CIT Intends to Increase Quarterly Common Stock Dividend to $0.15 Per Share
NEW YORK--(BUSINESS WIRE)--CIT Group Inc. (NYSE: CIT), a leading provider of commercial lending, leasing and advisory services, today announced that it intends to increase its quarterly common stock dividend to $0.15 per share beginning in the third quarter of 2014.
Dividends, including the third quarter dividend, will continue to be subject to the approval of CIT’s Board of Directors at the customary times those dividends are declared. CIT expects to pay its third quarter common stock dividend in August.
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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