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

Willis Lease Finance Corporation (NASDAQ:WLFCGet Free Report) declared a quarterly dividend on Thursday, July 30th. Stockholders 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) annualized dividend and a dividend yield of 0.7%. The ex-dividend date of this dividend is Tuesday, August 11th.

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

Willis Lease Finance Stock Up 4.8%

Shares of NASDAQ WLFC traded up $3.30 during midday trading on Thursday, reaching $72.52. The company’s stock had a trading volume of 355,314 shares, compared to its average volume of 280,288. The stock has a 50 day simple moving average of $69.72 and a 200-day simple moving average of $65.32. The company has a current ratio of 2.43, a quick ratio of 2.00 and a debt-to-equity ratio of 3.25. The stock has a market capitalization of $1.53 billion, a price-to-earnings 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.

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

Analysts Set New Price Targets

A number of equities analysts have recently commented on WLFC shares. Freedom Capital downgraded shares of Willis Lease Finance from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, May 6th. Weiss Ratings upgraded Willis Lease Finance from a “hold (c+)” rating to a “buy (b-)” rating in a report on Tuesday. One research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy”.

Get Our Latest Stock Report on WLFC

Willis Lease Finance Company Profile

(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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