Hawaiian Holdings, Inc. Is Joining the Airline Dividend Club
In the decade after 9/11, while most of its competitors were going bankrupt, Southwest Airlines (NYSE: LUV) was the only major airline to continue paying a dividend. However, in the past five years, many airlines have started to pay quarterly dividends again. This has been a way for airlines to reward their long-suffering shareholders -- and demonstrate confidence that their return to profitability is sustainable.
Last week, Hawaii-focused leisure carrier Hawaiian Holdings (NASDAQ: HA) became the latest airline to institute a dividend. Considering the company's strong performance lately, it's no surprise that Hawaiian Holdings is ready to start returning more cash to shareholders.
Hawaiian Holdings will start paying a dividend next month. Image source: Hawaiian Airlines.
Source: Fool.com
Southwest Airlines Co. Stock
Currently there is a rather positive sentiment for Southwest Airlines Co. with 12 Buy predictions and 7 Sell predictions.
With a target price of 33 € there is a positive potential of 26.15% for Southwest Airlines Co. compared to the current price of 26.16 €.
