Willis Lease Finance Corporation (NASDAQ:WLFC) Raises Dividend to $0.40 Per Share

Willis Lease Finance Corporation (NASDAQ:WLFC) declared a quarterly dividend on Tuesday, October 28th. Stockholders of record on Monday, November 17th will be paid a dividend of 0.40 per share by the transportation company on Wednesday, November 26th. This represents a c) annualized dividend and a dividend yield of 1.2%. The ex-dividend date of this dividend is Monday, November 17th. This is a 60.0% increase from Willis Lease Finance’s previous quarterly dividend of $0.25.

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

Willis Lease Finance Stock Performance

WLFC stock traded up $1.80 during trading on Friday, reaching $130.68. 93,248 shares of the company’s stock were exchanged, compared to its average volume of 71,200. The company has a quick ratio of 5.55, a current ratio of 5.98 and a debt-to-equity ratio of 4.53. Willis Lease Finance has a 1-year low of $115.21 and a 1-year high of $229.67. The company’s fifty day moving average price is $135.03 and its 200-day moving average price is $140.48. The firm has a market cap of $890.45 million, a PE ratio of 7.77 and a beta of 1.10.

Willis Lease Finance (NASDAQ:WLFC) last issued its quarterly earnings results on Tuesday, November 4th. The transportation company reported $3.25 EPS for the quarter, missing analysts’ consensus estimates of $3.34 by ($0.09). The business had revenue of $154.40 million for the quarter, compared to analyst estimates of $156.00 million. Willis Lease Finance had a net margin of 18.77% and a return on equity of 21.75%.

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.