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 paid a dividend of 0.25 per share by the transportation company on Friday, February 21st. This represents a $1.00 dividend on an annualized basis and a dividend 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 Stock Down 0.9 %

WLFC stock opened at $199.79 on Monday. The business’s fifty day moving average price is $204.19 and its two-hundred day moving average price is $166.74. The stock has a market capitalization of $1.32 billion, a price-to-earnings ratio of 14.16 and a beta of 1.10. Willis Lease Finance has a fifty-two week low of $46.70 and a fifty-two week high of $235.43. The company has a debt-to-equity ratio of 3.84, a current ratio of 1.16 and a quick ratio of 0.76.

Insider Buying and Selling

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

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded shares of Willis Lease Finance from a “buy” rating to a “hold” rating in a 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.