DALLAS, July 30, 2014 /PRNewswire/ -- Southwest Airlines' (NYSE: LUV) Board of Directors declared a quarterly dividend of $.06 per share to Shareholders of record at the close of business on August 21, 2014 on all shares then issued and outstanding. The 152(nd) consecutive dividend will be paid on September 12, 2014.
The Company has also provided ROIC, which is a non-GAAP financial measure. The Company believes ROIC is a meaningful measure because it quantifies how well the Company generates operating income relative to the capital it has invested in its business. Although ROIC is commonly used as a measure of capital efficiency, definitions of ROIC may differ; therefore, the Company is providing an explanation of its calculation for ROIC in the accompanying reconciliation table to the press release.
Shares recognition for surpassing Return on Invested Capital (ROIC) goal
DALLAS, July 24, 2014 /PRNewswire/ -- Southwest Airlines (NYSE: LUV) announced today it will recognize Southwest and AirTran Employees with a one-time cash award of $200 each as a thank you for all their hard work related to the Company achieving a 17.1 percent pre-tax return on invested capital, excluding special items (ROIC), for the 12 months ended June 30, 2014.
Quarterly reports contain financial statement, a discussion from management and a list of company events (stock splits, acquisitions, etc.)
Southwest Airlines Co. operates Southwest Airlines and AirTran Airways, passenger airlines that provide scheduled air transportation in the United States and near-international markets. As of December 31, 2012, the total fleet operated by Southwest and AirTran combined consisted of 694 aircraft, including 606 Boeing 737s and 88 Boeing 717s. Southwest principally provides point-to-point, rather than hub-and-spoke, service. AirTran principally provides hub-and-spoke, rather than point-to-point, service, with approximately half of AirTran's flights originating or terminating at its base of operation in Atlanta, Georgia. AirTran also serves a number of markets with non-stop service from smaller bases of operation in Baltimore, Maryland; Milwaukee, Wisconsin; and Orlando, Florida. In December 2013, Southwest Airlines Co acquired 12 takeoff and landing slots at New York's LaGuardia Airport being divested by American Airlines as part of its merger with US Airways.
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