CIT Group Inc (DEL) (CIT) Dividends

CIT Group Inc (DEL) (CIT): $46.40

-1.57 (-3.27%)

POWR Rating

Component Grades

Growth

S

Value

I

Momentum

G

Stability

N

Sentiment

U

Quality

P

Dividend Yield and Dividend History Highlights

  • As for free cash flow, CIT has greater average cash flow over the past 5.76 years than 3.28% US-listed dividend payers.
  • CIT's free cash flow has been growing at a compound average annual rate of 336.15% over the past 5.76 years -- higher than 97.52% of current US-listed dividend stocks.
  • As for stocks whose price is uncorrelated with CIT's price and thus may be suitable peers for a diversified dividend portfolio, check out the following: HE, GRFS, GAIA, ES and FSP.
CIT Ex-Dividend Date
CIT Dividend Yield
2.92%
CIT Annual Dividend
$1.40
CIT Payout Ratio

CIT Price Forecast Based on Dividend Discount Model

Current PriceDDM Fair Value Target: Forecasted Gain:
$46.40$16.61 -53.18%

The Dividend Discount Model (DDM) is a valuation model that attempts to determine a fair share price for a stock, based on the dividend it provides in comparison to several company-specific metrics indicative of the riskiness of the stock and the financial health of the company. As for CIT, the DDM model generated by StockNews estimates a return of negative 53.18% in comparison to its current price. Digging deeper, the aspects of Cit Group Inc's dividend discount model that we found most interesting were:

  • The amount of revenue Cit Group Inc earns annually is around 2 billion; in terms of how this translates into revenue, it has a dividend yield higher than 81.84% of companies in the mid revenue class.
  • Beta tells us how volatile a stock's price is relative to the broader equity index; for Cit Group Inc, its beta is lower than just 2.05% of dividend issuing stocks we observed.

CIT Dividend Chart


CIT Dividend History

Ex-Dividend Date Type Payout Amount Change
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CIT Dividends vs. Peers

CIT's dividend yield currently ranks #6 of 55 vs. its peers in the Consumer Financial Services category.
Rank Symbol Name Dividend Yield
1 BBDC Barings BDC, Inc. 6.71%
2 TAX Liberty Tax, Inc. - 6.21%
3 HRB H&R Block, Inc. 5.27%
4 WU Western Union Company (The) 3.77%
5 OMF OneMain Holdings, Inc. 3.54%
6 CIT CIT Group Inc (DEL) 2.92%
7 CASS Cass Information Systems, Inc 2.41%
8 RM Regional Management Corp. 2.30%
9 SYF Synchrony Financial 2.19%
10 DFS Discover Financial Services 1.82%
11 ALLY Ally Financial Inc. 1.76%
12 FCFS FirstCash, Inc. 1.65%
13 CLGX CoreLogic, Inc. 1.59%
14 CURO CURO Group Holdings Corp. 1.50%
15 HTH Hilltop Holdings Inc. 1.40%
16 COF Capital One Financial Corporation 1.28%
17 AXP American Express Company 1.21%
18 EDNMY Edenred SA 1.05%
19 EFX Equifax, Inc. 0.93%
20 ADS Alliance Data Systems Corporation 0.83%
21 SLM SLM Corporation 0.76%
22 V Visa Inc. 0.60%
23 MA Mastercard Incorporated 0.49%
24 GPN Global Payments Inc. 0.39%
25 TRU TransUnion 0.34%
26 WP Worldpay, Inc. 0.00%
27 MFH Mercurity Fintech Holding Inc. 0.00%
28 NICK Nicholas Financial, Inc. 0.00%
29 EEFT Euronet Worldwide, Inc. 0.00%
30 AX Axos Financial, Inc. 0.00%
31 MNSB MainStreet Bancshares, Inc. 0.00%
32 PAYS Paysign, Inc. 0.00%
33 TREE LendingTree, Inc. 0.00%
34 WRLD World Acceptance Corporation 0.00%
35 QFIN 360 Finance, Inc. 0.00%
36 FMCC Freddie Mac 0.00%
37 FNMA Federal National Mortgage Association 0.00%
38 CATM Cardtronics plc 0.00%
39 GDOT Green Dot Corp. 0.00%
40 RATE Bankrate, Inc. 0.00%
41 EZPW EZCORP, Inc. - Class A Non-Voting 0.00%
42 MGI Moneygram International, Inc. 0.00%
43 LC LendingClub Corporation 0.00%
44 AMK AssetMark Financial Holdings, Inc. 0.00%
45 PYPL PayPal Holdings, Inc. 0.00%
46 LDI loanDepot, Inc. 0.00%
47 LMFA LM Funding America, Inc. 0.00%
48 ATLC Atlanticus Holdings Corporation 0.00%
49 HAWK Blackhawk Network Holdings, Inc. 0.00%
50 ENVA Enova International, Inc. 0.00%
51 BMTX BM Technologies, Inc. 0.00%
52 UWMC UWM Holdings Corporation 0.00%
53 NCR NCR Corporation 0.00%
54 LPRO Open Lending Corp. Cl A 0.00%
55 HUNTF Hunter Maritime Acquisition Corp. 0.00%

Looking for More Information on CIT dividends?

Want to see what other sources are saying about Cit Group Inc's dividends? Try the links below:

Cit Group Inc Common Stock (CIT) Dividend History | Nasdaq
Dividend History for Cit Group Inc (CIT) - Dividend Investor
Cit Group Inc (CIT) Dividend History - Seeking Alpha


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