Southwest Airlines Co (NYSE:LUV) declared a quarterly dividend on Wednesday, July 31st, RTT News reports. Stockholders of record on Wednesday, August 21st will be given a dividend of 0.18 per share by the airline on Wednesday, September 11th. This represents a $0.72 annualized dividend and a dividend yield of 1.45%. The ex-dividend date of this dividend is Tuesday, August 20th.

Southwest Airlines has increased its dividend payment by an average of 28.3% annually over the last three years and has increased its dividend annually for the last 7 consecutive years. Southwest Airlines has a dividend payout ratio of 17.3% indicating that its dividend is sufficiently covered by earnings. Analysts expect Southwest Airlines to earn $5.13 per share next year, which means the company should continue to be able to cover its $0.72 annual dividend with an expected future payout ratio of 14.0%.

Southwest Airlines stock opened at $49.79 on Monday. The business has a 50 day moving average of $51.63 and a 200-day moving average of $52.41. Southwest Airlines has a 1 year low of $44.28 and a 1 year high of $64.02. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.64 and a quick ratio of 0.59. The company has a market capitalization of $25.91 billion, a P/E ratio of 11.74, a P/E/G ratio of 1.06 and a beta of 1.50.

Southwest Airlines (NYSE:LUV) last released its quarterly earnings data on Thursday, July 25th. The airline reported $1.37 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.35 by $0.02. Southwest Airlines had a return on equity of 24.12% and a net margin of 10.73%. The company had revenue of $5.91 billion during the quarter, compared to the consensus estimate of $5.94 billion. During the same quarter in the prior year, the firm posted $1.26 earnings per share. The firm’s revenue was up 2.9% compared to the same quarter last year. Equities analysts anticipate that Southwest Airlines will post 4.29 EPS for the current year.

Several research analysts have recently issued reports on the company. Barclays lowered their price objective on Southwest Airlines from $65.00 to $60.00 and set an “equal weight” rating for the company in a research note on Friday, April 26th. Argus downgraded shares of Southwest Airlines from a “buy” rating to a “hold” rating in a research report on Tuesday, August 13th. Morgan Stanley decreased their target price on shares of Southwest Airlines from $64.00 to $59.00 and set an “overweight” rating for the company in a research report on Wednesday, August 14th. Imperial Capital reissued an “in-line” rating and set a $55.00 target price (up previously from $52.00) on shares of Southwest Airlines in a research report on Friday, April 26th. Finally, Cowen reissued a “market perform” rating and set a $57.00 target price (up previously from $55.00) on shares of Southwest Airlines in a research report on Friday, July 26th. Three investment analysts have rated the stock with a sell rating, nine have issued a hold rating and five have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $57.15.

Southwest Airlines Company Profile

Southwest Airlines Co operates a passenger airline that provides scheduled air transportation services in the United States and near-international markets. As of December 31, 2018, the company operated a total of 750 Boeing 737 aircraft; and served 99 destinations in 40 states, the District of Columbia, and the Commonwealth of Puerto Rico, as well as 10 near-international countries, including Mexico, Jamaica, the Bahamas, Aruba, the Dominican Republic, Costa Rica, Belize, Cuba, the Cayman Islands, and Turks and Caicos.

Recommended Story: Why do companies issue convertible shares?

Dividend History for Southwest Airlines (NYSE:LUV)

Receive News & Ratings for Southwest Airlines Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Southwest Airlines and related companies with MarketBeat.com's FREE daily email newsletter.