Cullen/Frost Bankers's latest quarterly cash dividend of $0.92 per share was issued to shareholders on record before May 31, 2024. The dividend distribution stands at $3.68 per share annually, which comes to a dividend yield of 3.13%.
CFR has a dividend yield of 3.13% which is above the Financial Services sector, the industry and its peers average. Compared to its Financial Services sector average of 2.85%, Cullen/Frost Bankers's dividend yield is 10% higher. The current dividend yield is similar to the historical average of 3.0% of the last 5 years.
Cullen/Frost Bankers has been paying dividends for the last 30 years. Our records show that CFR has distributed five quarterly dividends in the past year. The annualized dividend per share has grown by 6% since twelve months ago. And with the price of the stock up by 2.8% from a year ago, the dividend yield has grown by 3%.
| Ex-date | Payment date | Declared on | Amount | Type |
|---|---|---|---|---|
| May 31, 2024 | Jun 14, 2024 | Apr 25, 2024 | $0.92 | normal |
| May 30, 2024 | Jun 14, 2024 | Apr 25, 2024 | $0.92 | normal |
| Feb 28, 2024 | Mar 15, 2024 | Jan 25, 2024 | $0.92 | normal |
| Nov 29, 2023 | Dec 15, 2023 | Oct 26, 2023 | $0.92 | normal |
| Aug 30, 2023 | Sep 15, 2023 | Jul 27, 2023 | $0.92 | normal |
| May 30, 2023 | Jun 15, 2023 | Apr 27, 2023 | $0.87 | normal |
| Feb 27, 2023 | Mar 15, 2023 | Jan 26, 2023 | $0.87 | normal |
| Nov 29, 2022 | Dec 15, 2022 | Oct 27, 2022 | $0.87 | normal |
| Aug 30, 2022 | Sep 15, 2022 | Jul 28, 2022 | $0.87 | normal |
| May 27, 2022 | Jun 15, 2022 | Apr 28, 2022 | $0.75 | normal |
| Feb 25, 2022 | Mar 15, 2022 | Jan 27, 2022 | $0.75 | normal |
| Nov 29, 2021 | Dec 15, 2021 | $0.75 | normal | |
| Aug 30, 2021 | Sep 15, 2021 | Jul 29, 2021 | $0.75 | normal |
| May 27, 2021 | Jun 15, 2021 | Apr 29, 2021 | $0.72 | normal |
| Feb 25, 2021 | Mar 15, 2021 | Jan 28, 2021 | $0.72 | normal |
| Nov 27, 2020 | Dec 15, 2020 | Oct 29, 2020 | $0.72 | normal |
| Aug 28, 2020 | Sep 15, 2020 | Jul 30, 2020 | $0.71 | normal |
| May 28, 2020 | Jun 15, 2020 | Apr 30, 2020 | $0.71 | normal |
| Feb 27, 2020 | Mar 13, 2020 | Jan 29, 2020 | $0.71 | normal |
| Nov 27, 2019 | Dec 13, 2019 | Oct 31, 2019 | $0.71 | normal |
| Aug 29, 2019 | Sep 13, 2019 | Jul 25, 2019 | $0.71 | normal |
| May 30, 2019 | Jun 14, 2019 | Apr 25, 2019 | $0.71 | normal |
| Feb 27, 2019 | Mar 15, 2019 | Jan 31, 2019 | $0.67 | normal |
| Nov 29, 2018 | Dec 14, 2018 | Oct 25, 2018 | $0.67 | normal |
| Aug 30, 2018 | Sep 14, 2018 | Jul 26, 2018 | $0.67 | normal |
| May 30, 2018 | Jun 15, 2018 | Apr 25, 2018 | $0.67 | normal |
| Feb 27, 2018 | Mar 15, 2018 | Jan 24, 2018 | $0.57 | normal |
| Nov 29, 2017 | Dec 15, 2017 | Oct 26, 2017 | $0.57 | normal |
| Aug 29, 2017 | Sep 15, 2017 | Jul 27, 2017 | $0.57 | normal |
| May 26, 2017 | Jun 15, 2017 | Apr 27, 2017 | $0.57 | normal |
| Feb 24, 2017 | Mar 15, 2017 | Jan 26, 2017 | $0.54 | normal |
| Nov 28, 2016 | Dec 15, 2016 | Oct 27, 2016 | $0.54 | normal |
| Aug 29, 2016 | Sep 15, 2016 | Jul 28, 2016 | $0.54 | normal |
| May 26, 2016 | Jun 15, 2016 | Apr 28, 2016 | $0.54 | normal |
| Feb 25, 2016 | Mar 15, 2016 | Jan 28, 2016 | $0.53 | normal |
CFR has a payout ratio of 43.5% which is higher than the Financial Services sector and the industry average but lower than its peers average. If we compare it with the Financial Services sector average of 41.2%, Cullen/Frost Bankers's payout ratio is 6% higher.
| Name | Dividend yield | DPS | Payout ratio |
|---|---|---|---|
| SBSI Southside Bancshares Inc | 4.17% | $1.42 | 52.8% |
| CFR Cullen/Frost Bankers Inc | 3.07% | $3.68 | 44.9% |
| PB Prosperity Bancshares Inc | 3.06% | $2.23 | 51.5% |
| IBTX Independent Bank Group Inc | 2.55% | $1.52 | 60.1% |
| BOKF Bok Financial Corp | 2.07% | $2.19 | 31.8% |
| IBOC International Bancshares Corp | 1.86% | $1.29 | 19.7% |
| FFIN First Financial Bankshares Inc | 1.82% | $0.72 | 51.4% |
Yes, Cullen/Frost Bankers has been paying dividends for the last 30 years.
CFR hasn't announced its next dividend date yet, but if we take into consideration its recent dividend history, it is likely that its next dividend will be in August 2024.
Cullen/Frost Bankers's last regular dividend was on May 31, 2024 (ex-date) with the amount of $0.92 per share.
CFR's annualized dividend per share is $3.68.
The current dividend yield of Cullen/Frost Bankers is 3.13%.
Cullen/Frost Bankers pays four dividends per year.
Cullen/Frost Bankers's dividend payout ratio is 43.5%.
Cullen/Frost Bankers's dividend yield is above the Financial Services sector average.