Southwest Airlines increased quarterly dividend

At its annual shareholder meeting, Southwest Airlines increased its quarterly dividend by 50% to 6 cents a share and also authorized a new share repurchase program of $1 billion. Under the new $1 billion share repurchase authorization, an initial $200 million of Southwest common stock will be repurchased under an accelerated share repurchase program.  The quarterly dividend will increase to $.06 per share from $.04 per share, beginning with the 151st consecutive quarterly dividend declared today to Shareholders of record at the close of business on June 4, 2014 on all shares then issued and outstanding.  The dividend will be