CIT announces common and preferred stock dividends for quarter.

Global Banking News-April 17, 2020-CIT announces common and preferred stock dividends for quarter

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The board of directors of CIT Group Inc (NYSE:CIT) has authorised a cash dividend of USD0.35 per share of common stock, the company reported on Thursday.

This dividend will be paid on 22 May 2020 to shareholders of record as of 8 May 2020.

Also, the board approved a semi-annual cash dividend of USD29.00 on the series A preferred stock and a quarterly cash dividend of USD0.3515625 per share on the series B preferred stock. Holders of record as of 29 May 2020 will receive these dividends on 15 June...

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