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CIT Intends to Increase Quarterly Common Stock Dividend to $0.15 Per Share
Wednesday, June 25, 2014 07:00 AM

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.

EDITOR’S NOTE:

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About CIT

Founded in 1908, CIT (NYSE: CIT) is a financial holding company with approximately $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 lendingfactoringretail and equipment finance, as well as aerospaceequipment 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

billion of deposits and more than $18 billion of assets. cit.com/CITBank

Contact:

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