CIT Group Inc (DEL) (CIT) Dividends

CIT Group Inc (DEL) (CIT)

Today's Latest Price: $31.30 USD

1.28 (4.26%)

Updated Oct 23 7:00pm

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Overall POWR Rating


POWR Components:

 Trade Grade  Buy & Hold Grade  Peer Grade  Industry Rank


Industry Rank:

Ranked of 46 in Consumer Financial Services

See all "A" rated Strong Buy stocks

Dividend Yield and Dividend History Highlights

  • As for free cash flow, CIT has greater average cash flow over the past 5.5 years than merely 2.71% US-listed dividend payers.
  • CIT's free cash flow has been growing at a compound average annual rate of 351.51% over the past 5.5 years -- higher than 97.46% 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: WK, FMS, RMD, KEN and MGIC.
CIT Ex-Dividend Date
CIT Dividend Yield
4.47%
CIT Annual Dividend
$1.40
CIT Payout Ratio

CIT Price Forecast Based on Dividend Discount Model

Current PriceDDM Fair Value Target: Forecasted Gain:
$31.30$16.44 -39.26%

For dividend yielding stocks, the Dividend Discount Model (DDM) is a common valuation tool; it attempts to extrapolate a fair share price based primarily on the dividend the stock provides relative to a number of other quantiative aspects of its business. As for CIT, the DDM model, as implemented by StockNews, implies a negative return of 39.26% relative to its current price. Some interesting points we thought investors may wish to consider regarding the dividend discount model forecast for Cit Group Inc are:

  • CIT generates about 2 billion US dollars in revenue annually; in terms of how this translates into revenue, it has a dividend yield higher than 94.1% 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 2.02% 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 #1 of 49 vs. its peers in the Consumer Financial Services category.
Rank Symbol Name Dividend Yield
1 CIT CIT Group Inc (DEL) 7.29%
2 HRB H&R Block, Inc. 6.31%
3 TAX Liberty Tax, Inc. - 6.21%
4 WU Western Union Company (The) 4.21%
5 OMF OneMain Holdings, Inc. 3.96%
6 SYF Synchrony Financial 3.20%
7 CURO CURO Group Holdings Corp. 2.97%
8 DFS Discover Financial Services 2.89%
9 ALLY Ally Financial Inc. 2.87%
10 CASS Cass Information Systems, Inc 2.69%
11 CLGX CoreLogic, Inc. 1.95%
12 ADS Alliance Data Systems Corporation 1.85%
13 FCFS FirstCash, Inc. 1.78%
14 HTH Hilltop Holdings Inc. 1.71%
15 AXP American Express Company 1.69%
16 SLM SLM Corporation 1.45%
17 EFX Equifax, Inc. 0.98%
18 INTU Intuit Inc. 0.66%
19 V Visa Inc. 0.60%
20 COF Capital One Financial Corporation 0.53%
21 MA Mastercard Incorporated 0.47%
22 GPN Global Payments Inc. 0.44%
23 TRU TransUnion 0.35%
24 WP Worldpay, Inc. 0.00%
25 EEFT Euronet Worldwide, Inc. 0.00%
26 AX Axos Financial, Inc. 0.00%
27 TREE LendingTree, Inc. 0.00%
28 WRLD World Acceptance Corporation 0.00%
29 QFIN 360 Finance, Inc. 0.00%
30 CATM Cardtronics plc 0.00%
31 GDOT Green Dot Corp. 0.00%
32 RATE Bankrate, Inc. 0.00%
33 EZPW EZCORP, Inc. - Class A Non-Voting 0.00%
34 MGI Moneygram International, Inc. 0.00%
35 LC LendingClub Corporation 0.00%
36 AMK AssetMark Financial Holdings, Inc. 0.00%
37 PYPL PayPal Holdings, Inc. 0.00%
38 HAWK Blackhawk Network Holdings, Inc. 0.00%
39 ENVA Enova International, Inc. 0.00%
40 ELVT Elevate Credit, Inc. 0.00%
41 NCR NCR Corporation 0.00%
42 RM Regional Management Corp. 0.00%
43 LPRO Open Lending Corp. Cl A 0.00%
44 LCAHU Landcadia Holdings II, Inc. - Unit 0.00%
45 THCAU Tuscan Holdings Corp. II - Unit 0.00%
46 THBRU THUNDER BRIDGE ACQUISITION II, LTD 0.00%
47 SSPKU SILVER SPIKE ACQUISITION CORP. 0.00%
48 ORSNU ORISUN ACQUISITION CORP. 0.00%
49 NFINU Netfin 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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