Thain’s CIT Reinstates Quarterly Dividend at 10 Cents a Share

CIT Group Inc., the once-bankrupt business lender run by John Thain, has reinstated a dividend.

The quarterly dividend of 10 cents a share is payable on Nov. 29 to shareholders of record as of Nov. 15, the New York-based company said today in a statement distributed by Business Wire.

To contact the reporter on this story: Laura Marcinek in New York at

To contact the editor responsible for this story: Dan Kraut at

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