Daily News: June 26, 2014

CIT Intends to Increase Stock Dividend

CIT Group announced that it intends to increase its quarterly common stock dividend to $0.15 per share beginning in the third quarter of 2014.

CIT said dividends, including the third quarter dividend, will continue to be subject to the approval of CIT’s board of directors at the customary times those dividends are declared.

CIT said it expects to pay its third quarter common stock dividend in August.