CIT Declares Dividends

Rhea-AI Summary

CIT Group Inc. (NYSE: CIT) has declared a quarterly cash dividend of $0.35 per common share, payable on August 13, 2021, to shareholders on record as of July 30, 2021. Additionally, a dividend of $0.3515625 per share for Series B preferred stock has been announced, payable on September 15, 2021, to record shareholders by August 31, 2021. This highlights CIT's commitment to returning value to its shareholders amidst its focus on empowering businesses and savers.

Positive

• Declared a quarterly cash dividend of $0.35 per common share, indicating a commitment to returning value to shareholders.
• The Series B preferred stock will also receive a dividend of $0.3515625, enhancing income for those shareholders.

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• None.

NEW YORK, July 19, 2021 /PRNewswire/ -- CIT Group Inc. (NYSE: CIT) today announced that its board of directors has declared a quarterly cash dividend of $0.35 per common share on its outstanding common stock. The common stock dividend is payable on Aug. 13, 2021 to common shareholders of record as of July 30, 2021.

In addition, the CIT board of directors declared a quarterly cash dividend on the Series B preferred stock of $0.3515625 per share payable Sept. 15, 2021 to Series B preferred shareholders of record as of Aug. 31, 2021.

About CIT
CIT is a leading national bank focused on empowering businesses and personal savers with the financial agility to navigate their goals. CIT Group Inc. (NYSE: CIT) is a financial holding company with over a century of experience and operates a principal bank subsidiary, CIT Bank, N.A. (Member FDIC, Equal Housing Lender). The company's commercial banking segment includes commercial financing, community association banking, middle market banking, equipment and vendor financing, factoring, railcar financing, treasury and payments services, and capital markets and asset management. CIT's consumer banking segment includes a national direct bank and regional branch network. Discover more at cit.com/about.

MEDIA RELATIONS: 
Gina Proia
212-771-6008
Gina.Proia@cit.com

INVESTOR RELATIONS:
Barbara Callahan 
973-740-5058 
Barbara.Callahan@cit.com 

 

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SOURCE CIT Group Inc.

FAQ

What is the dividend amount declared by CIT Group for common shares?

CIT Group declared a quarterly cash dividend of $0.35 per common share.

When is the common stock dividend payable for CIT Group?

The common stock dividend is payable on August 13, 2021.

What is the dividend payment date for CIT Group's Series B preferred stock?

The Series B preferred stock dividend is payable on September 15, 2021.

When is the record date for the common stock dividend of CIT Group?

The record date for the common stock dividend is July 30, 2021.

What is the record date for CIT Group's Series B preferred stock dividend?

The record date for the Series B preferred stock dividend is August 31, 2021.