CIT Declares Dividends

|PR Newswire|About: CIT

NEW YORK, Oct. 16, 2017 /PRNewswire/ -- CIT Group Inc (CIT). (NYSE: CIT) today announced that its board of directors has declared a quarterly cash dividend of $0.16 per common share on its outstanding common stock. The common stock dividend is payable on Nov. 24, 2017 to common shareholders of record as of Nov. 10, 2017.

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The CIT Board also declared the semi-annual dividend on the Series A preferred stock of $30.29 per share payable on Dec. 15, 2017 to preferred stockholders of record as of Nov. 30, 2017.

About CIT 
Founded in 1908, CIT (NYSE: CIT) is a financial holding company with more than $50 billion in assets as of June 30, 2017. Its principal bank subsidiary, CIT Bank, N.A., (Member FDIC, Equal Housing Lender) has more than $30 billion of deposits and more than $40 billion of assets. CIT provides financing, leasing, and advisory services principally to middle-market companies and small businesses across a wide variety of industries. It also offers products and services to consumers through its Internet bank franchise and a network of retail branches in Southern California, operating as OneWest Bank, a division of CIT Bank, N.A. For more information visit cit.com.

Contacts




CIT MEDIA RELATIONS:   

CIT INVESTOR RELATIONS:

Gina Proia   

Barbara Callahan

212-771-6008 

973-740-5058

Gina.Proia@cit.com   

Barbara.Callahan@cit.com 

 

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SOURCE CIT Group Inc.