CIT Group's Preferred Stock, Series B Yield Pushes Past 5.5%
February 24, 2021 at 16:02 PM EST
In trading on Wednesday, shares of CIT Group Inc's 5.625% Non-Cumulative Perpetual Preferred Stock, Series B (CIT. RB) were yielding above the 5.5% mark based on its quarterly dividend (annualized to $1.4062), with shares changing hands as low as $25.56 on the day.