CIT Group Inc (DEL) (NYSE:CIT) Updates On Dividend Release Date


On 2016-07-19, CIT Group Inc (DEL) (NYSE:CIT) confirmed the dividend disbursement of $0.15 a share to shareholders as on record 2016-08-12. The firm will release dividend on 2016-08-26 while ex-dividend date is reported to be 2016-08-10.

The shareholders who will hold their stock holding till the ex-dividend date will receive payout. Last year, CIT Group Inc (DEL) (NYSE:CIT) paid a total of $0.15 per share in dividends. This figure stood at $0.15 a share in the same period a year ago indicating a deviation of 20%.

Analyst Opinion The sell-side market experts layering the stock estimates have established a price target of $44 on the stock. This figure is the average of recommendations offered by 10 brokerages. The brokerages had set bullish as well as bearish price estimates, which stands at $65 and $33, respectively.

Taking the mathematical rating formula, the price for CIT Group Inc (DEL) (NYSE:CIT) stands at 1.9. Earnings Review CIT Group Inc (DEL) (NYSE:CIT) will report its quarterly earnings for the period ending on 2016-09-30 by 2016-11-01. For the period ending on 2016-09-30, experts are expecting EPS of $0.78.

Coming to the quarter ending on 2015-12-31, CIT Group Inc (DEL) (NYSE:CIT) recorded EPS of $0.9. The reported numbers came lower than the analysts’ estimates of $0.79, demonstrating a miss of $0.11 as against reported figures.

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