During the past 12 months, CIT Group's average Dividends Per Share Growth Rate was 7.70% per year.
During the past 3 years, the average Dividends Per Share Growth Rate was 31.90% per year.
During the past 5 years, the average Dividends Per Share Growth Rate was 21.60% per year.
During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of CIT Group was 81.70% per year. The lowest was 6.90% per year. And the median was 29.40% per year.
The growth rate is calculated with least square regression.
For more information regarding to dividend, please check our Dividend Page.
Competitive Comparison of CIT Group's Forward Dividend Yield %
For the Banks - Regional subindustry, CIT Group's Forward Dividend Yield %, along with its competitors' market caps and Forward Dividend Yield % 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's Forward Dividend Yield % Distribution in the Banks Industry
For the Banks industry and Financial Services sector, CIT Group's Forward Dividend Yield % distribution charts can be found below:
* The bar in red indicates where CIT Group's Forward Dividend Yield % falls into.
CIT Group Forward Dividend Yield % Calculation
Dividend Yield measures how much a company pays out in dividends each year relative to its share price.
CIT Group (NYSE:CIT) Forward Dividend Yield % Explanation
Over the long term, the return from dividends has been a significant contributor to the total returns produced by equity securities. Studies by Elroy Dimson, Paul Marsh, and Mike Staunton of Princeton University (2002) found that a market-oriented portfolio, which included reinvested dividends, would have generated nearly 85 times the wealth generated by the same portfolio relying solely on capital gains.
Dividends may also qualify a lower tax rate for investors.
In dividends investing, Payout Ratio and Dividend Growth Rate are the two most important variables for consideration. A lower payout ratio may indicate that the company has more room to increase its dividends.
Thank you for viewing the detailed overview of CIT Group's Forward Dividend Yield % provided by GuruFocus.com. Please click on the following links to see related term pages.
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.
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