Willis Lease Finance Co. (WLFC) to Issue Quarterly Dividend of $0.25 on February 21st

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

NASDAQ:WLFC opened at $199.79 on Monday. The stock has a market capitalization of $1.32 billion, a P/E ratio of 14.16 and a beta of 1.10. Willis Lease Finance has a 1 year low of $46.70 and a 1 year high of $235.43. The firm has a 50 day moving average of $204.19 and a 200-day moving average of $166.74. The company has a current ratio of 1.16, a quick ratio of 0.76 and a debt-to-equity ratio of 3.84.

Insider Activity

In other Willis Lease Finance news, Director Rae Ann Mckeating sold 500 shares of Willis Lease Finance stock in a transaction on Monday, November 18th. The shares were 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 owns 16,500 shares of the company’s stock, valued at approximately $3,206,280. The trade was a 2.94 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Scott B. Flaherty sold 5,000 shares of the stock in a transaction on 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 approximately $15,005,241.45. This trade represents a 6.25 % decrease in their position. The disclosure for this sale can be found here. Insiders own 57.02% of the company’s stock.

Analyst Ratings Changes

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.