Cullen/Frost Bankers, Inc. (CFR) To Go Ex-Dividend on August 31st

Cullen/Frost Bankers, Inc. (NYSE:CFR) announced a quarterly dividend on Wednesday, July 29th. Shareholders of record on Monday, August 31st will be given a dividend of 1.03 per share by the bank on Tuesday, September 15th. This represents a c) annualized dividend and a yield of 2.5%. The ex-dividend date is Monday, August 31st.

Cullen/Frost Bankers has increased its dividend payment by an average of 0.1%annually over the last three years and has raised its dividend annually for the last 32 consecutive years. Cullen/Frost Bankers has a dividend payout ratio of 43.3% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Cullen/Frost Bankers to earn $11.35 per share next year, which means the company should continue to be able to cover its $4.12 annual dividend with an expected future payout ratio of 36.3%.

Cullen/Frost Bankers Price Performance

NYSE CFR opened at $161.90 on Friday. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.05. Cullen/Frost Bankers has a 1 year low of $119.00 and a 1 year high of $170.80. The company has a market cap of $10.06 billion, a PE ratio of 15.30, a PEG ratio of 2.47 and a beta of 0.53. The stock’s 50-day moving average price is $161.35 and its two-hundred day moving average price is $147.36.

Cullen/Frost Bankers (NYSE:CFR) last announced its earnings results on Thursday, July 30th. The bank reported $2.70 EPS for the quarter, topping the consensus estimate of $2.55 by $0.15. The company had revenue of $576.01 million during the quarter, compared to analysts’ expectations of $589.72 million. Cullen/Frost Bankers had a net margin of 23.34% and a return on equity of 15.55%. During the same period last year, the company posted $2.39 earnings per share. On average, analysts predict that Cullen/Frost Bankers will post 10.9 EPS for the current year.

Cullen/Frost Bankers Company Profile

Cullen/Frost Bankers, Inc is the holding company for Frost Bank, a Texas-chartered financial institution whose origins date back to 1868 in San Antonio. As one of the oldest banking organizations in the state, it offers a broad range of services to individuals, small and large businesses, and institutional clients. Core banking activities include commercial lending, deposit services, cash management and trade finance, while consumer products cover residential mortgages, personal lines of credit and home equity loans.

Beyond traditional banking, the company provides comprehensive treasury and equipment leasing solutions tailored to support working capital and capital expenditure requirements.