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CIT Cit Group Inc Dividend

Cit Group's most recent quarterly dividend was on Oct 28, 2021 (ex-date) with a cash dividend payment of $0.35 per share. On an annualized basis, the company has a current payout of $1.4 per share. This brings the dividend yield to 2.85% based on its recent close price.

CIT next dividend date: Not announced

CIT
DPS
$1.4
Dividend yield
2.85%
Payout ratio
20.2%
Financial Services sector
Dividend yield
2.51%
Payout ratio
32.1%

Dividend yield

CIT has a dividend yield of 2.85% which is above the Financial Services sector and the industry average.

Dividend history

Cit Group has been paying dividends since 2013. CIT has issued four quarterly dividends in the last twelve months. The annualized DPS has not changed for the last year. But since the stock price has gone up by 46% from a year ago, the dividend yield has decreased by 32%.

Recent dividends

Declared on Ex-date Payment date Amount Type
Oct 18, 2021 Oct 28, 2021 Nov 12, 2021 $0.35 normal
Jul 19, 2021 Jul 29, 2021 Aug 13, 2021 $0.35 normal
Apr 21, 2021 May 6, 2021 May 21, 2021 $0.35 normal
Jan 22, 2021 Feb 4, 2021 Feb 19, 2021 $0.35 normal
Oct 15, 2020 Nov 5, 2020 Nov 20, 2020 $0.35 normal
Jul 17, 2020 Aug 6, 2020 Aug 21, 2020 $0.35 normal
Apr 16, 2020 May 7, 2020 May 22, 2020 $0.35 normal
Jan 22, 2020 Feb 6, 2020 Feb 21, 2020 $0.35 normal
Oct 17, 2019 Nov 7, 2019 Nov 22, 2019 $0.35 normal
Jul 19, 2019 Aug 8, 2019 Aug 23, 2019 $0.35 normal
Apr 17, 2019 May 9, 2019 May 24, 2019 $0.35 normal
Jan 23, 2019 Feb 7, 2019 Feb 22, 2019 $0.25 normal
Oct 16, 2018 Nov 9, 2018 Nov 27, 2018 $0.25 normal
Jul 17, 2018 Aug 9, 2018 Aug 24, 2018 $0.25 normal
Apr 16, 2018 May 10, 2018 May 25, 2018 $0.16 normal
Jan 23, 2018 Feb 8, 2018 Feb 23, 2018 $0.16 normal
Oct 16, 2017 Nov 9, 2017 Nov 24, 2017 $0.16 normal
Jun 28, 2017 Aug 9, 2017 Aug 25, 2017 $0.15 normal
Apr 18, 2017 May 10, 2017 May 26, 2017 $0.15 normal
Jan 18, 2017 Feb 8, 2017 Feb 24, 2017 $0.15 normal
Oct 18, 2016 Nov 8, 2016 Nov 25, 2016 $0.15 normal
Jul 19, 2016 Aug 10, 2016 Aug 26, 2016 $0.15 normal
Apr 19, 2016 May 11, 2016 May 27, 2016 $0.15 normal
Jan 20, 2016 Feb 10, 2016 Feb 26, 2016 $0.15 normal

Dividend payouts

Payout ratio

CIT has a payout ratio of 20.2% which is lower than the Financial Services sector and the industry average.

Total amount of dividends paid per financial year (from cash flow)