Spirit Airlines (SAVE) Dividend: History, Dates & Yield - 2024
Tags:Dividend History
Spirit Airlines announced a semi annually dividend of $0.10 per ordinary share, payable on 2024-02-29, with an ex-dividend date of 2024-02-22. Spirit Airlines typically pays dividends two times a year, compared to $0.20 in 2024.
Find details on Spirit Airlines's dividend performance with a comprehensive history of past and upcoming payments.
| Ex-Div date | Dividend amount | Dividend type | Pay date |
|---|---|---|---|
| 2024-02-22 | $0.10 | semi annually | 2024-02-29 |
| 2024-01-24 | $0.10 | semi annually | 2024-01-31 |
| 2023-12-21 | $0.10 | semi annually | 2023-12-29 |
| 2023-11-22 | $0.10 | semi annually | 2023-11-30 |
| 2023-10-24 | $0.10 | semi annually | 2023-10-31 |
| 2023-09-22 | $0.10 | semi annually | 2023-09-29 |
| 2023-08-24 | $0.10 | semi annually | 2023-08-31 |
| 2023-07-24 | $0.10 | semi annually | 2023-07-31 |
| 2023-06-23 | $0.10 | semi annually | 2023-06-30 |
| 2023-05-23 | $0.10 | semi annually | 2023-05-31 |
Dividend Increase
. In comparison, Southwest Airlines has seen an average growth rate of 69.76% over the past five years and Allegiant Travel's growth rate was -0.71%.
By comparing Spirit Airlines's dividend growth to other companies, investors can gain insight into how consistent its dividend strategy is and what that means for future payouts. However, dividend growth is just one factor to consider. Investors should also evaluate other metrics, such as earnings growth, payout ratio, and overall financial health, to get a full picture of Walmart's dividend sustainability and potential.
Dividend Yield
Spirit Airlines's current trailing twelve-month (TTM) dividend yield is 18.52%. Over the last 12 months, Spirit Airlines has maintained this yield, but how does it compare to similar stocks? For example, Southwest Airlines offers a yield of 2.24%, while Allegiant Travel provides a yield of 1.17%. Comparing similar stocks can help investors assess Spirit Airlines's yield and make more informed decisions.
| Company | Dividend Yield | Annual Dividend | Stock Price |
|---|---|---|---|
| Spirit Airlines (SAVE) | 18.52% | $0.2 | $1.08 |
| Southwest Airlines (LUV) | 2.24% | $0.72 | $32.16 |
| Allegiant Travel (ALGT) | 1.17% | $1.2 | $102.34 |
Dividend Yield Calculator
Interested in purchasing Spirit Airlines stock? Use our calculator to estimate your expected dividend yield and see how Walmart's consistent payouts could contribute to your long-term investment goals. Understanding your potential returns can help you make an informed decision.
Payout Ratio
Spirit Airlines has a payout ratio of 0.00%. In comparison, American Airlines has a payout ratio of 0.00%, while Delta Air Lines's payout ratio is 0.09%.
It's important to note that the payout ratio is just one of many metrics investors use to assess a company's dividend sustainability and growth potential. It should be considered alongside other financial indicators such as earnings, cash flow, and debt levels to gain a complete picture of the company's financial health.
About Spirit Airlines
- Global presence Operates in various countries around the world
- Key Segments Dividend investors should focus on the company's consistent revenue growth and profitability in key segments
- Products/Services Company offers a range of products/services that cater to different customer needs, providing diversification opportunities for investors
- Financial stability Strong financial performance and stable dividend payouts, indicating a reliable source of income for investors.
Frequently Asked Question
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.
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