Southwest quadruples dividend, pushes back some aircraft delivery

Southwest will quadruple the increase in dividends, providing an annual yield of about 1%, based on Tuesday's closing stock price of $13.98. "For those trying to do the math, that's a big increase," Southwest CEO Gary Kelly said. Southwest's board also has increased the stock repurchase plan by $500 million to $1.5 billion. Meanwhile, the airline revamped its jet delivery schedule by pushing back delivery of some Boeing aircraft from 2018 to 2019. "Our restructured aircraft delivery schedule will reduce our capital spending for firm orders through 2018 by more than $500 million," said Kelly.

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