Willis Lease Finance Corporation (WLFC) to Issue Quarterly Dividend of $0.40 on November 26th

Willis Lease Finance Corporation (NASDAQ:WLFC) declared a quarterly dividend on Tuesday, October 28th. Investors 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) dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date 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% meaning its dividend is sufficiently covered by earnings.

Willis Lease Finance Trading Up 1.4%

Shares of NASDAQ WLFC traded up $1.80 during trading hours on Friday, hitting $130.68. 93,248 shares of the company traded hands, compared to its average volume of 71,200. The stock has a market capitalization of $890.45 million, a price-to-earnings ratio of 7.77 and a beta of 1.10. The company’s 50 day moving average price is $135.03 and its 200 day moving average price is $140.48. Willis Lease Finance has a 12 month low of $115.21 and a 12 month high of $229.67. The company has a current ratio of 5.98, a quick ratio of 5.55 and a debt-to-equity ratio of 4.53.

Willis Lease Finance (NASDAQ:WLFC) last released its 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 the consensus estimate of $156.00 million. Willis Lease Finance had a net margin of 18.77% and a return on equity of 21.75%.

Analyst Ratings Changes

Separately, Weiss Ratings downgraded shares of Willis Lease Finance from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, October 24th. One research analyst has rated the stock with a Hold rating, According to MarketBeat, the company presently has a consensus rating of “Hold”.

Willis Lease Finance Company Profile

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.