Willis Lease Finance Corporation declared a $0.25 quarterly dividend, payable February 21, reflecting confidence in its business model.
Quiver AI Summary
Willis Lease Finance Corporation (WLFC) announced a quarterly dividend of $0.25 per share, which will be paid on February 21, 2025, to stockholders recorded by February 12, 2025. This marks the company's third consecutive quarterly dividend since June 2024, highlighting its strong business model, according to CEO Austin C. Willis. WLFC specializes in leasing commercial aircraft engines and aircraft, and offers various services including engine maintenance and airport operations through its subsidiaries. The press release includes forward-looking statements about the company's future, which are subject to risks and uncertainties that could affect actual results. For more information, stakeholders are encouraged to refer to the company's filings with the Securities and Exchange Commission.
Potential Positives
- The declaration of a quarterly dividend of $0.25 per share indicates financial stability and a return of value to shareholders.
- This marks the third consecutive quarterly dividend, reflecting a consistent dividend policy that may enhance investor confidence in the company's financial health.
- The announcement highlights the company's robust business model, reinforcing its operational and financial strengths in the aircraft leasing industry.
Potential Negatives
- The declaration of a quarterly dividend may indicate that the company is prioritizing short-term shareholder returns over long-term reinvestment in its operations or innovation.
- The press release includes a lengthy disclaimer regarding forward-looking statements, highlighting significant risks and uncertainties that could adversely affect the company's performance and financial outcomes.
- The need to emphasize caution regarding forward-looking statements may signal underlying volatility or instability within the company or industry, creating concerns for investors.
FAQ
What is the latest quarterly dividend declared by WLFC?
Willis Lease Finance Corporation declared a quarterly dividend of $0.25 per share on outstanding shares of common stock.
When will the WLFC dividend be paid?
The dividend is expected to be paid on February 21, 2025, to stockholders of record on February 12, 2025.
How many consecutive dividends has WLFC declared?
This is WLFC's third consecutive regular quarterly dividend since June of 2024.
What services does Willis Lease Finance Corporation provide?
WLFC leases commercial aircraft engines and offers maintenance, repair, and asset management services in the aviation industry.
Who is the CEO of Willis Lease Finance Corporation?
Austin C. Willis is the Chief Executive Officer of Willis Lease Finance Corporation.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$WLFC Insider Trading Activity
$WLFC insiders have traded $WLFC stock on the open market 86 times in the past 6 months. Of those trades, 0 have been purchases and 86 have been sales.
Here’s a breakdown of recent trading of $WLFC stock by insiders over the last 6 months:
- CHARLES F IV WILLIS (Executive Chairman) has made 0 purchases and 49 sales selling 90,700 shares for an estimated $14,552,115.
- BRIAN RICHARD HOLE (PRESIDENT) has made 0 purchases and 4 sales selling 24,312 shares for an estimated $4,521,905.
- SCOTT B. FLAHERTY (EVP, CFO) has made 0 purchases and 4 sales selling 20,000 shares for an estimated $3,587,869.
- ROBERT J. KEADY has made 0 purchases and 20 sales selling 25,114 shares for an estimated $2,491,795.
- AUSTIN CHANDLER WILLIS (Chief Executive Officer) has made 0 purchases and 6 sales selling 3,450 shares for an estimated $691,103.
- RAE ANN MCKEATING has made 0 purchases and 3 sales selling 1,000 shares for an estimated $170,277.
To track insider transactions, check out Quiver Quantitative's insider trading dashboard.
