Does LUV pay a dividend?

Yes. Southwest Airlines Co. pays a quarterly dividend, currently yielding 1.58% based on trailing twelve-month payments of $0.72 per share.

How much does LUV pay in dividends?

$0.72 per share over the last twelve months, paid quarterly. Special and one-off distributions are excluded from that figure because they do not recur.

When is the next LUV ex-dividend date?

The next ex-dividend date on record is September 3, 2026, with payment on September 24, 2026. You must own the shares before the ex-dividend date to receive that payment.

LUV Dividend

Southwest Airlines Co.

NYSEIndustrialsStockData as of August 12, 2026

Dividend yield: 1.58%
Annual dividend: $0.72
Payout ratio: 0.44
Frequency: Quarterly
Share price: $45.52
Market cap: $22.3B

Next payment

Ex-dividend date: September 3, 2026Pay date: September 24, 2026Amount: $0.1800

You must own the shares before the ex-dividend date to receive this payment.

Is LUV a good dividend stock?

What the data shows. These are observations, not recommendations — see the disclaimer at the foot of the page.

Yield is below the market median1.58% against a median of 2.78%. A lower yield is common among companies that reinvest more of their earnings or whose shares have risen.
Dividend is comfortably coveredA payout ratio of 0.44 means roughly 44% of earnings go to the dividend, leaving room to keep paying through a weaker year.
Dividend has been cut 2 timesAcross 44 complete years, the annual total fell in 2020, 2024. The most recent reduction was in 2024.

LUV dividend history

Annual dividend per share, 1980 to 2025.

Peak $0.9000 in 2023Year the total fellTypical payment × payments that year, split-adjusted, excluding special and one-off distributions. Robust to duplicate records in the source data. The current year is omitted while incomplete.

Recent dividend payments

The last 40 dividend payments for LUV, most recent first.
Ex-dividend date	Pay date	Amount	Type
September 3, 2026	September 24, 2026	$0.1800	Quarterly
June 11, 2026	July 2, 2026	$0.1800	Quarterly
March 12, 2026	April 2, 2026	$0.1800	Quarterly
December 26, 2025	January 16, 2026	$0.1800	Quarterly
September 3, 2025	September 24, 2025	$0.1800	Quarterly
June 18, 2025	July 9, 2025	$0.1800	Quarterly
March 12, 2025	April 2, 2025	$0.1800	Quarterly
December 26, 2024	January 16, 2025	$0.1800	Quarterly
September 4, 2024	September 25, 2024	$0.1800	Quarterly
June 18, 2024	July 10, 2024	$0.1800	Quarterly
March 5, 2024	March 27, 2024	$0.1800	Quarterly
December 20, 2023	January 11, 2024	$0.1800	Quarterly
September 5, 2023	September 27, 2023	$0.1800	Quarterly
June 20, 2023	July 12, 2023	$0.1800	Quarterly
March 7, 2023	March 29, 2023	$0.1800	Quarterly
January 9, 2023	January 31, 2023	$0.1800	Quarterly
March 3, 2020	March 25, 2020	$0.1800	Quarterly
December 10, 2019	January 8, 2020	$0.1800	Quarterly
August 20, 2019	September 11, 2019	$0.1800	Quarterly
June 4, 2019	June 26, 2019	$0.1800	Quarterly
March 5, 2019	March 27, 2019	$0.1600	Quarterly
December 4, 2018	January 2, 2019	$0.1600	Quarterly
August 21, 2018	September 12, 2018	$0.1600	Quarterly
June 5, 2018	June 27, 2018	$0.1600	Quarterly
March 6, 2018	March 28, 2018	$0.1250	Quarterly
December 6, 2017	January 4, 2018	$0.1250	Quarterly
August 22, 2017	September 14, 2017	$0.1250	Quarterly
June 5, 2017	June 28, 2017	$0.1250	Quarterly
March 7, 2017	March 30, 2017	$0.1000	Quarterly
December 6, 2016	January 5, 2017	$0.1000	Quarterly
August 16, 2016	September 8, 2016	$0.1000	Quarterly
June 6, 2016	June 29, 2016	$0.1000	Quarterly
March 1, 2016	March 24, 2016	$0.0750	Quarterly
December 8, 2015	January 7, 2016	$0.0750	Quarterly
August 18, 2015	September 10, 2015	$0.0750	Quarterly
June 1, 2015	June 24, 2015	$0.0750	Quarterly
March 3, 2015	March 26, 2015	$0.0600	Quarterly
December 9, 2014	January 2, 2015	$0.0600	Quarterly
August 19, 2014	September 12, 2014	$0.0600	Quarterly
June 2, 2014	June 25, 2014	$0.0600	Quarterly

How much would LUV pay you?

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LUV appears in

Frequently asked questions

Does LUV pay a dividend?: Yes. Southwest Airlines Co. pays a quarterly dividend, currently yielding 1.58% based on trailing twelve-month payments of $0.72 per share.
How much does LUV pay in dividends?: $0.72 per share over the last twelve months, paid quarterly. Special and one-off distributions are excluded from that figure because they do not recur.
When is the next LUV ex-dividend date?: The next ex-dividend date on record is September 3, 2026, with payment on September 24, 2026. You must own the shares before the ex-dividend date to receive that payment.