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VOL. 129 | NO. 95 | Thursday, May 15, 2014

Southwest Airlines Makes Buyback, Lifts Dividend

AP

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NEW YORK (AP) – Southwest Airlines is raising its quarterly dividend to 6 cents from 4 cents and plans to buy back $1 billion in company stock.

The Dallas company says the moves reflect its strong financial performance and cash outlook. It will buy back $200 million in stock through an accelerated repurchase program.

Southwest says its next dividend will be paid June 25 to shareholders of record on June 4.

In April Southwest said its net income more than doubled and reached record levels. The company is alone among major U.S. carriers in being consistently profitable for many years, and for a time it was the only major U.S. airline to pay a dividend. It raised its dividend to 4 cents from a penny a year ago.

Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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PROPERTY SALES 65 366 17,721
MORTGAGES 70 417 23,068
FORECLOSURE NOTICES 12 88 4,516
BUILDING PERMITS 210 932 42,157
BANKRUPTCIES 62 299 16,691
BUSINESS LICENSES 19 80 5,781
UTILITY CONNECTIONS 49 305 25,174
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