August 10, 1976

Southwest's Board of Directors declares the Company's first ever quarterly dividend to shareholders of record at close of business October 8, 1976, payable October 22, 1976, in the amount of $6.25.

September 30, 1976

Public issue of 461,242 shares of Southwest common stock from original 2 million authorized. (366,242 shares were sold by Southwest and 95,000 shares for the account of certain warrant holders.) As of January 1, 1977, there are 1,590,000 shares outstanding. E. F. Hutton, Dallas, is the principal underwriter.

January 26, 1977

Southwest's Board of Directors declares 5-for-4 stock split for shareholders of record at the close of business February 23, 1977, payable on March 16, 1977. They also declare second quarterly cash dividend payable on February 21, 1977 to shareholders of record at close of business February 7, 1977.

October 25, 1977

Southwest's Board of Directors announces a quarterly dividend of $ .07 per share to be paid on November 15, 1977 to shareholders of record at the close of business on Tuesday, November 8, 1977.

January 25, 1978

Southwest Board of Directors declares 3-for-2 stock split of the Company's common stock to be distributed on March 24, 1978. The stock split will result in an additional 1,000,000 shares of the Company's common stock issued. The Southwest Board also declared a quarterly cash dividend of $ .07 per shareholders of record at the close of business on February 10, 1978.

April 26, 1978

Southwest Board of Directors announces a quarterly dividend of $ .07 per share. The $ .07 per share dividend was paid on May 22 to shareholders of record at the close of business on May 12, 1978.

October 31, 1978

The Board of Directors of Southwest declares the Company's regular quarterly cash dividend on the current 3,000,000 issued and out-standing shares of Southwest Common Stock in the amount of $ .07 per share. This cash dividend will be paid on November 28, 1978 to shareholders of record at the close of business on November 14, 1978. In additional action, the Board gives final approval to the purchase of a previously announced Advanced Boeing 737-200 jet aircraft to be delivered in February 1980, bringing the number of Boeing 737 in the Southwest fleet to 18. Southwest also places deposits with the Boeing Commercial Aircraft Company for options to purchase three additional Advanced 737-200 jet aircraft (numbers 19-20-21) to be delivered in early 1981.

January 23, 1979

Southwest Board of Directors declares a 3-for-2 stock split of the Company's common stock to be distributed on February 23, 1979 to shareholders of record at the close of business on February 9, 1979. The stock split will result in an additional 1,500,000 shares of the Company's common stock issued. The Board also declared a quarterly cash dividend of $ .07 per share to be paid on March 23, 1979 to shareholders of record at the close of business on March 9, 1979.

April 24, 1979

At their annual meeting, shareholders of Southwest re-elect all seven incumbent directors and add a new director, Howard D. Putnam. Shareholders approve three amendments to the Company's profitsharing plan and adopt a charter amendment increasing authorized Common Stock 5,000,000 to 15,000,000 shares.

August 28, 1979

Southwest Board of Directors in its regular bimonthly meeting declares a dividend of $.07 per share on the Company's Common Stock, its twelfth consecutive dividend payable on September 25, 1979 to shareholders of record on September 11, 1979.

October 08, 1979

Two related transactions are finalized by Southwest which provide long-term financing for aircraft acquisitions and general working capital purposes.

October 22, 1979

Board of Directors declares a dividend of $.07 per share on the Company's common stock, the Company's thirteenth consecutive, payable on December 18, 1979 to shareholders of record on December 4, 1979.

February 26, 1980

Southwest Board of Directors increases the quarterly dividend to $.08 per share on the 4,566,500 issued and outstanding shares. The cash dividend will be paid on March 28, 1980 to shareholders of record at the close of business on March 8, 1980.

April 22, 1980

At their annual meeting, shareholders re-elect all seven incumbent members of the Company's Board of Directors. Board of Directors declares, for the second consecutive quarter, a dividend of $.08 per share of the Company's common stock payable on June 26, 1980 to shareholders of record on June 12, 1980.

June 24, 1980

Southwest Board of Directors approves the purchase of three new -200 aircraft to be delivered during the first quarter of 1982.

August 26, 1980

Board of Directors declares a 3-for-2 stock split to be distributed on September 22, 1980 to shareholders of record at the close of business on September 8, 1980. This split increases the number of outstanding shares from 4,566,500 to 6,849,750 shares.

