NYSE:CIT

CIT Group Dividend Yield, History & Payout Ratio

$48.91
+0.19 (+0.39 %)
(As of 07/29/2021 03:01 PM ET)
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Today's Range
$48.38
$49.14
50-Day Range
$45.67
$54.94
52-Week Range
$15.65
$55.89
Volume17,699 shs
Average Volume893,822 shs
Market Capitalization$4.85 billion
P/E Ratio17.16
Dividend Yield2.90%
Beta1.56

CIT Group (NYSE:CIT) Dividend Information

CIT Group pays an annual dividend of $1.40 per share, with a dividend yield of 2.86%. CIT's next quarterly dividend payment will be made to shareholders of record on Friday, August 13. The company has grown its dividend for the last 1 consecutive years and is increasing its dividend by an average of 31.91% each year. CIT Group pays out -200.00% of its earnings out as a dividend.
CIT Dividend Date8/13/2021
CIT Annual Dividend$1.40
CIT Dividend Yield2.86%
CIT Three Year Dividend Growth129.51%
CIT Payout RatioN/A (Trailing 12 Months of Earnings)
33.57% (Based on This Year's Estimates)
29.98% (Based on Next Year's Estimates)
16.69% (Based on Cash Flow)
CIT Dividend Track Record1 Years of Consecutive Dividend Growth
CIT Dividend FrequencyQuarterly Dividend
CIT Most Recent Increase$0.10 increase on 4/17/2019

Dividend Payments by Month (or Quarter)


CIT Group (NYSE:CIT) Dividend History by Quarter

AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
7/19/2021quarterly$0.353.06%7/29/20217/30/20218/13/2021
4/21/2021quarterly$0.352.72%5/6/20215/7/20215/21/2021
1/22/2021quarterly$0.353.52%2/4/20212/5/20212/19/2021
10/15/2020quarterly$0.357.32%11/5/202011/6/202011/20/2020
7/17/2020quarterly$0.357.02%8/6/20208/7/20208/21/2020
4/16/2020quarterly$0.357.43%5/7/20205/8/20205/22/2020
1/22/2020quarterly$0.353.09%2/6/20202/7/20202/21/2020
10/17/2019quarterly$0.353.15%11/7/201911/8/201911/22/2019
7/19/2019quarterly$0.352.79%8/8/20198/9/20198/23/2019
4/17/2019quarterly$0.352.74%5/9/20195/10/20195/24/2019
1/23/2019quarterly$0.252.3%2/7/20192/8/20192/22/2019
10/16/2018quarterly$0.252.05%11/9/201811/13/201811/27/2018
7/17/2018quarterly$0.251.91%8/9/20188/10/20188/24/2018
4/16/2018quarterly$0.161.22%5/10/20185/11/20185/25/2018
1/22/2018quarterly$0.161.24%2/8/20182/9/20182/23/2018
10/16/2017quarterly$0.161.31%11/9/201711/10/201711/24/2017
7/17/2017quarterly$0.151.22%8/9/20178/11/20178/25/2017
6/6/2017Quarterly$0.17506/14/20176/16/20176/30/2017
4/18/2017quarterly$0.151.4%5/10/20175/12/20175/26/2017
1/18/2017quarterly$0.151.43%2/8/20172/10/20172/24/2017
10/18/2016quarterly$0.151.65%11/8/201611/11/201611/25/2016
7/19/2016quarterly$0.151.72%8/10/20168/12/20168/26/2016
4/19/2016quarterly$0.151.76%5/11/20165/13/20165/27/2016
1/20/2016quarterly$0.151.94%2/10/20162/12/20162/26/2016
10/21/2015quarterly$0.151.3%11/10/201511/13/201511/30/2015
7/21/2015quarterly$0.151.24%8/12/20158/14/20158/28/2015
4/21/2015quarterly$0.151.25%5/13/20155/15/20155/29/2015
1/21/2015quarterly$0.151.33%2/11/20152/13/20152/27/2015
10/15/2014quarterly$0.151.34%11/7/201411/12/201411/26/2014
7/15/2014quarterly$0.151.36%8/13/20148/15/20148/29/2014
4/17/2014quarterly$0.100.86%5/13/20145/15/20145/30/2014
1/21/2014quarterly$0.100.8%2/12/20142/14/20142/28/2014
10/21/2013quarterly$0.100.82%11/13/201311/15/201311/29/2013
(Data available from 1/1/2013 forward)
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CIT Group (NYSE:CIT) Dividend Frequently Asked Questions

What is CIT Group's dividend yield?

The current dividend yield for CIT Group (NYSE:CIT) is 2.86%. Learn more on CIT's dividend yield history

How much is CIT Group's annual dividend?

The annual dividend for CIT Group (NYSE:CIT) is $1.40. Learn more on CIT's dividend details

How often does CIT Group pay dividends?

CIT Group (NYSE:CIT) pays quarterly dividends to shareholders.

When is CIT Group's next dividend payment?

CIT Group's next quarterly dividend payment of $0.35 per share will be made to shareholders on Friday, August 13, 2021.

When was CIT Group's most recent dividend payment?

CIT Group's most recent quarterly dividend payment of $0.35 per share was made to shareholders on Friday, May 21, 2021.

Is CIT Group's dividend growing?

Over the past three years, CIT Group's dividend has grown by 129.51%.

What track record does CIT Group have of raising its dividend?

CIT Group (NYSE:CIT) has increased its dividend for 1 year.

When did CIT Group last increase or decrease its dividend?

The most recent change in CIT Group's dividend was an increase of $0.10 on Wednesday, April 17, 2019.

What is CIT Group's dividend payout ratio?

The dividend payout ratio for CIT is:
  • 33.57% based on this year's estimates
  • 29.98% based on next year's estimates
  • 16.66% based on cash flow
This page was last updated on 7/29/2021 by MarketBeat.com Staff
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