News Column

CIT Declares Quarterly Dividend

July 15, 2014

Increases Dividend by 50% Over Previous Quarterly Cash Dividend

NEW YORK--(BUSINESS WIRE)-- CIT Group Inc. (NYSE: CIT), a leading provider of commercial lending, leasing and advisory services, today announced that its Board of Directors has declared a quarterly cash dividend of $0.15 per common share on its outstanding common stock Ė an increase of 50% from its prior quarterly cash dividend. The common stock dividend is payable on August 29, 2014 to common shareholders of record as of August 15, 2014.

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, 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

Source: CIT Group Inc.


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Source: Business Wire


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