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 This material may not be published, broadcast, rewritten or redistributed.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 75 75 18,898
MORTGAGES 100 100 24,294
FORECLOSURE NOTICES 0 0 2,278
BUILDING PERMITS 157 157 40,760
BANKRUPTCIES 46 46 14,168
BUSINESS LICENSES 22 22 5,842
UTILITY CONNECTIONS 82 82 21,884
MARRIAGE LICENSES 23 23 5,085

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