Reminder - Fly Leasing (FLY) Goes Ex-Dividend Soon

Looking at the universe of stocks we cover at Dividend Channel, on 10/28/13, Fly Leasing Ltd. (FLY) will trade ex-dividend, for its quarterly dividend of $0.22, payable on 11/19/13. As a percentage of FLY's recent stock price of $14.49, this dividend works out to approximately 1.52%, so look for shares of Fly Leasing Ltd. to trade 1.52% lower — all else being equal — when FLY shares open for trading on 10/28/13.

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Below is a dividend history chart for FLY, showing historical dividends prior to the most recent $0.22 declared by Fly Leasing Ltd.:

FLY+Dividend+History+Chart

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 6.07% 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:

Fly Leasing Ltd. 200 Day Moving Average Chart

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 $14.49.

In Thursday trading, Fly Leasing Ltd. shares are currently down about 0.2% on the day.

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