Cullen/Frost Bankers, Inc. Announces Quarterly Dividend of $1.00 (NYSE:CFR)

Cullen/Frost Bankers, Inc. (NYSE:CFR) declared a quarterly dividend on Thursday, January 29th. Stockholders of record on Friday, February 27th will be paid a dividend of 1.00 per share by the bank on Friday, March 13th. This represents a c) annualized dividend and a dividend yield of 2.9%. The ex-dividend date of this dividend is Friday, February 27th.

Cullen/Frost Bankers has raised its dividend payment by an average of 0.0%per year over the last three years and has increased its dividend every year for the last 32 years. Cullen/Frost Bankers has a dividend payout ratio of 42.1% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Cullen/Frost Bankers to earn $8.91 per share next year, which means the company should continue to be able to cover its $4.00 annual dividend with an expected future payout ratio of 44.9%.

Cullen/Frost Bankers Stock Up 2.4%

CFR traded up $3.31 during trading on Thursday, reaching $138.50. The stock had a trading volume of 837,222 shares, compared to its average volume of 483,323. Cullen/Frost Bankers has a one year low of $100.31 and a one year high of $146.44. The company has a market capitalization of $8.86 billion, a price-to-earnings ratio of 13.91, a P/E/G ratio of 2.67 and a beta of 0.63. The stock’s 50 day moving average is $130.97 and its two-hundred day moving average is $128.49. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.05.

Cullen/Frost Bankers (NYSE:CFR) last posted its quarterly earnings data on Thursday, January 29th. The bank reported $2.56 EPS for the quarter, topping the consensus estimate of $2.47 by $0.09. Cullen/Frost Bankers had a net margin of 21.99% and a return on equity of 15.84%. The business had revenue of $1.05 billion for the quarter, compared to analyst estimates of $578.05 million. During the same quarter in the previous year, the firm posted $2.36 earnings per share. As a group, analysts expect that Cullen/Frost Bankers will post 8.85 earnings per share 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.