NYSE:CIT

CIT Group Dividend Yield, History & Payout Ratio

$48.91

+0.19 (+0.39 %)

(As of 07/29/2021 03:01 PM ET)

Add

Compare

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 Date	8/13/2021
CIT Annual Dividend	$1.40
CIT Dividend Yield	2.86%
CIT Three Year Dividend Growth	129.51%
CIT Payout Ratio	N/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 Record	1 Years of Consecutive Dividend Growth
CIT Dividend Frequency	Quarterly 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

Announced	Period	Amount	Yield	Ex-Dividend Date	Record Date	Payable Date
7/19/2021	quarterly	$0.35	3.06%	7/29/2021	7/30/2021	8/13/2021
4/21/2021	quarterly	$0.35	2.72%	5/6/2021	5/7/2021	5/21/2021
1/22/2021	quarterly	$0.35	3.52%	2/4/2021	2/5/2021	2/19/2021
10/15/2020	quarterly	$0.35	7.32%	11/5/2020	11/6/2020	11/20/2020
7/17/2020	quarterly	$0.35	7.02%	8/6/2020	8/7/2020	8/21/2020
4/16/2020	quarterly	$0.35	7.43%	5/7/2020	5/8/2020	5/22/2020
1/22/2020	quarterly	$0.35	3.09%	2/6/2020	2/7/2020	2/21/2020
10/17/2019	quarterly	$0.35	3.15%	11/7/2019	11/8/2019	11/22/2019
7/19/2019	quarterly	$0.35	2.79%	8/8/2019	8/9/2019	8/23/2019
4/17/2019	quarterly	$0.35	2.74%	5/9/2019	5/10/2019	5/24/2019

1/23/2019	quarterly	$0.25	2.3%	2/7/2019	2/8/2019	2/22/2019
10/16/2018	quarterly	$0.25	2.05%	11/9/2018	11/13/2018	11/27/2018
7/17/2018	quarterly	$0.25	1.91%	8/9/2018	8/10/2018	8/24/2018
4/16/2018	quarterly	$0.16	1.22%	5/10/2018	5/11/2018	5/25/2018
1/22/2018	quarterly	$0.16	1.24%	2/8/2018	2/9/2018	2/23/2018
10/16/2017	quarterly	$0.16	1.31%	11/9/2017	11/10/2017	11/24/2017
7/17/2017	quarterly	$0.15	1.22%	8/9/2017	8/11/2017	8/25/2017
6/6/2017	Quarterly	$0.1750		6/14/2017	6/16/2017	6/30/2017
4/18/2017	quarterly	$0.15	1.4%	5/10/2017	5/12/2017	5/26/2017
1/18/2017	quarterly	$0.15	1.43%	2/8/2017	2/10/2017	2/24/2017
10/18/2016	quarterly	$0.15	1.65%	11/8/2016	11/11/2016	11/25/2016
7/19/2016	quarterly	$0.15	1.72%	8/10/2016	8/12/2016	8/26/2016
4/19/2016	quarterly	$0.15	1.76%	5/11/2016	5/13/2016	5/27/2016
1/20/2016	quarterly	$0.15	1.94%	2/10/2016	2/12/2016	2/26/2016
10/21/2015	quarterly	$0.15	1.3%	11/10/2015	11/13/2015	11/30/2015
7/21/2015	quarterly	$0.15	1.24%	8/12/2015	8/14/2015	8/28/2015
4/21/2015	quarterly	$0.15	1.25%	5/13/2015	5/15/2015	5/29/2015
1/21/2015	quarterly	$0.15	1.33%	2/11/2015	2/13/2015	2/27/2015
10/15/2014	quarterly	$0.15	1.34%	11/7/2014	11/12/2014	11/26/2014
7/15/2014	quarterly	$0.15	1.36%	8/13/2014	8/15/2014	8/29/2014
4/17/2014	quarterly	$0.10	0.86%	5/13/2014	5/15/2014	5/30/2014
1/21/2014	quarterly	$0.10	0.8%	2/12/2014	2/14/2014	2/28/2014
10/21/2013	quarterly	$0.10	0.82%	11/13/2013	11/15/2013	11/29/2013

(Data available from 1/1/2013 forward)

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

30 Days of MarketBeat All Access for $1.00

Best-in-Class Portfolio Monitoring
View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio.
Stock Ideas and Recommendations
Get daily stock ideas top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report.
Advanced Stock Screeners and Research Tools
Identify stocks that meet your criteria using seven unique stock screeners. See what's happening in the market right now with MarketBeat's real-time news feed. Export data to Excel for your own analysis.

Start Your Risk-Free Trial Subscription Here

Your Ultimate Investing Toolkit

Just $1.00 for your first month.