16-May-2013 8:46 AM

Southwest declares 147th consecutive quarterly dividend

Southwest Airlines announced (15-May-2013) its 147th consecutive quarterly dividend of USD0.04/share from USD0.01/share. The dividend amounts to over USD100 million on the close of business on 05-Jun-2013. Southwest Airlines’ board also increased its existing USD1 billion share repurchase authorisation to USD1.5 billion. The remaining share repurchase authorisation of USD250 million in Southwest common stock will be repurchased through an accelerated stock repurchase programme. [more - original PR Southwest]