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.

Before it's here, it's on the Bloomberg Terminal. LEARN MORE