The largest U.S. low-cost carrier Southwest Airlines Co. (NYSE:LUV) plans to double shareholders’ returns in the form of dividends and share buybacks.
Southwest boosted its quarterly dividend 122% to one cent per share. This marks the first increase in nearly a decade. The increased dividend will be payable on June 20 to shareholders of record as of June 6.
Southwest has not raised its dividends for the past several years. The company paid approximately $14 million and $13 million in dividends in … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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