October 27, 1980

Board of Directors confirms orders for three additional -200 aircraft, placed deposits for six additional 737's, declared a fourth quarter dividend and will take delivery of a total of nine more 737's by 1983.

February 24, 1981

Board of Directors declares a dividend of $.08 per share on the Company's common stock. This dividend, the Company's eighteenth consecutive, is payable on March 31, 1981 to shareholders of record on March 16, 1981.

April 28, 1981

Board of Directors approves the purchase of five additional -200s. The Board of Directors also declares a dividend of $.08 per share on the Company's common stock. This dividend, the Company's nineteenth consecutive quarterly dividend, is payable on June 30, 1981. Shareholders re-elect all seven incumbent members of the Company's Board of Directors.

June 23, 1981

With the approval of the Board of Directors, Southwest signs contracts with The Boeing Company of Seattle for the purchase of ten 737-300 aircraft and options on ten more. In 1980 dollars, the base price of a Boeing 737-300 is $16.2 million. Southwest will operate the aircraft with 142 seats.

August 25, 1981

"Loving You Is What We Do" is the theme of a multi-media advertising campaign launching Southwest's second decade of service. Board of Directors declares a 5-for-4 stock split to be distributed on October 23, 1981 to shareholders of record at the close of business on September 28, 1981. The Board also declare the Company's regular quarterly dividend of $.08 per share on 8,326,000 shares currently issued and outstanding.

September 22, 1981

Howard D. Putnam, President of Southwest announces his resignation to become President and COO of Braniff International. Also resigning to join Putnam at Braniff is Philip Guthrie, Southwest Vice President Finance. The Board of Directors asks Herb to serve as acting President and CEO, in addition to Chairman of the Board.

February 23, 1982

Herb, our Chairman, agrees to permanently assume the additional positions of President and Chief Executive Officer of Southwest Airlines. Board of Directors declares a dividend of $.08 per share on the Company's 10,407,500 shares currently issued and outstanding. This cash dividend will be paid on March 31, 1982, to shareholders of record at the close of business on March 15, 1982.

July 27, 1982

Southwest's Board of Directors Executive Committee announces the purchase of three additional -200s bringing to 41 the number of -200s on firm order or owned in the fleet. The three aircraft are scheduled for delivery in May and June 1983, with the option of delivery as late as December 1983.

August 24, 1982

Board of Directors declares the Company's regular quarterly currently issued and out-standing. This 24th consecutive cash dividend will be paid on September 30, 1982 to shareholders of record at the close of business on September 10, 1982.

October 11, 1982

Board of Directors, in a special meeting held Saturday, October 9, declares the Company's 25 consecutive dividend of $.08 per share on 11,171,562 shares currently issued and outstanding, payable on December 22, 1982, to shareholders of record at the close of business on December 2, 1982.

December 15, 1982

Board of Directors declares a 2-for-1 stock split of the Company's Common Stock to be distributed on January 21, 1983 to shareholders of record at the close of business on December 29, 1982. The split increased the number of outstanding shares from 11,171,562 to 22,343,124 shares.

February 22, 1983

Board of Directors declares the Company's 26th consecutive quarterly dividend of $.04 per share. This cash dividend will be paid to shareholders of record at the close of business on March 15, 1983.

August 27, 1983

Board of Directors declares the Company's 28th consecutive quarterly dividend of $.04 per share on the 23,551,916 shares currently issued and outstanding to be paid September 30, 1983 to shareholders of record at the close of business on September 9, 1983.

October 25, 1983

Board of Directors declares the Company's 29th consecutive quarterly dividend of $.04 per share on 23,551,916 shares to be paid on December 20, 1983 to shareholders of record at the close of business on December 6, 1983. Mr. Walter M. Mischer, Sr. of Houston is elected to the Board of Directors.

December 20, 1983

Board of Directors declares 5-for-4 stock split of the Company's Common Stock to be distributed on January 27, 1984 to shareholders of record at the close of business on January 3, 1984, record at the close of business on January 3, 1984, increasing its number of outstanding shares from 23,551,916 to 29,439,895 shares of Common Stock.

November 01, 1984

Donald G. Valentine joins Southwest as Vice President Marketing.

