On Air Now

Now Playing

Our Playlist »

Listen

Listen Live Now » 103.7 FM Sioux Falls, SD

Weather

Current Conditions(Sioux Falls,SD 57104)

More Weather »
51° Feels Like: 51°
Wind: E 3 mph Past 24 hrs - Precip: 0”
Current Radar for Zip

Today

Mostly Sunny 74°

Tonight

Mostly Clear 54°

Tomorrow

Partly Cloudy 74°

Alerts

Southwest Air boosts dividend, revises plane deliveries

Several Souhtwest Airlines planes are lined up at Terminal two at the Lambert - St. Louis International Airport, in St. Louis, Missouri, Mar
Several Souhtwest Airlines planes are lined up at Terminal two at the Lambert - St. Louis International Airport, in St. Louis, Missouri, Mar

(Reuters) - Southwest Airlines Co on Wednesday announced a boost in its dividend and its share repurchase program and said it is changing some plane orders and deliveries.

The discounter said its board boosted the quarterly dividend to 4 cents a share from 1 cent a share, to begin with the payment on June 26 to shareholders of record on June 5.

The company said its share buyback authorization was increased to $1.5 billion from $1 billion.

Southwest also said it plans to buy 10 pre-owned 737-700s airplanes to be delivered in 2014 and 2015, and it made changes to some existing aircraft orders. The carrier said it would be the first customer to take the 7 series of Boeing's upcoming 737 MAX plane in 2019. Southwest has an all-Boeing fleet.

(Reporting by Karen Jacobs; Editing by Gerald E. McCormick)

Comments