A High Dividend Stock Yielding 7%-Plus, Going Ex-Dividend This Week Vs. A Faster-Growing 4% Yielder

Been on a plane lately? Chances are it was fully booked. Good news for airlines, who, thanks to ongoing strong demand and consolidation, won't need to drop prices anytime soon. Couple this with the savings from cheaper oil, and you get continuing strong demand for passenger planes, which benefits aircraft leasing companies.Most of our recent articles have been covering non-Energy dividend stocks, as we search for steady income alternatives to that sector.A funny thing happened on the way to the runway -- we started out researching Fly Leasing, (NYSE: FLY), the highest yielding aircraft leasing stock in the group, (which we've owned for years), and also discovered another attractive stock in this sub-industry -- Aircastle Ltd, (NYSE: AYR), which has a lower yield, but better dividend growth.The other 3 stocks in this field are: Air Lease, (NYSE: AL), AerCap Holdings, (NYSE: AER), and newcomer Avolon Holdings, (NYSE: AVOL), which just went public in December 2014. AVOL and AER don't pay dividends, and AL yields under 1%.Profiles: FLY Leasing Limited, together with its subsidiaries, is engaged in purchasing and leasing commercial aircraft under multi-year contracts to various airlines worldwide.FLY Leasing is managed and serviced by BBAM, one of the world's leading aircraft leasing companies with more than 25 years of experience in aircraft leasing. BBAM acts as manager of FLY and servicer of the aircraft portfolio under multi-year management and servicing... Read more