March 03, 1986

Herb co-hosts a reception with the Metro Nashville Airport Authority to dedicate the Airport's new West Terminal. Board of Directors declares the company's 38th consecutive quarterly dividend of 3.25 cents per share on the 32,254,220 shares currently issued and outstanding. This cash dividend will be paid on March 27, 1986 to shareholders of record at the close of business on March 11, 1986.

June 24, 1986

Board of Directors thanks members of the Dallas City Council who voted to continue the voluntary noise control program at Love Field.

July 14, 1986

Board of Directors declares a dividend of one common share purchase right for each outstanding share of Southwest's common stock, payable on July 31, 1986 to the shareholders of record on that date. Each right entitles its holder to buy from Southwest one share of the Company's common stock at an exercise price of $75.00. Southwest reaches a five year agreement with AMR Information Services, Inc., under which AMR Information Services' computerized reservation system will be used to host reservations activities for Southwest and TranStar Southwest announces the purchase of a -200 flight simulator from American Airlines.

October 28, 1986

Board of Directors declares the Company's 41st consecutive quarterly dividend of 3.25 cents per share on the 32,254,269 shares currently issued and outstanding at its meeting held October 28, to be paid on December 18, 1986 to shareholders of record at the close of business on December 3, 1986.

January 21, 1987

Board of Directors declares the Company's 42nd consecutive quarterly dividend of 3.25 cents per share on the 32,254,269 shares currently issued and outstanding to be paid on March 26, 1987 to shareholders of record at the close of business on March 10, 1987.

July 15, 1987

Board of Directors declares the Company's 44th consecutive quarterly dividend of 3.25 cents per share on the 32,254,269 shares currently issued and outstanding to be paid on September 25, 1987 to shareholders of record at the close of business on September 9, 1987.

July 20, 1988

Board of Directors declares the Company's 48th consecutive quarterly dividend of 3.25 cents per share on all shares currently issued and outstanding to be paid on September 26, 1988 to shareholder of record at the close of business on September 9, 1988.

November 16, 1988

Board of Directors declares a quarterly dividend of 3.5 cents per share on all shares currently insured and outstanding. The decision to increase the quarterly dividend to 3.5 cents per share from the previous 3.25 cents per share reflects the company's record third quarter earnings performance and its continued commitment to its shareholders. The 49th consecutive quarterly dividend will be paid on December 20, 1988 to shareholders of record at the close of business on December 5, 1988.

January 16, 1989

Board of Directors declares a quarterly dividend of 3.5 cents per share on all shares currently issued and outstanding. This 50th consecutive quarterly dividend will be paid on March 27, 1989 to shareholders of record at the close of business on March 10, 1989.

May 17, 1989

Board of Directors declares a quarterly dividend of 3.5 cents per share on all shares currently issued and outstanding. The 51st consecutive quarterly dividend will be paid on June 28, 1989 to shareholders of record at the close of business on June 13, 1989.

July 19, 1989

Board of Directors declares a quarterly dividend of 3.5 cents per share on all shares currently issued and outstanding. This 52nd consecutive quarterly dividend will be paid on September 26, 1989 to shareholders of record at the close of business on September 8, 1989.

November 15, 1989

Board of Directors declares a quarterly dividend of 3.5 cents per share on all shares issued and outstanding. This 53rd consecutive quarterly dividend will be paid on December 20, 1989 to shareholders of record at the close of business on December 5, 1989.

May 16, 1990

Board of Directors declares a quarterly dividend of 3.5 cents per share on all shares currently issued and outstanding. This 55th consecutive quarterly dividend will be paid on June 28, 1990, to shareholders of record at the close of business on June 13, 1990.

July 18, 1990

Board of Directors declares a 3-for-2 stock split of the Company's common stock; increased the quarterly dividend by 7%; and Announces its intention to purchase up to 1,500,000 shares of the Company's common stock in the open market from time to time. The 3-for-2 stock split will be distributed on August 29, 1990, to shareholders of record at the close of business on August 13, 1990. This stock split will result in an approximate 50% increase in the number of common shares outstanding as of the record date, with cash paid in lieu of fractional shares. As of July 18, before the effects of the stock split, there were 28,264,436 shares outstanding. The 56th consecutive quarterly cash dividend will be paid on September 26, 1990, to shareholders of record at the close of business on September 12, 1990. The dividend of 2.5 cents per share represents an increase of 7.1% from the previous dividend rate, after taking into account the 3-for-2 stock split.

