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.
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