Willis Lease Finance Corporation (NASDAQ:WLFC) Plans $0.13 Quarterly Dividend

Willis Lease Finance Corporation (NASDAQ:WLFCGet Free Report) declared a quarterly dividend on Thursday, July 30th. Shareholders of record on Tuesday, August 11th will be paid a dividend of 0.133 per share by the transportation company on Friday, August 21st. This represents a c) dividend on an annualized basis and a yield of 0.7%. The ex-dividend date is Tuesday, August 11th.

Willis Lease Finance has a dividend payout ratio of 3.6% indicating that its dividend is sufficiently covered by earnings.

Willis Lease Finance Trading Up 4.8%

WLFC traded up $3.30 during trading on Thursday, reaching $72.52. 355,314 shares of the company’s stock were exchanged, compared to its average volume of 280,288. The company’s fifty day moving average price is $69.72 and its 200-day moving average price is $65.32. The firm has a market capitalization of $1.53 billion, a PE ratio of 13.22 and a beta of 0.72. Willis Lease Finance has a fifty-two week low of $38.00 and a fifty-two week high of $81.54. The company has a debt-to-equity ratio of 3.25, a quick ratio of 2.00 and a current ratio of 2.43.

Willis Lease Finance (NASDAQ:WLFCGet Free Report) last posted its quarterly earnings results on Tuesday, May 5th. The transportation company reported $1.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.01 by $0.33. Willis Lease Finance had a return on equity of 19.22% and a net margin of 15.72%.The business had revenue of $194.35 million for the quarter, compared to analyst estimates of $175.00 million.

About Willis Lease Finance

(Get Free Report)

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.

Further Reading

Dividend History for Willis Lease Finance (NASDAQ:WLFC)

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