Willis Lease Finance Co. (NASDAQ:WLFC) Declares $0.25 Quarterly Dividend

Willis Lease Finance Co. (NASDAQ:WLFC) declared a quarterly dividend on Wednesday, January 22nd,Wall Street Journal reports. Shareholders of record on Wednesday, February 12th will be paid a dividend of 0.25 per share by the transportation company on Friday, February 21st. This represents a $1.00 annualized dividend and a yield of 0.50%. The ex-dividend date of this dividend is Wednesday, February 12th.

Willis Lease Finance has a dividend payout ratio of 5.8% meaning its dividend is sufficiently covered by earnings.

Willis Lease Finance Price Performance

Shares of NASDAQ:WLFC opened at $199.79 on Monday. The firm has a market cap of $1.32 billion, a PE ratio of 14.16 and a beta of 1.10. Willis Lease Finance has a 52 week low of $46.70 and a 52 week high of $235.43. The firm’s fifty day moving average is $204.19 and its 200-day moving average is $166.74. The company has a debt-to-equity ratio of 3.84, a quick ratio of 0.76 and a current ratio of 1.16.

Insider Buying and Selling at Willis Lease Finance

In other Willis Lease Finance news, Director Rae Ann Mckeating sold 500 shares of the stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $194.32, for a total transaction of $97,160.00. Following the completion of the sale, the director now directly owns 16,500 shares in the company, valued at approximately $3,206,280. This trade represents a 2.94 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Scott B. Flaherty sold 5,000 shares of the business’s stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $200.19, for a total value of $1,000,950.00. Following the completion of the transaction, the chief financial officer now directly owns 74,955 shares in the company, valued at $15,005,241.45. This represents a 6.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 57.02% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered Willis Lease Finance from a “buy” rating to a “hold” rating in a research report on Wednesday, November 6th.

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.