Willis Lease Finance Corporation (NASDAQ:WLFC) Announces $0.25 Quarterly Dividend

Key Points

• Willis Lease Finance Corporation announced a quarterly dividend of $0.25 per share, with an ex-dividend date of August 12th and payment scheduled for August 21st, reflecting a dividend yield of 0.7%.
• Shares of WLFC fell by 4.6% to $135.00 on the day of the announcement with a market cap of $1.04 billion and a P/E ratio of 9.25.
• Insider sales included Chairman Charles F. Iv Willis and President Brian Richard Hole, who sold shares recently, indicating a decrease in their ownership stakes in the company.

Willis Lease Finance Corporation (NASDAQ:WLFC - Get Free Report) announced a quarterly dividend on Wednesday, July 30th, Wall Street Journal reports. Stockholders of record on Tuesday, August 12th will be given a dividend of 0.25 per share by the transportation company on Thursday, August 21st. This represents a c) dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date of this dividend is Tuesday, August 12th.

Willis Lease Finance has a payout ratio of 6.9% indicating that its dividend is sufficiently covered by earnings.

Willis Lease Finance Stock Performance

Shares of WLFC traded up $6.76 on Tuesday, reaching $144.99. 29,592 shares of the stock traded hands, compared to its average volume of 77,025. The firm has a market cap of $1.11 billion, a price-to-earnings ratio of 9.87 and a beta of 1.13. The company has a debt-to-equity ratio of 3.95, a current ratio of 2.17 and a quick ratio of 1.61. Willis Lease Finance has a 12 month low of $89.43 and a 12 month high of $235.43. The stock's 50-day moving average price is $140.21 and its 200-day moving average price is $157.29.

Willis Lease Finance (NASDAQ:WLFC - Get Free Report) last posted its earnings results on Tuesday, August 5th. The transportation company reported $8.43 EPS for the quarter, topping the consensus estimate of $2.57 by $5.86. Willis Lease Finance had a return on equity of 19.69% and a net margin of 17.21%.

Willis Lease Finance Company Profile

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.