Trailing Dividend / Share
$2.47
Southwest Gas Holdings, Inc. (SWX) Dividend History
Income profile from 1985 to 2026 with payout safety and yield-on-cost trend
Dividend Yield
2.7%
Payout Ratio
40.6%
Sustainable
Dividend Streak
0 years
SWX Dividend Income Check
Safety
40.6% payout ratio with sustainable safety profile.
Consistency
0 straight years of dividend increases.
Income Trend
Yield on cost is 4.2% and trend is rising.
SWX Dividend Scorecard
Yield & Income
Dividend Yield2.7%
Trailing DPS$2.47
FrequencySemi-Annual
Payments / 12M5
Payout Safety
Earnings Payout40.6%
Earnings SafetySustainable
FCF Payout249.2%
FCF SafetyStretched
Piotroski F-Score7/9
Growth
Growth Streak0 years
3Y CAGR0.3%
5Y CAGR1.9%
Yield on Cost (5Y)4.2%
YOC Trendrising
Total Returns
Buyback Yield0.0%
Total Shareholder Yield2.7%
1Y Total Return22.0%
5Y Total Return46.5%
Div Contribution (5Y)17.5%
Estimated $10K growth (return + dividends):
5Y ago$14,64810Y ago$16,73620Y ago$42,676
Uses precomputed total return metrics from screening data (not lot-by-lot dividend reinvestment transactions). Different time windows can produce different outcomes depending on market regime and entry point.
SWX Income Growth Story
Dividend per share and yield on cost over time (42 years of payments)
SWX Dividend Safety Story
EPS is the container — dividend is what's drawn out
Dividend Analysis
Payout Safety
Southwest Gas Holdings, Inc. distributes 40.6% of earnings as dividends (Sustainable). When measured against free cash flow—a stricter test—the payout ratio stands at 249.2%, rated "Stretched".
Piotroski F-Score: 7/9 — strong financial health.
Growth Track Record
SWX does not have a current streak of consecutive dividend increases, with a 3-year CAGR of 0.3% and 5-year CAGR of 1.9%.
Total Shareholder Returns
Beyond cash dividends, SWX returns capital through share repurchases. The combined picture: 2.7% dividend yield, 2.7% total shareholder yield.
Income Trend & Total Return
Yield on cost (5-year basis) has reached 4.2% and is currently rising. The 5-year total return is 46.5%, with dividends contributing 17.5% of that performance.
DRIP Growth
A $10,000 investment made 10 years ago with dividends reinvested would have grown to approximately $16,736 today.
FCF payout is stretched — the dividend consumes a large share of free cash flow.
SWX Recent Dividend Payments
Last 20 payments · Semi-Annual
TTM Total$12.35
Avg/Payment$0.6177
Latest Change+4.8%
| Ex-Date | Amount | Change | Yield % | Payment Date |
|---|---|---|---|---|
| May 15, 2026Latest | $0.6500 | ↑ +4.8% | 2.70% | Jun 1, 2026 |
| Feb 17, 2026 | $0.6200 | — | 2.81% | Mar 2, 2026 |
| Nov 17, 2025 | $0.6200 | — | 3.11% | Dec 1, 2025 |
| Aug 15, 2025 | $0.6200 | — | 3.20% | Sep 2, 2025 |
| May 15, 2025 | $0.6200 | — | 3.58% | Jun 2, 2025 |
| Feb 18, 2025 | $0.6200 | — | 3.18% | Mar 3, 2025 |
| Nov 15, 2024 | $0.6200 | — | 3.24% | Dec 2, 2024 |
| Aug 15, 2024 | $0.6200 | — | 3.51% | Sep 3, 2024 |
SWX Dividend vs Peers
Comparable companies in the same industry
#7 yield in peer group
Div Yield
2.7%
#7 of 9
Safety
Sustainable
40.6% payout
Streak
0Y
1.9% 5Y CAGR
Total Shareholder
2.7%
#7 of 9
| Company | Mkt Cap | Yield | Payout | Streak | Safety |
