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Willis Lease Finance Corp (WLFC) |
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WLFC's Dividend Pay out ratio over the 12 Months Period
Cumulative by Quarter, Trailing twelve months
Willis Lease Finance Corp 12 Months dividend pay out ratio, in the third quarter 2024, sequentially increased to 7.46% in the third quarter 2024, yet the ratio remained below the average.
Within Capital Goods sector 81 other companies have achieved higher 12 Months dividend pay out ratio. While Cumulative dividend pay out ratio ranking remained unchanged in the Third Quarter 2024 compared to previous quarter at no. 1098.
Dividend in Glossary
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| Cumulative Dividend Pay out Ratio |
III. Quarter
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| WLFC's Dividend Pay out Ratio Total
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# 1098 |
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News about Willis Lease Finance Corp Dividends |
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Willis Lease Finance Corporation Reports Impressive Third Quarter Performance and Strong Credit Position amid Aviation Sector GrowthCoconut Creek, FL, Nov. 5, 2024 ?? Willis Lease Finance Corporation has announced robust financial results for the third quarter of 2024, highlighting a pre-tax income of $34.5 million. This figure represents a remarkable increase of 69% compared to the same quarter in the previous year. Following this impressive financial performance, the Board of Directors has declared a recurring quarterly dividend of $0.25 per share of common stock. Correction on Financial MetricsIn a related press release, it was acknowledged that the reported figure of $48.5 million in short-term maintenance revenues was mistakenly indicated as the cumulative amount for the first three quarters of 2024. In fact, this amount was earned solely during the third quarter, underscoring the company?s strong operational performance during this period. Strategic Financial PositioningOn November 4, 2024, just ahead of its quarterly results announcement, Willis Lease made headlines by securing a substantial $1 billion credit facility. This strategic move positions the company for sustained growth, enhancing liquidity and providing funding for future expansion initiatives in the increasingly vibrant aviation sector.
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Willis Lease Finance Corporation Reports Strong Quarter, Reflecting Growth Amid Aviation SurgeWillis Lease Finance Corporation (NASDAQ: WLFC), a prominent player in the aviation finance sector, has reported robust results for the third quarter of 2024, showcasing a remarkable pre-tax income of $34.5 million. This achievement signifies a substantial 69% increase compared to the same quarter in 2023. The Company?s total revenues for the quarter reached $146.2 million, indicating a growing demand for leasing and maintenance services in a recovering aviation market.The core lease rent and maintenance reserve revenues made up a significant portion of these results, totaling $114.7 million, which represents an impressive 26% rise from $91.3 million for the same period last year. This growth highlights the company?s strategic positioning as airlines increasingly turn to leasing, parts, and maintenance services to mitigate the costs associated with lengthy engine shop visits. In addition to the strong financial performance, the Board of Directors declared a recurring quarterly dividend of $0.25 per share of common stock, affirming their commitment to returning value to shareholders. The dividend is set to be paid on November 21, 2024, with a record holder date of November 12, 2024.
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In a bold move to reward its loyal shareholders, Willis Lease Finance Corporation (NASDAQ: WLFC) has recently announced a one-time special dividend of $1.00 per share on WLFC's common stock. As a leading lessor of commercial aircraft engines and a global provider of aviation services, the company's decision to distribute this dividend highlights their continued dedication to driving growth, enhancing shareholder value, and solidifying their position in the market.
The Special Dividend
The declaration of this special dividend comes as a testament to Willis Lease Finance Corporation's confidence in its financial strength and future prospects. Payable to shareholders of record as of May 30, 2024, and expected to be paid on June 7, 2024, shareholders will receive an additional return on their investment in the form of this cash dividend.
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| Dividend Pay out Ratio Statistics |
| High |
Average |
Low |
| 8.45 % |
8.37 % |
8.29 % |
| (Sep 30 2024) |
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(Jun 30 2024) |
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