CIT Declares Quarterly Dividend

Increases Dividend by 50% Over Previous Quarterly Cash Dividend

NEW YORK--()--CIT Group Inc. (NYSE: CIT), a leading provider of commercial lending, leasing and advisory services, today announced that its Board of Directors has declared a quarterly cash dividend of $0.15 per common share on its outstanding common stock – an increase of 50% from its prior quarterly cash dividend. The common stock dividend is payable on August 29, 2014 to common shareholders of record as of August 15, 2014.

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About CIT

Founded in 1908, CIT (NYSE: CIT) is a financial holding company with more than $35 billion in financing and leasing assets. It provides financing, leasing and advisory services to its clients and their customers across more than 30 industries. CIT maintains leadership positions in middle market lending, factoring, retail and equipment finance, as well as aerospace, equipment and rail leasing. CIT’s U.S. bank subsidiary CIT Bank (Member FDIC), BankOnCIT.com, offers a variety of savings options designed to help customers achieve their financial goals. cit.com

Contacts

CIT MEDIA RELATIONS:
C. Curtis Ritter, 973-740-5390
Senior Vice President of Corporate Communications
Curt.Ritter@cit.com
or
Matt Klein, 973-597-2020
Vice President, Media Relations
Matt.Klein@cit.com
or
CIT INVESTOR RELATIONS:
Barbara Callahan, 973-740-5058
Senior Vice President
Barbara.Callahan@cit.com

Release Summary

CIT declared a quarterly cash dividend of $0.15 per common share on its outstanding common stock. The common stock dividend is payable on 8-29-14 to common shareholders of record as of 8-15-14.

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Contacts

CIT MEDIA RELATIONS:
C. Curtis Ritter, 973-740-5390
Senior Vice President of Corporate Communications
Curt.Ritter@cit.com
or
Matt Klein, 973-597-2020
Vice President, Media Relations
Matt.Klein@cit.com
or
CIT INVESTOR RELATIONS:
Barbara Callahan, 973-740-5058
Senior Vice President
Barbara.Callahan@cit.com