|---|---|---|---|---|---|
| SWXSouthwest Gas Holdin… | $6.6B | 2.7% | 40.6% | 0 | Sustainable |
3rd  NJRNew Jersey Resources… | $5.6B | 3.2% | 53.7% | 4 | Sustainable |
2nd  SRSpire Inc. | $5.1B | 3.6% | 67.1% | 12 | Watch |
1st  NWNNorthwest Natural Ho… | $2.1B | 3.8% | 68.2% | 7 | Watch |
 ATOAtmos Energy Corpora… | $30.1B | 1.9% | 46.2% | 28 | Sustainable |
 WECWEC Energy Group, In… | $36.7B | 3.1% | 73.7% | 23 | Watch |
 NINiSource Inc. | $22.5B | 2.4% | 57.1% | 4 | Sustainable |
 CMSCMS Energy Corporati… | $22.8B | 3.0% | 61.9% | 19 | Watch |
 LNTAlliant Energy Corpo… | $18.5B | 2.8% | 64.3% | 22 | Watch |
SWX Annual Dividend History (1985–2026)
42 years of dividend data
GrowthDecline
| Year | DPS | YoY | Pmts | EPS | Payout | Coverage | YOC |
|---|---|---|---|---|---|---|---|
| 2026YTD | $1.27 | — | 2 | — | — | — | 2.1% |
| 2025 | $2.48 | 0.0% | 4 | $6.08 | 40.8% | 2.45x | 4.2% |
| 2024 | $2.48 | 0.0% | 4 | $2.76 | 89.9% | 1.11x | 4.2% |
| 2023 | $2.48 | 1.0% | 4 | $2.13 | 116.4% | 0.86x | 4.2% |
| 2022 | $2.46 | 4.2% | 4 | $-24.75 | — | — | 4.1% |
| 2021 | $2.35 | 4.4% | 4 | $3.39 | 69.5% | 1.44x | 4.0% |
| 2020 | $2.25 | 4.6% | 4 | $4.14 | 54.5% | 1.84x | 3.8% |
| 2019 | $2.15 | 4.9% | 4 | $3.94 | 54.7% | 1.83x | 3.6% |
| 2018 | $2.06 | 6.2% | 4 | $3.68 | 55.8% | 1.79x | 3.5% |
| 2017 | $1.94 | 10.3% | 4 | $4.04 | 47.9% | 2.09x | 3.3% |
See SWX's True Return
Price is only half the story. See total return with reinvested dividends.
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Start ComparisonSWX — Frequently Asked Questions
Quick answers to the most common questions about buying SWX stock.
How much dividend does SWX pay per share?
Southwest Gas Holdings, Inc. (SWX) pays a trailing 12-month dividend of $2.47 per share, with a current dividend yield of +2.7%. Payments are made Semi-Annual.
When is SWX's next ex-dividend date?
SWX's most recent ex-dividend date is N/A. You must own shares before the ex-dividend date to receive the next payment. SWX typically pays dividends Semi-Annual.
Is SWX's dividend safe?
SWX's dividend safety is rated "Sustainable" based on an earnings payout ratio of +40.6% and FCF payout ratio of +249.2%. The dividend history does not yet show a prolonged growth streak.
How many years has SWX increased its dividend?
SWX has not maintained a consecutive growth streak recently. The 5-year dividend CAGR is +1.9%.
How often does SWX pay dividends?
Southwest Gas Holdings, Inc. pays dividends Semi-Annual. The trailing 12-month total is $2.47 per share. Dividend data on this page covers 41+ years from 1985 to 2026.
How much would $10,000 invested in SWX grow with dividend reinvestment?
With dividends reinvested (DRIP), $10,000 invested in SWX five years ago would be worth approximately $14,648 today. This includes both price appreciation and compounded dividend reinvestment. Use the DRIP calculator above for other time periods.
What is SWX's yield on cost for long-term holders?
SWX's yield on cost — the current dividend divided by the original purchase price — is +4.2% for a 5-year holding period. This means long-term holders earn a higher effective yield than today's +2.7% market yield, thanks to consistent dividend growth.