FLY Leasing Increases Quarterly Dividend by 13% to $0.25 Per Share
DUBLIN, Jan. 9, 2014 /PRNewswire/ -- FLY Leasing Limited (NYSE: FLY) ("FLY"), a leading global lessor of modern commercial jet aircraft, today announced 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, 2014 to shareholders of record on January 31, 2014.
"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.
FLY acquires and leases modern, high-demand and fuel-efficient commercial jet aircraft under multi-year operating lease contracts to a diverse group of airlines throughout the world. FLY is managed and serviced by BBAM LP, one of the world's leading aircraft lease managers with more than 20 years of experience. For more information about FLY, please visit our website at www.flyleasing.com.
Cautionary Statement Regarding Forward-Looking Statements
This press release contains certain "forward - looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by words such as "expects," "intends," "anticipates," "plans," "believes," "seeks," "estimates," "will," or words of similar meaning and include, but are not limited to, statements regarding the outlook for FLY's future business and financial performance. Forward-looking statements are based on management's current expectations and assumptions, which are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict. Actual outcomes and results may differ materially due to global political, economic, business, competitive, market, regulatory and other factors and risks. FLY expressly disclaims any obligation to update or revise any of these forward-looking statements, whether because of future events, new information, a change in its views or expectations, or otherwise.
FLY Leasing Limited
SOURCE FLY Leasing Limited