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CIT Group 5-Year Yield-on-Cost %

: 7.79 (As of Today)
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CIT Group's yield on cost for the quarter that ended in Sep. 2021 was 7.79.


The historical rank and industry rank for CIT Group's 5-Year Yield-on-Cost % or its related term are showing as below:

NYSE:CIT' s 5-Year Yield-on-Cost % Range Over the Past 10 Years
Min: 0.51   Med: 4.01   Max: 26.96
Current: 7.79

0.51
26.96

During the past 13 years, CIT Group's highest Yield on Cost was 26.96. The lowest was 0.51. And the median was 4.01.


NYSE:CIT's 5-Year Yield-on-Cost % is ranked higher than
88% of the 1118 Companies
in the Banks industry.

( Industry Median: 3.63 vs. NYSE:CIT: 7.79 )

Competitive Comparison

For the Banks - Regional subindustry, CIT Group's 5-Year Yield-on-Cost %, along with its competitors' market caps and 5-Year Yield-on-Cost % 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 5-Year Yield-on-Cost % Distribution

For the Banks industry and Financial Services sector, CIT Group's 5-Year Yield-on-Cost % distribution charts can be found below:

* The bar in red indicates where CIT Group's 5-Year Yield-on-Cost % falls into.



CIT Group 5-Year Yield-on-Cost % Calculation

Dividend Yield % and dividend growth of a stock is an important factor for income investors. But if company A raises its dividend constantly faster than company B, company A's future dividend yield might be much higher than Company B's even if their yields are the same now and their stock prices do not change.

Yield on Cost assumes that you buy and the stock today, and hold it for 5 years. If the company raises it dividends at the same rate as it did over the past 5 years, the dividends investors receive annually in 5 years relative to the stock price today.

Therefore, Yield-on-Cost of CIT Group is calculated as

Yield-on-Cost=Dividend Yield %*(1+Dividend Growth Rate)^5

CIT Group  (NYSE:CIT) 5-Year Yield-on-Cost % Explanation

Of course the risk here is that the company may not raise its dividends as it did before. The key is to select the companies that can consistently raise its dividends. Usually companies with long history of raising dividends tend to do so.


CIT Group 5-Year Yield-on-Cost % Related Terms

Thank you for viewing the detailed overview of CIT Group's 5-Year Yield-on-Cost % provided by GuruFocus.com. Please click on the following links to see related term pages.


CIT Group Business Description

CIT Group logo
Industry
Financial Services » Banks NAICS : 522110 SIC : 6022
Traded in Other Exchanges
Address
11 West 42nd Street, New York, NY, USA, 10036
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
Alemany Ellen R director, officer: Chair & CEO ONE ADP BOULEVARD ROSELAND NJ 07068
Rosenfeld Gerald director C/O CIT GROUP INC. 1 CIT DRIVE, #3251-9 LIVINGSTON NJ 07039
Duffy James J officer: EVP & Chief HR Officer C/O CIT GROUP, 11 WEST 42ND ST. NEW YORK NY 10036
Solk Steve officer: President, Consumer Banking C/O CIT GROUP INC., ATTN GENERAL COUNSEL 1 CIT DRIVE LIVINGSTON NJ 07039
Fawcett John J. officer: EVP and Chief Financial Office C/O CIT GROUP INC. 1 CIT DRIVE LIVINGSTON NJ 07039
Sperling Edward K officer: EVP & Controller C/O CIT GROUP, 1 CIT DRIVE, #3251-9 LIVINGSTON NJ 07039
Menelly Denise M. officer: EVP, Head of Technology & Ops C/O CIT GROUP INC., 1 CIT DRIVE LIVINGSTON NJ 07039
Proia Gina M. officer: EVP & Head of Marketing C/O CIT GROUP INC., ATTN GENERAL COUNSEL 1 CIT DRIVE LIVINGSTON NJ 07039
Plummer Wahida officer: EVP & Chief Risk Officer C/O CIT GROUP INC. 1 CIT DRIVE, #3251-9 LIVINGSTON NJ 07039
Harney Marisa officer: EVP & Chief Credit Officer C/O CIT GROUP INC. 1 CIT DRIVE, #3251-9 LIVINGSTON NJ 07039
Harnisch David officer: Pres., Commercial Finance C/O CIT GROUP, 1 CIT DRIVE LIVINGSTON NJ 07039
Tran Khanh T director C/O CIT GROUP INC., 1 CIT DRIVE, #3521-9 LIVINGSTON NJ 07039
Freeman William M director C/O CIT GROUP INC. 1 CIT DRIVE, #3251-9 LIVINGSTON NJ 07039
Oates R. Brad director C/O CIT GROUP, 1 CIT DRIVE, #3251-9 LIVINGSTON NJ 07039
Frank Alan L director C/O CIT GROUP, 1 CIT DRIVE, #3251-9 LIVINGSTON NJ 07039

CIT Group Headlines

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