Cullen/Frost Bankers's latest quarterly cash dividend of $0.92 per share was issued to shareholders on record before Aug 30, 2023. The dividend distribution stands at $3.53 per share annually, which comes to a dividend yield of 3.87%. The latest CFR dividend of $0.92 is an increase from the previous $0.87 payout, representing a growth of 6%.
CFR has a dividend yield of 3.87% which is above the Financial Services sector and its peers average but below the industry average. But compared to its Financial Services sector average of 3.73%, Cullen/Frost Bankers's dividend yield is only 3.8% higher. The current dividend yield is above the historical average of 2.9% of the last 5 years.
Cullen/Frost Bankers has been paying dividends for the last 29 years. Our records show that CFR has distributed four quarterly dividends in the past year. The annualized dividend per share has grown by 13% since twelve months ago. And with the price of the stock down by 31% from a year ago, the dividend yield has grown by 64%.
Ex-date | Payment date | Declared on | Amount | Type |
---|---|---|---|---|
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 33% which is higher than the industry average but lower than the Financial Services sector and its peers average. But if we consider the Financial Services sector average of 33.5%, Cullen/Frost Bankers's payout ratio is only 1.5% lower.
Name | Dividend yield | DPS | Payout ratio |
---|---|---|---|
SBSI Southside Bancshares Inc | 4.89% | $1.39 | 41.5% |
PB Prosperity Bancshares Inc | 4.14% | $2.2 | 41.4% |
CFR Cullen/Frost Bankers Inc | 3.94% | $3.53 | 33% |
IBTX Independent Bank Group Inc | 3.9% | $1.52 | 70.4% |
IBOC International Bancshares Corp | 2.94% | $1.26 | 20% |
FFIN First Financial Bankshares Inc | 2.88% | $0.7 | 44.9% |
BOKF Bok Financial Corp | 2.77% | $2.16 | 22.7% |
Yes, Cullen/Frost Bankers has been paying dividends for the last 29 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 November 2023.
Cullen/Frost Bankers's last regular dividend was on Aug 30, 2023 (ex-date) with the amount of $0.92 per share.
CFR's annualized dividend per share is $3.53.
The current dividend yield of Cullen/Frost Bankers is 3.87%.
Cullen/Frost Bankers pays four dividends per year.
Cullen/Frost Bankers's dividend payout ratio is 33%.
Cullen/Frost Bankers's dividend yield is similar to the Financial Services sector average.