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Southwest Airlines raises dividend by 28 pct on tax reform gains

May 16 (Reuters) - Southwest Airlines Co said on Wednesday it raised its dividend by 28 percent, citing strong results and savings from tax reforms.

The fourth-largest U.S. airline will now pay 16 cents per share, up from 12.5 cents.

The company also authorized a new $2 billion share repurchase program. (Reporting by Sanjana Shivdas in Bengaluru Editing by Saumyadeb Chakrabarty)