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 Feb. 19, 2021, to shareholders on record as of Feb. 5, 2021. Additionally, a cash dividend of $0.3515625 per share on Series B preferred stock will be paid on March 15, 2021, to shareholders of record as of Feb. 26, 2021. This decision reflects the company's ongoing commitment to returning value to its shareholders.

Positive

• Quarterly cash dividend of $0.35 per common share announced.
• Preference for strong shareholder returns with additional $0.3515625 dividend on Series B preferred stock.

Negative

• None.

NEW YORK, Jan. 22, 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 Feb. 19, 2021 to common shareholders of record as of Feb. 5, 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 March 15, 2021 to Series B preferred shareholders of record as of Feb. 26, 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 for CIT Group Inc.?

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

When will the CIT dividend be paid?

The dividend will be paid on Feb. 19, 2021.

What is the record date for the CIT dividend?

The record date for the common stock dividend is Feb. 5, 2021.

What dividend was declared on Series B preferred stock?

A dividend of $0.3515625 per share on Series B preferred stock was announced.

When is the Series B preferred stock dividend payment date?

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