Fly Leasing's (NYSE:FLY) dividend policy will neither soar nor dive with the company's next payout. The firm has declared its latest quarterly dividend, which is $0.22 per share of its common stock to be paid on May 20 to shareholders of record as of April 30. That amount matches Fly Leasing's three most recent quarterly payouts, the latest of which was dispensed in late January. Prior to that, the company handed out $0.20 per share.

It has paid 22 consecutive distributions since going public in 2007.

The new dividend annualizes to $0.88 per share. That yields 5.6% at Fly Leasing's current stock price of $15.78.