SmarterDividends
CFR

Cullen/Frost Bankers, Inc.

CFR31 yrs growth

Financial Services · Banks - Regional · Stock · quarterly payer

$157.85

Undervalued · +20% Add to Portfolio

Forward Yield

2.62%

Annual Dividend

$4.12

Payout Ratio

38%

5-Yr Growth

6.7%

Ex-Date

Nov 30, 2026

Frequency

Quarterly

Key facts about CFR's dividend

Data as of · Source: SmarterDividends data

  • As of Oct 30, 2026, Cullen/Frost Bankers, Inc. (CFR) has a forward dividend yield of 2.62%, based on an annual dividend of $4.12 per share and a share price of $157.85.
  • As of Oct 30, 2026, CFR's dividend safety grade from SmarterDividends is A (94 out of 100), which rates the dividend as very safe.
  • By SmarterDividends' count, Cullen/Frost Bankers, Inc. (CFR) has raised its dividend for 31 consecutive years as of Oct 30, 2026, which makes it a Dividend Aristocrat by the 25-year definition.
  • CFR has never cut its regular dividend in the payment history SmarterDividends has on record.
  • CFR's next ex-dividend date is Nov 30, 2026, with payment on Dec 15, 2026. Shares must be owned before that date to receive the dividend.
  • As of Oct 30, 2026, CFR pays out 38% of its trailing 12-month earnings as dividends (its payout ratio).
  • CFR's dividend has grown at an average rate of 6.7% a year over the past five years.
  • As of Oct 30, 2026, CFR's 2.62% yield is 11% below its five-year average yield of 2.93%.
  • As of Oct 30, 2026, SmarterDividends' blended fair-value estimate for CFR is $190.12 per share, 20% above the $157.85 share price, so CFR screens as undervalued.
  • Cullen/Frost Bankers, Inc. (CFR) pays its dividend quarterly, 4 times a year.
  • Cullen/Frost Bankers, Inc. (CFR) has raised its regular dividend 33 times and cut it 0 times across the 130 payments on record since 1994. Its most recent change was a 3.0% increase to $1.03 per share, going ex-dividend on May 29, 2026.
  • Cullen/Frost Bankers (CFR) has declared its first higher dividend of the year in July in 4 of the last 5 years; its most recent raise, 3.0%, was declared on Apr 30, 2026.
Cite this page

SmarterDividends, "CFR Dividend: Yield, Safety Grade & Next Ex-Date," updated Oct 30, 2026, https://smarterdividends.com/stocks/CFR

Summary

As of Oct 30, 2026, Cullen/Frost Bankers, Inc. (CFR) yields 2.62% ($4.12 a year per share), has a dividend safety grade of A (94/100) and has 31 consecutive years of dividend increases on record.

Is CFR a good dividend stock?

Yes

Cullen/Frost Bankers, Inc. (CFR) pays a quarterly dividend yielding 2.62% ($4.12/yr), with 31 years of growth and a dividend-safety grade of A. It scores well across payout coverage, growth history and safety — a dependable income holding.

Advantages

  • Dividend Aristocrat — 31 consecutive years of growth
  • Never cut its dividend on record
  • Comfortable payout ratio (38%)
  • Strong 6.7% 5-yr dividend growth
  • Top-tier dividend safety score

Risks

  • Single-stock concentration risk — diversify

Key Data

Dividend Yield
2.62%
Payout Ratio
38%
Annual Dividend
$4.12
5-Yr Avg Growth
6.7%
Ex-Dividend Date
Nov 30, 2026
Years of Growth
31
Frequency
quarterly
Beta
0.55
Market Cap
$9.8B
P/E Ratio
14.9
5-Yr Total Return
25%
52-Week Range
$119.15 – $170.80
Dividend Safety
A · 94/100
Ever Cut?
No

CFR dividend raises and cuts

Cullen/Frost Bankers, Inc. (CFR) has raised its regular dividend 33 times and cut it 0 times across the 130 payments on record since 1994. Its most recent change was a 3.0% increase to $1.03 per share, going ex-dividend on May 29, 2026.

