Exhibit 99.2
| CIT MEDIA RELATIONS C. Curtis Ritter Director of External Communications & Media Relations (212) 771-9603 Curt.Ritter@CIT.com | INVESTOR RELATIONS Valerie L. Gerard Executive Vice President (973) 422-3284 |
CIT DECLARES DIVIDENDS FOR SECOND QUARTER 2006
NEW YORK –July 17, 2006 – CIT Group Inc. (NYSE: CIT), a leading global provider of consumer and commercial finance solutions, today announced that its Board of Directors has declared a regular quarterly cash dividend of $0.20 per share on its outstanding common stock. The common stock dividend is payable on August 30, 2006 to shareholders of record on August 15, 2006.
CIT also announced that its Board of Directors has declared quarterly cash dividends of $0.3968750 per share on the Company’s Series A preferred stock and $1.2972500 per share on the Company’s Series B preferred stock. The preferred stock dividends are payable on September 15, 2006 to holders of record on August 31, 2006.
About CIT
CIT Group Inc. (NYSE: CIT), a leading commercial and consumer finance company, provides clients with financing and leasing products and advisory services. Founded in 1908, CIT has $65 billion in managed assets and possesses the financial resources, industry expertise and product knowledge to serve the needs of clients across approximately 30 industries worldwide. CIT, a Fortune 500 company and a member of the S&P 500 Index, holds leading positions in vendor financing, factoring, equipment and transportation financing, Small Business Administration loans, and asset-based lending. With its global headquarters in New York City, CIT has more than 6,700 employees in locations throughout North America, Europe, Latin America, and the Pacific Rim. www.CIT.com
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