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.
The article FLY Leasing Keeps Dividend Steady originally appeared on Fool.com.Fool contributor Rich Duprey has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.