Willis Lease Finance Corporation to Issue Quarterly Dividend of $0.40 (NASDAQ:WLFC)

Willis Lease Finance Corporation (NASDAQ:WLFC) declared a quarterly dividend on Wednesday, April 29th. Investors of record on Monday, May 11th will be paid a dividend of 0.40 per share by the transportation company on Friday, May 22nd. This represents a c) annualized dividend and a yield of 0.7%. The ex-dividend date is Monday, May 11th.

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

Willis Lease Finance Stock Down 1.2%

Shares of WLFC stock opened at $222.72 on Friday. Willis Lease Finance has a 1-year low of $114.01 and a 1-year high of $239.44. The stock’s fifty day moving average price is $188.27 and its 200 day moving average price is $163.76. The company has a debt-to-equity ratio of 3.25, a current ratio of 2.43 and a quick ratio of 3.52. The company has a market cap of $1.57 billion, a price-to-earnings ratio of 13.53 and a beta of 0.81.

Willis Lease Finance (NASDAQ:WLFC) last announced its earnings results on Tuesday, May 5th. The transportation company reported $4.03 earnings per share for the quarter, topping the consensus estimate of $3.02 by $1.01. Willis Lease Finance had a return on equity of 19.22% and a net margin of 15.72%.The firm had revenue of $194.35 million for the quarter, compared to the consensus estimate of $175.00 million.

Wall Street Analysts Forecast Growth

WLFC has been the subject of a number of research reports. Freedom Capital cut Willis Lease Finance from a “strong-buy” rating to a “hold” rating in a research report on Wednesday. Weiss Ratings raised Willis Lease Finance from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday. One equities research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy”.

Willis Lease Finance Company Profile

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.