FLY Leasing Boosts Quarterly Dividend 13%

(RTTNews) - FLY Leasing Ltd. (FLY) said Thursday that it has declared a quarterly cash dividend of $0.25 per common share for the fourth quarter of 2013, an increase of 13% from the prior quarter.

The dividend will be paid on February 20 to shareholders of record on January 31.

"FLY achieved strong growth in 2013, adding 14 aircraft to its fleet, which has increased our earnings per share and provided us with the ability to raise our quarterly dividend and return further value to our shareholders," said Colm Barrington, CEO of FLY.

FLY has declared 25 consecutive quarterly cash dividends since it went public on the NYSE in 2007.