CIT Declares Dividends

Rhea-AI Summary

CIT Group Inc. (NYSE: CIT) has announced a quarterly cash dividend of $0.35 per common share, payable on May 21, 2021, to shareholders of record by May 7, 2021. Additionally, it declared a semi-annual cash dividend of $29.00 per share on Series A preferred stock, payable on June 15, 2021, and a quarterly cash dividend of $0.3515625 per share on Series B preferred stock, also payable on June 15, 2021. These dividend announcements reflect CIT's commitment to returning value to shareholders.

Positive

• Quarterly cash dividend of $0.35 per common share reflects strong financial health.
• Semi-annual cash dividend of $29.00 on Series A preferred stock and $0.3515625 on Series B preferred stock demonstrate company confidence.

Negative

• None.

NEW YORK, April 21, 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 May 21, 2021 to common shareholders of record as of May 7, 2021.

The CIT board of directors also declared a semi-annual cash dividend on the Series A preferred stock of $29.00 per share payable on June 15, 2021 to Series A preferred shareholders of record as of May 28, 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 June 15, 2021 to Series B preferred shareholders of record as of May 28, 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 Inc.?

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

When is the dividend payable for CIT's common stock?

The dividend on common stock is payable on May 21, 2021, to shareholders of record by May 7, 2021.

What is the payment date for Series A preferred stock dividends?

The Series A preferred stock dividend of $29.00 per share is payable on June 15, 2021.

What is the dividend amount for Series B preferred stock?

Series B preferred stock will receive a dividend of $0.3515625 per share, payable on June 15, 2021.