Looking at the universe of stocks we cover at Dividend Channel, on 7/29/13, Fly Leasing Ltd. (FLY) will trade ex-dividend, for its quarterly dividend of $0.22, payable on 8/20/13. As a percentage of FLY's recent stock price of $14.53, this dividend works out to approximately 1.51%, so look for shares of Fly Leasing Ltd. to trade 1.51% lower — all else being equal — when FLY shares open for trading on 7/29/13.
Below is a dividend history chart for FLY, showing historical dividends prior to the most recent $0.22 declared by Fly Leasing Ltd.:
In general, dividends are not always predictable; but looking at the history above can help in judging whether the most recent dividend from FLY is likely to continue, and whether the current estimated yield of 6.06% on annualized basis is a reasonable expectation of annual yield going forward. The chart below shows the one year performance of FLY shares, versus its 200 day moving average:Looking at the chart above, FLY's low point in its 52 week range is $11.06 per share, with $17.37 as the 52 week high point — that compares with a last trade of $14.52.
In Thursday trading, Fly Leasing Ltd. shares are currently up about 0.3% on the day.