5 Dividend Stocks to Buy According to Billionaire Michael Price’s MFP Investors

3. CIT Group Inc. (NYSE:CIT)

MFP Investors LLC’s Stake Value: $33,539,000

Percentage of MFP Investors LLC’s 13F Portfolio: 3.87%

Stock Price as of December 8: $49.90

CIT Group Inc. (NYSE:CIT) is a New York-based commercial and consumer bank that operates nearly 60 branches in the Southern California region. The bank announced a merger with First Citizen BancShares, Inc. (NASDAQ:FCNCA) in October 2020, which is expected to be closed by March 1, 2022.

CIT Group Inc. (NYSE:CIT) announced a quarterly dividend of 35 cents per share on October 18. The stock’s dividend yield is 2.92%.