» Subscribe Today!
More of what you want to know.
The Daily News
X

Forgot your password?
Skip Navigation LinksHome >
VOL. 129 | NO. 95 | Thursday, May 15, 2014

Southwest Airlines Makes Buyback, Lifts Dividend

AP

Print | Front Page | Email this story | Comments ()

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 This material may not be published, broadcast, rewritten or redistributed.

Sign-Up For Our Free Email Edition
Get the news first with our daily email


 
Blog News, Training & Events
RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 93 391 11,969
MORTGAGES 108 424 13,940
FORECLOSURE NOTICES 0 0 0
BUILDING PERMITS 241 869 25,257
BANKRUPTCIES 63 245 8,117
BUSINESS LICENSES 30 132 4,086
UTILITY CONNECTIONS 0 209 8,784
MARRIAGE LICENSES 10 68 2,984

Weekly Edition

Issues | About

The Memphis News: Business, politics, and the public interest.