November 15, 1990

Reno/Tahoe (RNO) service is inaugurated with 12 daily flights; six roundtrip flights daily each to LAS and OAK. Board of Directors declares a quarterly dividend of 2.5 cents per share on all shares currently issued and outstanding. This 57th consecutive quarterly dividend will be paid on December 20, 1990, to shareholders of record at the close of business on December 5, 1990.

May 15, 1991

Board of Directors declares a quarterly dividend of 2.5 cents per share on all shares currently issued and outstanding.

July 17, 1991

Board of Directors declares a quarterly dividend of 2.5 cents per share on all shares currently issued and outstanding.

November 20, 1991

Board of Directors declares a quarterly dividend of 2.5 cents per share on all shares currently issued and outstanding.

January 15, 1992

Board of Directors declares a quarterly dividend of 2.5 cents per share on all shares currently issued and outstanding, at today's meeting.

May 20, 1992

Board of Directors declares a quarterly dividend of 2.5 cents per share on all shares currently issued and outstanding. The board also declared a 2-for-1 stock split of the Company's common stock and, concurrent with the stock split, increased the quarterly dividend by 12%.

November 18, 1992

Board of Directors declares a quarterly dividend of 1.4 cents per share on all shares currently issued and outstanding. This 65th consecutive quarterly dividend will be paid on December 28, 1992, to shareholders of record at the close of business on December 7, 1992.

July 21, 1993

Board of Directors declares a quarterly dividend of one cent per share on all shares currently issued and outstanding.

November 17, 1993

Southwest and Boeing announce that the 737-X family of jetliners, the next-generation of the 737, will proceed on the strength of Southwest's commitment for 63 jets for delivery 1997 through 2001. The schedule for delivery is planned as follows: four for delivery in Fall 1997, 16 in each of 1998 and 1999, 15 in 2000, and 12 in 2001. Board of Directors declares a quarterly dividend of 1 cent per share on all shares currently issued and outstanding.

January 20, 1994

Board of Directors declares a quarterly dividend of 1 cent per share on all shares currently issued and outstanding.

March 23, 1994

C. Webb Crockett, a partner and director in the law firm of Fennemore Craig in Phoenix, Arizona, is elected to Board of Directors. June M. Morris, founder of Morris Air, CEO and Director of Morris Air Corporation, is elected to Board of Directors.

November 17, 1994

Board of Directors declares a quarterly dividend of one cent per share on all shares currently issued and outstanding. The 73rd consecutive quarterly dividend will be paid on January 3, 1995 to shareholders of record at the close of business on December 6, 1994. Announces a tentative agreement with its Pilots, represented by the SouthwestPA, for a new ten-year contract. Under the agreement, Pilots will be granted options to acquire up to approximately 1.4 million shares of the Company's stock in each year of the ten year agreement. In return, Pilots would agree to maintain pay rates at existing levels for the next five years, with guaranteed increases of 3% a year in three of the last five years of the agreement.

January 21, 1995

Board of Directors declares a quarterly dividend of one cent per share on all shares currently issued and outstanding.

May 18, 1995

Board of Directors declares a quarterly dividend of one cent per share on all shares currently issued and outstanding. Southwest Airlines ranks fourth among airlines in the Consumer Reports Survey by Consumer Reports.

November 16, 1995

Board of Directors declares a quarterly dividend of one cent per share on all shares currently issued and outstanding.

January 18, 1996

Board of Directors declares a quarterly dividend of 1.1 cents per share on all shares currently issued and outstanding.

May 20, 1999

Southwest Airlines’ Board of Directors declares a 3-for-2 stock split of the Company’s common stock and also increased the quarterly dividend at the May 20 Shareholders Meeting. The 3-for-2 stock split will be distributed on July 19, 1999 to Shareholders of record at the close of business on June 30, 1999.

September 23, 1999

Southwest Airlines announces that its Board of Directors has authorized a repurchase of up to $250 million of the Company’s common stock. Based on the closing price of $14.625 on Sep. 22, 1999, this represents approximately 17.1 million shares of common stock.

July 20, 2000

Board of Directors declares a quarterly dividend of $.0055 per share to Shareholders of record at the close of business on September 6, 2000 on all shares then issued and outstanding. The 96th consecutive dividend will be paid on September 27, 2000.