$WLFC Hedge Fund Activity
We have seen 47 institutional investors add shares of $WLFC stock to their portfolio, and 32 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- M3F, INC. removed 52,500 shares (-8.4%) from their portfolio in Q3 2024, for an estimated $7,812,525
- PEKIN HARDY STRAUSS, INC. added 29,791 shares (+inf%) to their portfolio in Q3 2024, for an estimated $4,433,198
- AMERICAN CENTURY COMPANIES INC added 24,157 shares (+inf%) to their portfolio in Q3 2024, for an estimated $3,594,803
- PHASE 2 PARTNERS, LLC removed 17,965 shares (-25.5%) from their portfolio in Q3 2024, for an estimated $2,673,371
- ARROWSTREET CAPITAL, LIMITED PARTNERSHIP added 16,206 shares (+inf%) to their portfolio in Q3 2024, for an estimated $2,411,614
- CHARLES SCHWAB INVESTMENT MANAGEMENT INC added 14,590 shares (+173.7%) to their portfolio in Q3 2024, for an estimated $2,171,137
- FIRST TRUST ADVISORS LP added 9,929 shares (+inf%) to their portfolio in Q3 2024, for an estimated $1,477,534
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
Full Release
COCONUT CREEK, Fla., Jan. 24, 2025 (GLOBE NEWSWIRE) -- Willis Lease Finance Corporation (NASDAQ: WLFC) (“WLFC” or the “Company”) declared a quarterly dividend of $0.25 per share on outstanding shares of WLFC common stock. The dividend is expected to be paid on February 21, 2025 to stockholders of record at the close of business on February 12, 2025.
“This is our third consecutive regular quarterly dividend since June of 2024," said Austin C. Willis, Chief Executive Officer of WLFC. "We believe that our dividend policy speaks to the overall strength of our business model."
Willis Lease Finance Corporation
WLFC leases large and regional spare commercial aircraft engines, auxiliary power units and aircraft to airlines, aircraft engine manufacturers and maintenance, repair, and overhaul providers worldwide. These leasing activities are integrated with engine and aircraft trading, engine lease pools and asset management services through Willis Asset Management Limited, as well as various end-of-life solutions for engines and aviation materials provided through Willis Aeronautical Services, Inc. Through Willis Engine Repair Center®, Jet Centre by Willis, and Willis Aviation Services Limited, the Company’s service offerings include Part 145 engine maintenance, aircraft line and base maintenance, aircraft disassembly, parking and storage, airport FBO and ground and cargo handling services.
Except for historical information, the matters discussed in this press release contain forward-looking statements that involve risks and uncertainties. Do not unduly rely on forward-looking statements, which give only expectations about the future and are not guarantees. By their nature, forward-looking statements involve a number of inherent risks, uncertainties and assumptions and are subject to change in circumstances that are difficult to predict and many of which are outside of our control. These risks, uncertainties and assumptions could adversely affect the outcome and financial effects of the plans and events described herein. Forward-looking statements speak only as of the date they are made, and we undertake no obligation to update them to reflect any change in the Company’s expectations or any change in events, conditions or circumstances on which the forward-looking statement is based, except as required by law. Our actual results may differ materially from the results discussed, either expressly or implicitly, in forward-looking statements. Factors that might cause such a difference include, but are not limited to: the effects on the airline industry and the global economy of events such as war, terrorist activity and natural disasters; changes in oil prices, rising inflation and other disruptions to world markets; trends in the airline industry and our ability to capitalize on those trends, including growth rates of markets and other economic factors; risks associated with owning and leasing jet engines and aircraft; our ability to successfully negotiate equipment purchases, sales and leases, to collect outstanding amounts due and to control costs and expenses; changes in interest rates and availability of capital, both to us and our customers; our ability to continue to meet changing customer demands; regulatory changes affecting airline operations, aircraft maintenance, accounting standards and taxes; the market value of engines and other assets in our portfolio; and risks detailed in the Company’s Annual Report on Form 10-K and other continuing and current reports filed with the Securities and Exchange Commission. It is advisable, however, to consult any further disclosures the Company makes on related subjects in such filings. These statements constitute the Company’s cautionary statements under the Private Securities Litigation Reform Act of 1995.
CONTACT: | Scott B. Flaherty |
Executive Vice President & Chief Financial Officer | |
[email protected] | |
561.413.0112 | |