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Slideshow Socially Responsible Preferred Stocks

By Preferred Stock Channel Staff, updated Tuesday, January 21, 2:43 AM

#2. CIT Group Inc (New) | 5.625% Non-Cumulative Perpetual Preferred Stock, Series B (NYSE:CIT.PRB)

Premium to Liquidation Preference: 4.60%Average Premium in Category: 7.15%
Current Annualized Yield: NAAverage Yield in Category: 5.03%
Days Since Last Ex-Div Date: NA | See Dividend History »Categorization: Financial

Series:B
Alternate symbology:CIT-B, CIT-PB, CITprB
Redeemable?:Yes
Call Date:12/15/2024
Perpetual?:Yes
Cumulative?:No
Shares Offered:8,000,000
Liquidation Preference:$25
Recent Market Price:$26.15
Premium to Liquidation Preference:
(More Preferreds Trading at a Premium »)
$1.15 (4.60%)
Original Coupon:5.63%
Pay Period:Quarterly
Pay Dates:15-Mar, 15-Jun, 15-Sep, 15-Dec
CIT Group is a bank and a financial holding company. Through its subsidiaries, Co. provides financing, leasing and advisory services to middle-market companies and small businesses in a range of industries in North America. Co. also provides banking and related services to commercial and individual customers through its banking subsidiary. Co. has three operating segments: Commercial Banking, which include Commercial Finance, Rail, Real Estate Finance, and Business Capital; Consumer Banking, which includes Retail Banking, Consumer Lending, and Small Business Administration Lending; and Non-Strategic Portfolios, which includes businesses and portfolios that Co. no longer consider strategic.

Preferred: CIT.PRB


Open the CIT Information Page »
Name:  CIT Group Inc (New)
Website:  www.cit.com
Sector:  Banking & Savings
Number of ETFs Holding CIT:  62 (see which ones)
Total Market Value Held by ETFs:  $541,419,303
Total Market Capitalization:  $4,377,000,000
% of Market Cap. Held by ETFs:  12.37%

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