September 21, 2000

William H. Cunningham, the former chancellor of The University of Texas System, is named to the Southwest Airlines Board of Directors. He replaces retiring board member Walter Mischer, Sr. Southwest Airlines finishes second in this year’s airline industry ranking of the “World’s Most Admired Companies” by Fortune magazine.

January 18, 2001

Southwest Airlines' Board of Directors declares a 3-for-2 stock split of the Company's common stock and also increased the quarterly dividend.

February 13, 2001

Kevin Krone is promoted to Vice President Interactive Marketing.

November 15, 2001

Bob Jordan is named Vice President of Purchasing and Steve Whaley is named Controller. Southwest Airlines' Board of Directors declares a quarterly dividend of $.0045 per share to Shareholders of record at the close of business on December 5, 2001 on all shares then issued and outstanding. The 101st consecutive dividend will be paid on January 4, 2002.

April 12, 2002

John T. Monford, senior vice president-legislative and political affairs for SBC Communications is nominated for election to Southwest's Board of Directors. Subject to Shareholder approval, his term will begin at the Annual Shareholders Meeting on May 15, as two longtime Boardmembers, Sam Barshop and Gene Bishop, retire from service.

March 20, 2003

Louis Caldera and Nancy Ann Brown Loeffler are elected to the Southwest Airlines Board of Directors. Louis Caldera is the Vice Chancellor for University Advancement of the California State University System and President of the CSU Foundation. Nancy Ann Brown Loeffler is a Member of the University of Texas M.D. Anderson Cancer Center Board of Visitors, and serves on the Board of Regents at St. Mary's University, the South Texas Community Foundation, the National Cowgirl Museum and Hall of Fame, the Vice President' Residence Foundation in Washington D.C., the Capitol Advisory Committee for Texas Lutheran University, and the Blanton Museum of Art located on the University of Texas campus.

January 24, 2006

Southwest announces an expanded codeshare agreement with ATA to include new connecting service through HOU and OAK. The HOU service begins April 2, and will connect Customers from various Southwest cities to ATA flights to New York City's La Guardia Airport. The OAK service starts April 28, and will connect Customers from various Southwest cities to ATA flights to Hilo, Honolulu, and Maui, Hawaii. The codeshare agreement allows Southwest and ATA to exchange passengers and their checked baggage at either HOU or OAK, with a single ticketing option through either airline. The Southwest Board of Directors declare 118th Consecutive quarterly dividend of $.0045 per share to Shareholders of record at the close of business on March 2, 2006, on all shares then issued and outstanding. Our Board also authorizes the repurchase of up to $300 million of Southwest's common stock, or about 18 million shares out of 804 million shares outstanding.

April 19, 2006

David Biegler is nominated for election to the Southwest Airlines Board of Directors. Subject to Shareholder approval, his term will begin at Southwest's annual meeting of Shareholders on May 17, as two members of Southwest's Board, June Morris and Rollin King, retire from the Board. A 40-year veteran in the energy industry, David retired as Vice Chairman of TXU Corp. and is now Chairman and CEO of Estrella Energy LP, a Dallas-based partnership engaged in the natural gas pipeline industry.

May 21, 2008

At the Board of Directors meeting, it is announced that Gary will become Chairman of the Board to replace Herb who relinquished his title on this date. On July 16, Gary will also assume the President role to succeed Colleen who steps down as President the day before. Both Herb and Colleen are honored at the annual Shareholder's Meeting, and they are named Chairman Emeritus and President Emeritus respectively.

August 26, 2009

Board of Directors declares the Company's 27th consecutive dividend of $.04 per share to be paid on June 27, 1983 to Shareholders of record at the close of business on June 6, 1983.

January 28, 2010

Doug Brooks, Chairman, President, and CEO of Brinker International is named to Southwest Airline’s Board of Directors, effective February 15.  His term will run through the Annual Stockholders Meeting in May.

November 18, 2010

Southwest Airlines' Board of Directors declared a quarterly dividend of $.0045 per share to Shareholders of record at the close of business on December 9, 2010 on all shares then issued and outstanding. The 137th consecutive dividend will be paid on January 6, 2011.

August 17, 2011

The Southwest Airlines Board of Directors appoint J. Veronica Biggins to the Board.  Biggins was a member of the Board of Directors for AirTran Holdings, Inc., parent company of AirTran Airways, which was acquired by Southwest Airlines in a deal that was completed in May 2011.