Dublin, Ireland, FLY Leasing Limited (NYSE: FLY) (“FLY”), a lessor of commercial jet aircraft, today announced that it has declared a quarterly cash dividend of $0.22 per common share for the second quarter of 2012, an increase of 10% from the prior quarter.

The dividend will be paid on August 20, 2012 to shareholders of record on July 30, 2012.

Colm Barrington, FLY's chief executive officer said,“FLY has grown its fleet of modern aircraft substantially over the past year and significantly increased its EPS as a result, providing us with the ability to raise the dividend and return further value to our shareholders,” . 

FLY has declared 19 consecutive quarterly cash dividends since it went public on the NYSE in 2007.