Southwest Airlines Co said on Wednesday it raised its dividend by 28 percent, citing strong results and savings from tax reforms.
The fourth-largest U.S. airline will now pay 16 cents per share, up from 12.5 cents.
The company also authorized a new $2 billion share repurchase program. (Reporting by Sanjana Shivdas in Bengaluru Editing by Saumyadeb Chakrabarty)