Southwest Airlines Co (NYSE:LUV) announced 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 is Tuesday, August 20th.
Southwest Airlines has increased its dividend payment by an average of 28.3% per year over the last three years and has raised 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. Research 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%.
LUV opened at $49.79 on Friday. Southwest Airlines has a twelve month low of $44.28 and a twelve month high of $64.02. The company has a quick ratio of 0.59, a current ratio of 0.64 and a debt-to-equity ratio of 0.37. The company has a fifty day moving average of $51.63 and a 200-day moving average of $52.41. The stock has a market cap of $25.91 billion, a PE ratio of 11.16, a price-to-earnings-growth ratio of 1.06 and a beta of 1.50.
Southwest Airlines (NYSE:LUV) last posted its quarterly earnings data on Thursday, July 25th. The airline reported $1.37 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.35 by $0.02. The company had revenue of $5.91 billion during the quarter, compared to analysts’ expectations of $5.94 billion. Southwest Airlines had a net margin of 10.73% and a return on equity of 24.12%. Southwest Airlines’s revenue for the quarter was up 2.9% compared to the same quarter last year. During the same period in the prior year, the company posted $1.26 earnings per share. Sell-side analysts anticipate that Southwest Airlines will post 4.29 EPS for the current fiscal year.
Several brokerages recently issued reports on LUV. Barclays cut their target price on shares of Southwest Airlines from $65.00 to $60.00 and set an “equal weight” rating on the stock in a research note on Friday, April 26th. Morgan Stanley cut their target price on shares of Southwest Airlines from $64.00 to $59.00 and set an “overweight” rating on the stock in a research note on Wednesday. Zacks Investment Research lowered shares of Southwest Airlines from a “hold” rating to a “sell” rating in a research note on Thursday, May 16th. Cowen reissued a “market perform” rating and set a $57.00 target price (up from $55.00) on shares of Southwest Airlines in a research note on Friday, July 26th. Finally, Wolfe Research raised shares of Southwest Airlines from a “peer perform” rating to an “outperform” rating and set a $57.00 target price on the stock in a research note on Friday. Three equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have given a buy rating to the stock. Southwest Airlines presently has an average rating of “Hold” and a consensus price target 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.
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