Willis Lease Finance Corporation Announces Quarterly Dividend of $0.40 (NASDAQ:WLFC)

Willis Lease Finance Corporation (NASDAQ:WLFC) declared a quarterly dividend on Tuesday, January 20th. Stockholders of record on Wednesday, February 11th will be given a dividend of 0.40 per share by the transportation company on Friday, February 20th. This represents a c) dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date of this dividend is Wednesday, February 11th.

Willis Lease Finance has a payout ratio of 11.0% meaning its dividend is sufficiently covered by earnings.

Willis Lease Finance Stock Down 4.3%

NASDAQ:WLFC traded down $7.91 during trading hours on Tuesday, reaching $176.19. The company’s stock had a trading volume of 67,819 shares, compared to its average volume of 68,357. The company has a debt-to-equity ratio of 3.44, a current ratio of 1.88 and a quick ratio of 1.50. The company has a market cap of $1.20 billion, a price-to-earnings ratio of 10.55 and a beta of 0.80. Willis Lease Finance has a one year low of $114.01 and a one year high of $211.00. The business’s 50-day moving average is $136.13 and its 200-day moving average is $139.20.

Willis Lease Finance (NASDAQ:WLFC) last announced its quarterly earnings results on Tuesday, November 4th. The transportation company reported $3.25 earnings per share for the quarter, missing analysts’ consensus estimates of $3.34 by ($0.09). Willis Lease Finance had a return on equity of 20.58% and a net margin of 17.79%.The company had revenue of $154.40 million during the quarter, compared to analyst estimates of $156.00 million.

About Willis Lease Finance

Willis Lease Finance Corporation (NASDAQ: WLFC) is an independent global provider of aircraft engine leasing, trading and aftermarket services. Founded in 1991 and headquartered in the United States, the company specializes in offering short- and long-term operating leases for jet engines and auxiliary power units. Through its broad engine portfolio, Willis Lease Finance supports a wide range of commercial aircraft across various operators, including major airlines, regional carriers and other leasing companies.

In addition to leasing solutions, Willis Lease Finance offers comprehensive engine trading and asset management services.