Willis Lease Finance Co. Announces Quarterly Dividend of $0.25 (NASDAQ:WLFC)

Willis Lease Finance Co. (NASDAQ:WLFC - Get Free Report) announced a quarterly dividend on Wednesday, April 30th, Wall Street Journal reports. Stockholders of record on Monday, May 12th will be given a dividend of 0.25 per share by the transportation company on Thursday, May 22nd. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.72%. The ex-dividend date of this dividend is Monday, May 12th.

Willis Lease Finance has a dividend payout ratio of 5.2% meaning its dividend is sufficiently covered by earnings.

Willis Lease Finance Price Performance

NASDAQ:WLFC traded up $3.59 during trading hours on Friday, reaching $139.74. The company had a trading volume of 52,612 shares, compared to its average volume of 35,423. Willis Lease Finance has a one year low of $58.63 and a one year high of $235.43. The stock has a 50-day moving average of $155.16 and a two-hundred day moving average of $184.95. The company has a quick ratio of 0.76, a current ratio of 1.16 and a debt-to-equity ratio of 3.84. The firm has a market capitalization of $1.07 billion, a PE ratio of 9.90 and a beta of 1.13.

Willis Lease Finance (NASDAQ:WLFC - Get Free Report) last posted its quarterly earnings results on Tuesday, May 6th. The transportation company reported $2.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.41 by ($2.20). The firm had revenue of $157.73 million during the quarter, compared to the consensus estimate of $149.00 million. Willis Lease Finance had a net margin of 18.56% and a return on equity of 20.62%.

Insider Buying and Selling at Willis Lease Finance

In related news, CEO Austin Chandler Willis sold 3,450 shares of the firm's stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $204.14, for a total value of $704,283.00. Following the completion of the transaction, the chief executive officer now owns 158,034 shares in the company, valued at $32,261,060.76. This trade represents a 2.14 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Scott B. Flaherty sold 5,026 shares of the company's stock in a transaction dated Monday, March 24th. The shares were sold at an average price of $184.50, for a total value of $927,297.00. Following the completion of the sale, the executive vice president now owns 79,270 shares in the company, valued at $14,625,315. This trade represents a 5.96 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 13,465 shares of company stock worth $2,439,074 over the last 90 days. Company insiders own 57.02% of the company's stock.

About Willis Lease Finance

Willis Lease Finance Corporation operates as a lessor and servicer of commercial aircraft and aircraft engines worldwide. The company operates through two segments, Leasing and Related Operations, and Spare Parts Sales. The Leasing and Related Operations segment engages in acquiring and leasing commercial aircraft, aircraft engines, and other aircraft equipment, as well as the purchase and resale of commercial aircraft engines and other aircraft equipment, and other related businesses.