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CIT Group 3-Year Dividend Growth Rate

: 11.00% (As of Sep. 2019)
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CIT Group's Dividends per Share for the three months ended in Sep. 2019 was $0.35.

NYSE:CIT' s 3-Year Dividend Growth Rate Range Over the Past 10 Years
Min: 0   Max: 81.7
Current: 11
0
81.7

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 0.00% per year. And the median was 0.00% per year.

NYSE:CIT's 3-Year Dividend Growth Rate is ranked higher than
62% of the 846 Companies
in the Banks industry.

( Industry Median: 7.40 vs. NYSE:CIT: 11.00 )

During the past 12 months, CIT Group's average Dividends Per Share Growth Rate was 34.40% per year. During the past 3 years, the average Dividends Per Share Growth Rate was 11.00% per year. During the past 5 years, the average Dividends Per Share Growth Rate was 37.40% 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's Dividend Payout Ratio for the three months ended in Sep. 2019 was 0.23. As of today, CIT Group's Dividend Yield % is 3.09%.

Good Sign:

CIT Group Inc stock dividend yield is close to 10-year high.

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

Competitive Comparison
* 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.

CIT Group 3-Year Dividend Growth Rate Distribution

* 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. 2019 is calculated as

Dividend Payout Ratio=Dividends per Share (Q: Sep. 2019 )/ EPS without NRI (Q: Sep. 2019 )
=0.35/ 1.5
=0.23

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 0.15.

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

CIT Group Recent Full-Year Dividend History

Amount Ex-date Record Date Pay Date Type Frequency Forex Rate
USD 0.3502020-02-062020-02-072020-02-21Cash DividendquarterlyUSD:USD 1.0000
USD 0.3502019-11-072019-11-082019-11-22Cash DividendquarterlyUSD:USD 1.0000
USD 0.3502019-08-082019-08-092019-08-23Cash DividendquarterlyUSD:USD 1.0000
USD 0.3502019-05-092019-05-102019-05-24Cash DividendquarterlyUSD:USD 1.0000

* GuruFocus converts dividend currency to local traded share price currency in order to calculate dividend yield. Please refer to the last column "Forex Rate" in the above table.

CIT Group's Dividend Yield (%) for Today is calculated as

Dividend Yield %=Most Recent Full Year Dividend/Current Share Price
=1.4/45.55
=3.07 %

Current Share Price is $45.55.
CIT Group's Dividends per Share for the trailing twelve months (TTM) ended in Today is $1.4.

During the past 13 years, the highest Dividend Yield of CIT Group was 3.09%. The lowest was 0.19%. And the median was 1.36%.

Good Sign:

CIT Group Inc stock dividend yield is close to 10-year high.

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

CIT Group 3-Year Dividend Growth Rate Related Terms>

CIT Group 3-Year Dividend Growth Rate Headlines

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By PRNewswire about CIT 2020-02-24 07:01:03

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