Willis Lease Finance Corporation (NASDAQ:WLFC – Get 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.
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.
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