CIT Group's Preferred Stock, Series B Shares Cross 6.5% Yield Mark

In trading on Thursday, shares of CIT Group Inc's 5.625% Non-Cumulative Perpetual Preferred Stock, Series B (CIT. RB) were yielding above the 6.5% mark based on its quarterly dividend (annualized to $1.4062), with shares changing hands as low as $21.61 on the day.