Southwest Airlines slides 1.48%; closes lower for four consecutive days

A quick look at Friday: during Friday's session, Southwest Airlines Co. toiled and struggled for upward momentum before closing at $30.03. By the close, the the major US airline suffered a 45 cents or 1.48% loss.

• Daily trading volume (7.71 million shares) was slightly greater than the current multiday average of 6 million.
• Southwest Airlines's board sets quarterly dividend of 18 cents per share to be paid on Wednesday, March 29th; annual dividend yield esimated at 2.4%.

With traders awaiting session open in a day, Friday's session was noteworthy in that Nasdaq slips 0.74% before ending the session at 11,631. Southwest Airlines was down Friday while similar drops were seen throughout the Industrials sector (down 0.422%).

The major US airline has shed 18.04% over the past three months. So far this year, it has been under-performing the Nasdaq by 11.65%. The company's market cap currently stands at $17.85 billion with an average daily volume of 6 million shares. Southwest Airlines expected revenue of $6.19 billion with an EPS of -3 cents.

Looking back, the firm's board declared a dividend of 18 cents per share on Wednesday, February 1st for all shareholders on record up until Wednesday, March 8th. Based on current prices, the move allows shareholders to receive an annual dividend yield of 2.4% this year to be paid on Wednesday, March 29th.

Southwest Airlines was not the only decliner in the industrials sector; Raytheon Technologies closed at $95.75 (down 2.38%). Honeywell International went down to $184.64, losing 2.38% after it closed at $189.14 Friday. Lockheed Martin slumps 1.56% Friday to close at $473.24.