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    CIT Declares Quarterly Dividend
    Board approves common stock repurchase plan
    Monday, July 17, 2017 04:32 PM

    NEW YORK, July 17, 2017 /PRNewswire/ -- CIT Group Inc. (NYSE: CIT) today announced that its board of directors has declared a quarterly cash dividend of $0.15 per common share on its outstanding common stock. The common stock dividend is payable on Aug. 25, 2017 to common shareholders of record as of Aug. 11, 2017.

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    The CIT Board also authorized the repurchase of up to $225 million of common stock, which includes $25 million related to employee stock ownership plans, through June 30, 2018. The authorization is consistent with CIT's 2017 capital plan, which received a non-objection from the Federal Reserve.

    About CIT 
    Founded in 1908, CIT (NYSE: CIT) is a financial holding company with $63 billion in assets as of March 31, 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.





    Gina Proia   

    Barbara Callahan








    SOURCE CIT Group Inc.

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