Preferred Stock Channel
Market News Video Self Directed Investor The Warren Buffetts Next Door Stock message boards
Quotes delayed 20 minutes


Buy (3.14 out of 4)
50th percentile
(ranked higher than approx. 50% of all stocks covered)
Based on data provided by Zacks Investment Research via Quandl.com
www.valueforum.com/7/
Free Preferred Stock Newsletter
Gain access to weekly reports with featured preferred stock screens, new preferred stock offerings, and more.

Slideshow Preferred Stock Offerings

By Preferred Stock Channel Staff, updated Tuesday, April 23, 8:19 PM

Slide #102. CIT Group Inc. Preferred Stock Offering

Company: CIT Group Inc. (NYSE:CIT)
Date announced: 5/31/2017
Shares Offered: 325,000
Date of Pricing: 5/31/2017
Price Per Share: $1,000.00
Preferred Stock Offering Details: CIT Group Inc. (NYSE: CIT) (the "Company") today announced the pricing of its public offering of 325,000 shares of Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series A (the "Series A Preferred Stock") at a public offering price of $1,000 per share. Dividends on the Series A Preferred Stock will accrue and be payable at a fixed rate per annum equal to 5.80% from the original issue date to, but excluding, June 15, 2022 semi-annually in arrears, and thereafter at a floating rate per annum equal to the three-month LIBOR on the related dividend determination date plus a spread of 3.972% per annum quarterly in arrears beginning on September 15, 2022. CIT expects the offering to settle on June 7, 2017, subject to customary closing conditions. CIT plans to use the net proceeds for general corporate purposes, including returning capital to its shareholders.

CIT Group is a bank and financial holding company. Through its subsidiaries, Co. provides financing, leasing and advisory services principally to middle-market companies and small businesses in a variety of industries, primarily in North America. Co. also provides banking and related services to commercial and individual customers through its bank subsidiary, CIT Bank, N.A. in southern California; and its online bank, bankoncit.com. Co. manages its business in three operating segments: Commercial Banking, Consumer Banking, and Non-Strategic Portfolios.
Open the CIT Page at Preferred Stock Channel »

Name:  CIT Group Inc
Website:  www.cit.com
Sector:  Banking & Savings
Number of ETFs Holding CIT:  60 (see which ones)
Total Market Value Held by ETFs:  $634,226,075
Total Market Capitalization:  $5,094,000,000
% of Market Cap. Held by ETFs:  12.45%
 

Open the CIT Page at Preferred Stock Channel (in a new window) »

Top Ten Highest Yielding Preferred Stocks
Feel-Good Income: Socially Responsible Preferreds
Dividend Channel's 25 S.A.F.E. Dividend Stocks
Increasing Payments For Decades

Safer than S.A.F.E: Preferreds of Dividend Channel's
S.A.F.E. Dividend Stocks

Recent Preferred Stock Offerings
Preferred Stocks of Dow Components
Preferred Stocks of S&P 500 Components
Preferred Stocks By Industry
Preferred Stocks Where Insiders Are Buying The Common
High Yield Preferred Stocks
Preferreds Trading At Premiums To Liquidation Preference
Preferreds Trading At Discounts To Liquidation Preference
The Top 10 DividendRank'ed U.S. Stocks
The Top 10 DividendRank'ed Canadian Stocks
Top 25 Broker Analyst Picks of the S&P 500
Stock market game

Preferred Stock Offerings - Slide 102 of 457 | www.PreferredStockChannel.com | Copyright © 2011 - 2019, All Rights Reserved

Nothing in Preferred Stock Channel is intended to be investment advice, nor does it represent the opinion of, counsel from, or recommendations by BNK Invest Inc. or any of its affiliates, subsidiaries or partners. None of the information contained herein constitutes a recommendation that any particular security, portfolio, transaction, or investment strategy is suitable for any specific person. All viewers agree that under no circumstances will BNK Invest, Inc,. its subsidiaries, partners, officers, employees, affiliates, or agents be held liable for any loss or damage caused by your reliance on information obtained. By visiting, using or viewing this site, you agree to the following Full Disclaimer & Terms of Use and Privacy Policy. Video widget and dividend videos powered by Market News Video. Quote data delayed at least 20 minutes; data powered by Ticker Technologies, and Mergent. Contact Preferred Stock Channel; Meet Our Editorial Staff.