The historical rank and industry rank for CIT Group's 3-Year Dividend Growth Rate or its related term are showing as below:
CIT'
s 3-Year Dividend Growth Rate Range Over the Past 10 Years
Min: 6.9 Med: 29.4 Max: 81.7
Current: 31.9
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.
CIT's 3-Year Dividend Growth Rate is not ranked
in the Banks industry.
Industry Median: 7.5
vs CIT: 31.90
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.
CIT Group Inc stock dividend yield is close to 2-year low.
For more information regarding to dividend, please check our Dividend Page.
Competitive Comparison of CIT Group's 3-Year Dividend Growth Rate
For the Banks - Regional subindustry, CIT Group's 3-Year Dividend Growth Rate, along with its competitors' market caps and 3-Year Dividend Growth Rate 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 3-Year Dividend Growth Rate Distribution in the Banks Industry
For the Banks industry and Financial Services sector, CIT Group's 3-Year Dividend Growth Rate distribution charts can be found below:
* The bar in red indicates where CIT Group's 3-Year Dividend Growth Rate falls into.
CIT Group 3-Year Dividend Growth Rate Calculation
This is the average annual rate that a company has been raising its dividends. The growth rate is calculated with expontential compound based on the latest four year annual data.
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.
CIT Group (NYSE:CIT) 3-Year Dividend Growth Rate 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
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.
* 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.
CIT Group 3-Year Dividend Growth Rate Related Terms>
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.
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