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Spirit Airlines, Inc. provides airline services. It serves 85 destinations in 16 countries in the United States, Latin America, and the Caribbean. As of December 31, 2021, the company had a fleet of 173 Airbus single-aisle aircraft. It sells tickets through its call centers and airport ticket counters, as well as online through spirit.com; and through various third parties, including online, traditional travel agents, and electronic global distribution systems. The company was formerly known as Clippert Trucking Company and changed its name to Spirit Airlines, Inc. in 1992. Spirit Airlines, Inc. was founded in 1964 and is headquartered in Miramar, Florida.

Spirit Airlines Dividend Announcement

Spirit Airlines announced a semi annually dividend of $0.10 per ordinary share which will be made payable on 2024-02-29. Ex dividend date: 2024-02-22
Spirit Airlines annual dividend for 2024 was $0.20
Spirit Airlines annual dividend for 2023 was $1.20
Spirit Airlines's trailing twelve-month (TTM) dividend yield is 27.78%

Spirit Airlines Dividend History

Ex-Div dateDividend amountDividend typePay date
2024-02-22$0.10semi annually2024-02-29
2024-01-24$0.10semi annually2024-01-31
2023-12-21$0.10semi annually2023-12-29
2023-11-22$0.10semi annually2023-11-30
2023-10-24$0.10semi annually2023-10-31
2023-09-22$0.10semi annually2023-09-29
2023-08-24$0.10semi annually2023-08-31
2023-07-24$0.10semi annually2023-07-31
2023-06-23$0.10semi annually2023-06-30
2023-05-23$0.10semi annually2023-05-31
2023-04-21$0.10semi annually2023-04-28
2023-03-24$0.10semi annually2023-03-31
2023-02-21$0.10semi annually2023-02-28
2023-01-24$0.10semi annually2023-01-31

Spirit Airlines Dividend per year

Spirit Airlines Dividend Yield

Spirit Airlines current trailing twelve-month (TTM) dividend yield is 27.78%. Interested in purchasing Spirit Airlines stock? Use our calculator to estimate your expected dividend yield:

Spirit Airlines Financial Ratios

P/E ratio-0.17
PEG ratio-0.03
P/B ratio0.15
ROE-63.51%
Payout ratio0.00%
Current ratio0.94
Quick ratio0.94
Cash Ratio0.48

Spirit Airlines Dividend FAQ

Does Spirit Airlines stock pay dividends?
Spirit Airlines does not currently pay dividends to its shareholders.
Has Spirit Airlines ever paid a dividend?
No, Spirit Airlines has no a history of paying dividends to its shareholders. Spirit Airlines is not known for its dividend payments.
Why doesn't Spirit Airlines pay dividends?
There are several potential reasons why Spirit Airlines would choose not to pay dividends to their shareholders:

1. Growth opportunities: Companies, especially in fast-growing industries like technology, reinvest earnings into expansion, R&D, or acquisitions to fuel future growth and increase company value.

2. Tax implications: Not paying dividends can reduce the tax burden on shareholders, who may prefer to defer taxes until selling shares and realizing capital gains.

3. Investor preferences: Some investors prefer companies to reinvest profits for higher long-term returns, particularly those seeking capital appreciation over income.

4. Capital allocation priorities: Companies may allocate cash to pay down debt, fund share buybacks, or invest in projects with higher returns than dividends.

5. Market expectations: In certain sectors, like technology, reinvesting profits for growth and innovation is often prioritized over distributing dividends to shareholders.
Will Spirit Airlines ever pay a dividend?
The decision for a company to pay dividends depends on various factors including its financial performance, growth prospects, capital allocation priorities, and shareholder preferences. While Spirit Airlines has not paid dividends historically and has instead focused on reinvesting its earnings for growth, it's ultimately up to the company's management and board of directors to decide whether to initiate a dividend policy in the future.
Is Spirit Airlines a dividend aristocrat?
Spirit Airlines is not considered a Dividend Aristocrat. The term "Dividend Aristocrat" is typically used to describe a company in the S&P 500 index that has increased its dividend payouts for at least 25 consecutive years.
Is Spirit Airlines a dividend king?
Spirit Airlines is not classified as a "Dividend King". A Dividend King is a company that has managed to increase its dividend payouts for 50 consecutive years or more, which is an even more selective group than the Dividend Aristocrats.
Is Spirit Airlines a dividend stock?
No, Spirit Airlines is not considered a dividend stock. A dividend stock is a stock of a company that regularly pays out dividends to its shareholders.
How to buy Spirit Airlines stocks?
To buy Spirit Airlines you need a brokerage account. Open an account with a reputable brokerage firm that offers access to the stock market. Consider factors such as fees and account minimums.

Place an order: Use the brokerage's trading platform to place an order to buy Spirit Airlines stock.

Remember that buying stocks involves risk, and it's important to carefully consider your investment goals, risk tolerance, and conduct thorough research before making any investment decisions.