Ex-dateChangeOld → newMove
May 29, 2026Raise$1.00 → $1.03+3.0%
May 30, 2025Raise$0.950 → $1.00+5.3%
Aug 30, 2024Raise$0.920 → $0.950+3.3%
Aug 30, 2023Raise$0.870 → $0.920+5.7%
Aug 30, 2022Raise$0.750 → $0.870+16.0%
Aug 30, 2021Raise$0.720 → $0.750+4.2%
Nov 27, 2020Raise$0.710 → $0.720+1.4%
May 30, 2019Raise$0.670 → $0.710+6.0%
May 30, 2018Raise$0.570 → $0.670+17.5%
May 26, 2017Raise$0.540 → $0.570+5.6%
May 26, 2016Raise$0.530 → $0.540+1.9%
May 27, 2015Raise$0.510 → $0.530+3.9%
Show all 33 changes since 1994
Ex-dateChangeOld → newMove
May 28, 2014Raise$0.500 → $0.510+2.0%
May 29, 2013Raise$0.480 → $0.500+4.2%
May 30, 2012Raise$0.460 → $0.480+4.3%
May 27, 2011Raise$0.450 → $0.460+2.2%
May 27, 2010Raise$0.430 → $0.450+4.7%
May 28, 2009Raise$0.420 → $0.430+2.4%
May 28, 2008Raise$0.400 → $0.420+5.0%
May 30, 2007Raise$0.340 → $0.400+17.6%
May 30, 2006Raise$0.300 → $0.340+13.3%
May 27, 2005Raise$0.265 → $0.300+13.2%
May 27, 2004Raise$0.240 → $0.265+10.4%
May 29, 2003Raise$0.220 → $0.240+9.1%
Jun 5, 2002Raise$0.215 → $0.220+2.3%
Jun 6, 2001Raise$0.195 → $0.215+10.3%
Jun 7, 2000Raise$0.175 → $0.195+11.4%
May 27, 1999Raise$0.150 → $0.175+16.7%
May 27, 1998Raise$0.125 → $0.150+20.0%
May 28, 1997Raise$0.105 → $0.125+19.0%
May 30, 1996Raise$0.0875 → $0.105+20.0%
Aug 30, 1995Raise$0.0550 → $0.0875+59.1%
Nov 25, 1994Raise$0.0375 → $0.0550+46.7%
Every CFR payment →Download every raise and cut (CSV)
CFR ex-dividend date & scheduleNext ex-date Nov 30, 2026 · full ex-dividend historyView →CFR dividend historyEvery payment, totals by year, raises and cutsView →

Frequently Asked Questions

Is CFR a good dividend stock?

Yes. Cullen/Frost Bankers, Inc. (CFR) pays a quarterly dividend yielding 2.62% ($4.12/yr), with 31 years of growth and a dividend-safety grade of A. It scores well across payout coverage, growth history and safety — a dependable income holding.

Is CFR undervalued?

Based on a blend of discounted cash flow, a dividend-discount model and an earnings-multiple estimate, CFR's fair value is about $190.12 versus a $157.85 share price — so it looks undervalued (+20% vs. fair value).

Is CFR's dividend safe?

CFR has a dividend-safety grade of A (94/100), based on its payout coverage, free-cash-flow, 31-year growth streak, a clean no-cut history, debt and yield-versus-history.

What is CFR's fair value?

Our blended fair-value estimate for CFR is about $190.12 per share, roughly 20% above the current $157.85 price — combining a discounted cash flow, a dividend-discount model and an earnings multiple.

Is CFR a buy, hold, or sell?

We don't issue formal ratings, but on the data CFR screens as "yes" and undervalued. Cullen/Frost Bankers, Inc. (CFR) pays a quarterly dividend yielding 2.62% ($4.12/yr), with 31 years of growth and a dividend-safety grade of A. It scores well across payout coverage, growth history and safety — a dependable income holding. This is research for your own analysis, not investment advice.

Will CFR cut its dividend?

CFR earns a dividend-safety grade of A (94/100), with no dividend cut on record. A higher score means lower cut risk based on payout coverage, cash flow and history — but no score guarantees a dividend.

Does CFR pay a dividend?

Yes. Cullen/Frost Bankers, Inc. pays a quarterly dividend of about $4.12 per share annually, a forward yield of roughly 2.62%.

What is CFR's dividend yield?

As of Oct 30, 2026, CFR's forward dividend yield is 2.62%, based on a $4.12 annual dividend and a $157.85 share price.

What is CFR's dividend per share?

As of Oct 30, 2026, CFR pays $4.12 per share per year, distributed on a quarterly basis.

What is CFR's dividend payout ratio?

As of Oct 30, 2026, CFR's payout ratio is 38% of trailing 12-month earnings — a comfortable level that leaves room to keep raising the dividend.

How many years has CFR grown its dividend?

As of Oct 30, 2026, CFR has increased its dividend for 31 consecutive years.

When is the next CFR ex-dividend date?

As of Oct 30, 2026, the next ex-dividend date on record for CFR is Nov 30, 2026.

CFR Dividend News

CFR
IncreaseCFR·Jun 11, 2026

Cullen/Frost Raises Quarterly Dividend 3.0% to $1.03

Cullen/Frost raised its quarterly dividend 3.0% to $1.03, extending a 31-year growth streak while earnings and capital support the higher payout.

Income Calculator

At $4.12 / yr per share

Per payment (quarterly)$103.00
Annual$412.00
Monthly avg$34.33

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