FLY Leasing Keeps Dividend Steady
Jul 15th 2013 12:40PM
Updated Jul 15th 2013 12:42PM
Aircraft-leasing specialist FLY Leasing announced today its second-quarter dividend of $0.22 per share, the same rate it's paid for the past four quarters after raising the payout 20%, from $0.20 per share.
The board of directors said the quarterly dividend is payable on Aug. 20 to the holders of record at the close of business on July 31. The aircraft lessor has made quarterly payouts to investors since 2008.
The regular dividend payment equates to a $0.88-per-share annual dividend, yielding 6.3% based on the closing price of FLY Leasing's stock on July 12.
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