Southwest Airlines Makes It 148 in a Row

Airline operator Southwest Airlines announced today its third-quarter dividend of $0.04 per share, the same rate it paid last quarter after quadrupling the payout from $0.01 per share.

The board of directors said the quarterly dividend is payable on Aug. 29 to the holders of record at the close of business on Aug. 8. The payout marks the 148th consecutive quarterly dividend the airline operator has paid.

The regular dividend payment equates to a $0.16-per-share annual dividend, yielding 1.2% based on the closing price today of Southwest Airlines' stock.


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The article Southwest Airlines Makes It 148 in a Row originally appeared on Fool.com.

Fool contributor Rich Duprey has no position in any stocks mentioned. The Motley Fool recommends Southwest Airlines. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

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