CIT Group (CIT Group) Dividends per Share : $1.40 (TTM As of Sep. 2021)

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What is CIT Group Dividends per Share?

CIT Group's dividends per share for the three months ended in Sep. 2021 was $0.35. Its dividends per share for the trailing twelve months (TTM) ended in Sep. 2021 was $1.40. Its Dividend Payout Ratio for the three months ended in Sep. 2021 was 0.20. As of today, CIT Group's Dividend Yield % is 2.62%.

Warning Sign:

CIT Group Inc stock dividend yield is close to 2-year low.

During the past 12 months, CIT Group's average Dividends Per Share Growth Rate was 7.70% per year. During the past 3 years, the average Dividends Per Share Growth Rate was 31.90% per year. During the past 5 years, the average Dividends Per Share Growth Rate was 21.60% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the average dividends per share growth rate.

During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of CIT Group was 81.70% per year. The lowest was 6.90% per year. And the median was 29.40% per year.

For more information regarding to dividend, please check our Dividend Page.

CIT Group Dividends per Share Historical Data

The historical data trend for CIT Group's Dividends per Share can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

CIT Group Dividends per Share Chart

CIT Group Annual Data

Trend

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dividends per Share

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0.60

0.61

0.82

1.30

1.40

CIT Group Quarterly Data
	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21
Dividends per Share	Get a 7-Day Free Trial															0.35	0.35	0.35	0.35	0.35

Competitive Comparison of CIT Group's Dividends per Share

For the Banks - Regional subindustry, CIT Group's Dividend Yield %, along with its competitors' market caps and Dividend Yield % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

CIT Group's Dividend Yield % Distribution in the Banks Industry

For the Banks industry and Financial Services sector, CIT Group's Dividend Yield % distribution charts can be found below:

* The bar in red indicates where CIT Group's Dividend Yield % falls into.

CIT Group Dividends per Share Calculation

Dividends paid to per common share.

CIT Group (NYSE:CIT) Dividends per Share Explanation

1. Dividend Payout Ratio measures the percentage of the company's earnings paid out as dividends.

CIT Group's Dividend Payout Ratio for the quarter that ended in Sep. 2021 is calculated as

Dividend Payout Ratio	=	Dividends per Share (Q: Sep. 2021 )	/	EPS without NRI (Q: Sep. 2021 )
	=	0.35	/	1.72
	=	0.20

During the past 13 years, the highest Dividend Payout Ratio of CIT Group was 0.40. The lowest was 0.03. And the median was 0.18.

2. Dividend Yield % measures how much a company pays out in dividends each year relative to its share price.

During the past 13 years, the highest Dividend Yield of CIT Group was 10.14%. The lowest was 0.19%. And the median was 1.56%.

Warning Sign:

CIT Group Inc stock dividend yield is close to 2-year low.

CIT Group Dividends per Share Related Terms

Thank you for viewing the detailed overview of CIT Group's Dividends per Share provided by GuruFocus.com. Please click on the following links to see related term pages.

CIT Group (CIT Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » CIT Group Inc (NYSE:CIT) » Definitions » Dividends per Share

Comparable Companies

Traded in Other Exchanges

N/A

Address

11 West 42nd Street, New York, NY, USA, 10036

Website

http://www.cit.com

CIT Group Inc is a banking holding company and a financial holding company operating primarily in North America. It provides financing, leasing, and advisory services primarily to middle-market companies in a diverse group of industries. The company's banking subsidiary mostly operates in Southern California and offers both commercial and retail banking services. The company sources its commercial lending business through direct marketing to customers, vendors, and distributors, among other parties. The company generates revenue by earning interest on loans and investments, as well as commission, fees, and rental income on leased equipment and other financial services. The company also syndicates and sells finance receivables.

Executives

John J. Fawcett	officer: EVP and Chief Financial Office	C/O CIT GROUP INC., 1 CIT DRIVE, LIVINGSTON NJ 07039
Wahida Plummer	officer: EVP & Chief Risk Officer	C/O CIT GROUP INC. 1 CIT DRIVE, #3251-9 LIVINGSTON NJ 07039
Marisa Harney	officer: EVP & Chief Credit Officer	C/O CIT GROUP INC., 1 CIT DRIVE, #3251-9, LIVINGSTON NJ 07039
Steve Solk	officer: President, Consumer Banking	C/O CIT GROUP INC., ATTN GENERAL COUNSEL 1 CIT DRIVE LIVINGSTON NJ 07039
Sheila A Stamps	director	C/O CIT GROUP, 1 CIT DRIVE, ATTN: GENERAL COUNSEL, LIVINGSTON NJ 07039
Michael L. Brosnan	director	C/O CIT GROUP INC. - GENERAL COUNSEL 1 CIT DRIVE LIVINGSTON NJ 07039
Gina M. Proia	officer: EVP & Head of Marketing	C/O CIT GROUP INC., ATTN GENERAL COUNSEL 1 CIT DRIVE LIVINGSTON NJ 07039
Denise M. Menelly	officer: EVP, Head of Technology & Ops	C/O CIT GROUP INC., 1 CIT DRIVE LIVINGSTON NJ 07039
Edward K Sperling	officer: EVP & Controller	C/O CIT GROUP, 1 CIT DRIVE, #3251-9 LIVINGSTON NJ 07039
Ellen R Alemany	director, officer: Chair & CEO	ONE ADP BOULEVARD, ROSELAND NJ 07068
James J Duffy	officer: EVP & Chief HR Officer	C/O CIT GROUP, 11 WEST 42ND ST. NEW YORK NY 10036
Gerald Rosenfeld	director	C/O CIT GROUP INC., 1 CIT DRIVE, #3251-9, LIVINGSTON NJ 07039
David Harnisch	officer: Pres., Commercial Finance	C/O CIT GROUP, 1 CIT DRIVE LIVINGSTON NJ 07039
Alan L Frank	director	C/O CIT GROUP, 1 CIT DRIVE, #3251-9 LIVINGSTON NJ 07039
John R Ryan	director