News Column

CIT Intends to Increase Quarterly Common Stock Dividend to $0.15 Per Share

June 25, 2014



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 CITís Board of Directors at the customary times those dividends are declared. CIT expects to pay its third quarter common stock dividend in August.

EDITORíS NOTE:

View CITís corporate overview video (cit.com/corporatevideo) and CIT Perspectives (cit.com/perspectives), which showcase our insights and ability to put our knowledge to work for the small business, middle market and transportation sectors. Follow us on Twitter, LinkedIn, YouTube and Facebook or register to receive press releases at cit.com/newsalerts.

About CIT

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. CITís 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





CIT MEDIA RELATIONS:

C. Curtis Ritter

Senior Vice President of Corporate Communications

(973) 740-5390

Curt.Ritter@cit.com

or

Matt Klein

Vice President, Media Relations

(973) 597-2020

Matt.Klein@cit.com

or

CIT INVESTOR RELATIONS:

Barbara Callahan

Senior Vice President

(973) 740 -5058

Barbara.Callahan@cit.com


Source: CIT Group Inc.


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Source: Business Wire


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