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 Lmarcinek3@bloomberg.net

To contact the editor responsible for this story: Dan Kraut at dkraut2@bloomberg.net

Bloomberg reserves the right to edit or remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.