250 | +5.0% |
| May 13, 2009 | Raise | $0.225 → $0.238 | +5.8% |
| May 13, 2008 | Raise | $0.215 → $0.225 | +4.7% |
| May 11, 2007 | Raise | $0.205 → $0.215 | +4.9% |
| May 13, 2003 | Cut | $0.215 → $0.205 | −4.7% |
| Feb 13, 2003 | Raise | $0.205 → $0.215 | +4.9% |
| Aug 10, 1994 | Raise | $0.195 → $0.205 | +5.1% |
| Aug 10, 1993 | Raise | $0.175 → $0.195 | +11.4% |
| Aug 5, 1991 | Cut | $0.350 → $0.175 | −50.0% |
| Aug 4, 1989 | Raise | $0.335 → $0.350 | +4.5% |
| Nov 4, 1987 | Raise | $0.320 → $0.335 | +4.7% |
Frequently Asked Questions
Is SWX a good dividend stock?
Yes. Southwest Gas Holdings, Inc. (SWX) pays a quarterly dividend yielding 2.83% ($2.58/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 SWX undervalued?
Based on a blend of discounted cash flow, a dividend-discount model and an earnings-multiple estimate, SWX's fair value is about $110.00 versus a $91.15 share price — so it looks undervalued (+21% vs. fair value).
Is SWX's dividend safe?
SWX has a dividend-safety grade of A (93/100), based on its payout coverage, free-cash-flow, 0-year growth streak, a dividend cut in 1992, debt and yield-versus-history.
What is SWX's fair value?
Our blended fair-value estimate for SWX is about $110.00 per share, roughly 21% above the current $91.15 price — combining a discounted cash flow, a dividend-discount model and an earnings multiple.
Is SWX a buy, hold, or sell?
We don't issue formal ratings, but on the data SWX screens as "yes" and undervalued. Southwest Gas Holdings, Inc. (SWX) pays a quarterly dividend yielding 2.83% ($2.58/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 SWX cut its dividend?
SWX earns a dividend-safety grade of A (93/100), and has cut its dividend before (last in 1992). A higher score means lower cut risk based on payout coverage, cash flow and history — but no score guarantees a dividend.
Does SWX pay a dividend?
Yes. Southwest Gas Holdings, Inc. pays a quarterly dividend of about $2.58 per share annually, a forward yield of roughly 2.83%.
What is SWX's dividend yield?
As of Oct 24, 2026, SWX's forward dividend yield is 2.83%, based on a $2.58 annual dividend and a $91.15 share price.
What is SWX's dividend per share?
As of Oct 24, 2026, SWX pays $2.58 per share per year, distributed on a quarterly basis.
What is SWX's dividend payout ratio?
As of Oct 24, 2026, SWX's payout ratio is 63% of trailing 12-month earnings — a moderate level that's generally sustainable.
How many years has SWX grown its dividend?
SWX does not currently have a long dividend-growth streak on record.
When is the next SWX ex-dividend date?
As of Oct 24, 2026, the next ex-dividend date on record for SWX is Nov 16, 2026.
SWX Price — Last 12 Months
Daily close
Price Return
1 Year
+10%
3 Years
+54%
5 Years
+39%
52-Week Range
$76.99 – $94.47
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is SWX worth?
Undervaluedhigh confidenceOur blended fair-value estimate for Southwest Gas Holdings, Inc. is $110.00 per share, versus a market price of $91.15. That implies 21% of upside — a margin of safety of about 17%.
Fair Value
$110.00
Current Price
$91.15
Upside
+21%
Margin of Safety
17%
How we get there
Discounted cash flow
Discounts projected free cash flow back to today.
Dividend discount
Discounts the future dividend stream back to today.
Earnings multiple (Graham)
Graham's earnings-multiple formula, anchored to bond yields.
At today's price, the market is pricing in about 6.9% annual free-cash-flow growth. We model 12.0% — below our estimate, leaving room for upside if the business executes.
Assumptions: 8.0% discount rate (CAPM), 12.0% growth for five years fading to 2.5% over the next five, $4.00 EPS, $2.58 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
SWX Dividend Safety Score
Very Safe
SmarterDividends' proprietary score, backtested against which dividends were actually cut over 15+ years (0.78 AUC). It blends a validated cut-risk model (growth streak, cut history) with current payout, cash-flow and debt. Higher is safer · not investment advice.
Dividend Growth
Total dividends per share by year
Dividend History
Full SWX dividend history →| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| Aug 17, 2026 | Sep 1, 2026 | $0.6450 | regular |
| May 15, 2026 | Jun 1, 2026 | $0.6450 | regular |
| Feb 17, 2026 | Mar 2, 2026 | $0.6200 | regular |
| Nov 17, 2025 | Dec 1, 2025 | $0.6200 | regular |
| Aug 15, 2025 | Sep 2, 2025 | $0.6200 | regular |
| May 15, 2025 | Jun 2, 2025 | $0.6200 | regular |
| Feb 18, 2025 | Mar 3, 2025 | $0.6200 | regular |
| Nov 15, 2024 | Dec 2, 2024 | $0.6200 | regular |
| Aug 15, 2024 | Sep 3, 2024 | $0.6200 | regular |
| May 14, 2024 | Jun 3, 2024 | $0.6200 | regular |
| Feb 14, 2024 | Mar 1, 2024 | $0.6200 | regular |
| Nov 14, 2023 | Dec 1, 2023 | $0.6200 | regular |
| Aug 14, 2023 | Sep 1, 2023 | $0.6200 | regular |
| May 12, 2023 | Jun 1, 2023 | $0.6200 | regular |
Income Calculator
At $2.58 / yr per share
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