Southwest Airlines Co. (NYSE:LUV) announced a quarterly dividend on Thursday, November 17th. Shareholders of record on Thursday, December 8th will be paid a dividend of 0.10 per share by the airline on Thursday, January 5th. This represents a $0.40 dividend on an annualized basis and a yield of 0.86%. The ex-dividend date is Tuesday, December 6th.

Shares of Southwest Airlines (NYSE:LUV) opened at 46.61 on Thursday. Southwest Airlines has a 52 week low of $33.96 and a 52 week high of $51.34. The stock has a market cap of $28.69 billion, a PE ratio of 13.25 and a beta of 0.86. The firm has a 50-day moving average price of $43.09 and a 200-day moving average price of $40.12.

Southwest Airlines (NYSE:LUV) last posted its earnings results on Wednesday, October 26th. The airline reported $0.93 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.88 by $0.05. Southwest Airlines had a return on equity of 32.51% and a net margin of 11.09%. The business earned $5.10 billion during the quarter, compared to analyst estimates of $5.17 billion. During the same quarter last year, the firm earned $0.94 earnings per share. The company’s revenue for the quarter was down 3.4% compared to the same quarter last year. On average, analysts forecast that Southwest Airlines will post $3.66 earnings per share for the current fiscal year.

Dividend History for Southwest Airlines (NYSE:LUV)

Several hedge funds have recently made changes to their positions in LUV. Marshall Wace LLP increased its stake in shares of Southwest Airlines by 618.3% in the second quarter. Marshall Wace LLP now owns 1,386,247 shares of the airline’s stock valued at $54,355,000 after buying an additional 1,193,261 shares during the last quarter. Janus Capital Management LLC increased its stake in shares of Southwest Airlines by 20.1% in the second quarter. Janus Capital Management LLC now owns 5,796,281 shares of the airline’s stock valued at $227,272,000 after buying an additional 969,666 shares during the last quarter. Price T Rowe Associates Inc. MD increased its stake in shares of Southwest Airlines by 8.9% in the third quarter. Price T Rowe Associates Inc. MD now owns 7,336,776 shares of the airline’s stock valued at $285,327,000 after buying an additional 600,491 shares during the last quarter. Bowen Hanes & Co. Inc. acquired a new stake in shares of Southwest Airlines during the second quarter valued at $19,621,000. Finally, APG Asset Management N.V. increased its stake in shares of Southwest Airlines by 28.4% in the second quarter. APG Asset Management N.V. now owns 1,952,939 shares of the airline’s stock valued at $76,575,000 after buying an additional 431,900 shares during the last quarter. 75.66% of the stock is currently owned by institutional investors and hedge funds.

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A number of research firms have recently issued reports on LUV. Vetr upgraded Southwest Airlines from a “sell” rating to a “hold” rating and set a $46.22 target price for the company in a research note on Thursday, November 24th. Zacks Investment Research upgraded Southwest Airlines from a “strong sell” rating to a “hold” rating in a research note on Tuesday, November 22nd. Imperial Capital increased their target price on Southwest Airlines from $46.00 to $57.00 and gave the company an “outperform” rating in a research note on Tuesday, November 22nd. Citigroup Inc. began coverage on Southwest Airlines in a research note on Friday, November 18th. They issued a “buy” rating and a $57.00 target price for the company. Finally, JPMorgan Chase & Co. upgraded Southwest Airlines from a “neutral” rating to an “overweight” rating and set a $51.50 price objective for the company in a research note on Thursday, October 27th. Six analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $50.70.

About Southwest Airlines

Southwest Airlines Co (Southwest) operates Southwest Airlines. Southwest is a passenger airline that provides scheduled air transportation in the United States and near-international markets. The Company serves approximately 100 destinations in over 40 states, such as the District of Columbia, the Commonwealth of Puerto Rico, and approximately seven near-international countries, including Mexico, Jamaica, The Bahamas, Aruba, Dominican Republic, Costa Rica, and Belize.

5 Day Chart for NYSE:LUV

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