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

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.

NEW YORK ( TheStreet) -- The ex-dividend date for Southwest Airlines (NYSE: LUV) is tomorrow, December 4, 2012. Owners of shares as of market close today will be eligible for a dividend of one cent per share. At a price of $9.54 as of 9:40 a.m. ET, the dividend yield is 0.4%.

The average volume for Southwest Airlines has been 6.4 million shares per day over the past 30 days. Southwest Airlines has a market cap of $7.01 billion and is part of the services sector and transportation industry. Shares are up 11% 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 14.6, below the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Southwest Airlines as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, compelling growth in net income, reasonable valuation levels, good cash flow from operations and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company shows low profit margins. You can view the full Southwest Airlines Ratings Report.

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