Southwest Airlines Stock To Go Ex-dividend Tomorrow (LUV)

NEW YORK ( TheStreet) -- The ex-dividend date for Southwest Airlines (NYSE: LUV) is tomorrow, February 28, 2012. Owners of shares as of market close today will be eligible for a dividend of 0 cents per share. At a price of $8.67 as of 9:35 a.m. ET, the dividend yield is 0.2%.

The average volume for Southwest Airlines has been 7.1 million shares per day over the past 30 days. Southwest Airlines has a market cap of $7.13 billion and is part of the services sector and transportation industry. Shares are up 1.4% year to date as of the close of trading on Friday.

Southwest Airlines Co. engages in the operation of a passenger airline that provides scheduled air transportation in the United States. The company has a P/E ratio of 38.6, below the average transportation industry P/E ratio of 39.8 and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Southwest Airlines as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, good cash flow from operations, growth in earnings per share and increase in net income. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. You can view the full Southwest Airlines Ratings Report.

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