NEW YORK (

TheStreet

) -- The ex-dividend date for

Southwest Airlines

(NYSE:

LUV

) is tomorrow, August 23, 2011. Owners of shares as of market close today will be eligible for a dividend of 0 cents per share. At a price of $8.05 as of 9:37 a.m. ET, the dividend yield is 0.2%.

The average volume for Southwest Airlines has been 10 million shares per day over the past 30 days. Southwest Airlines has a market cap of $6.5 billion and is part of the

services

sector and

transportation

industry. Shares are down 39.2% year to date as of the close of trading on Friday.

Southwest Airlines Co. operates as a passenger airline that provides scheduled air transportation in the United States. As of December 31, 2010, the company operated 548 Boeing 737 aircraft and provided service to 69 cities in 35 states. The company has a P/E ratio of 12.2, equal to the average transportation industry P/E ratio and below the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Southwest Airlines as a

hold

. The company's strengths can be seen in multiple areas, such as its compelling growth in net income, robust revenue growth and attractive valuation levels. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself, poor profit margins and weak operating cash flow. You can view the full

Southwest Airlines Ratings Report

.

See our

dividend calendar

or

top-yielding stocks list

.

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