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CFR Cullen/Frost Bankers dividend history, payout ratio & dates

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%.

Key dates

  • CFR last dividend date: Aug 30, 2023
  • CFR next dividend date: Not announced
CFR dividend stats
DPS
$3.53
Dividend yield
3.94%
Payout ratio
33%
vs. Financial Services sector
Dividend yield
3.73%
Payout ratio
33.5%

Dividend yield

What is Cullen/Frost Bankers current dividend yield

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.

Dividend history

What is CFR dividend payout history and dates

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%.

Recent dividends

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

Cullen/Frost Bankers dividend payout ratio

What is Cullen/Frost Bankers dividend payout ratio compared to the sector

Payout ratio

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.

Total amount of dividends paid per financial year (from cash flow)

CFR dividend vs peer dividends

How does CFR dividend compare to its peers' dividends
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%

Frequently asked questions

Does Cullen/Frost Bankers pay a dividend?

Yes, Cullen/Frost Bankers has been paying dividends for the last 29 years.

When is Cullen/Frost Bankers's next dividend?

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.

When was CFR's last dividend?

Cullen/Frost Bankers's last regular dividend was on Aug 30, 2023 (ex-date) with the amount of $0.92 per share.

How much dividend does Cullen/Frost Bankers pay (per share)?

CFR's annualized dividend per share is $3.53.

What is Cullen/Frost Bankers's dividend yield?

The current dividend yield of Cullen/Frost Bankers is 3.87%.

How often does Cullen/Frost Bankers pay dividends?

Cullen/Frost Bankers pays four dividends per year.

What is Cullen/Frost Bankers's dividend payout ratio?

Cullen/Frost Bankers's dividend payout ratio is 33%.

Does Cullen/Frost Bankers pay a good dividend?

Cullen/Frost Bankers's dividend yield is similar to the Financial Services sector average.