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Data last updated: Sep 06, 2026
Snapshot (as of Sep 06, 2026): Cullen/Frost Bankers, Inc. (CFR) pays a $4.06 annual dividend ($1.03 quarterly), yielding 2.50% at $162.62/share. Next ex-dividend date 2026-08-31. 25 consecutive years of dividend growth (Dividend Aristocrat). Source: Yahoo Finance, aggregated by MerryDiv.
Dividend Yield: 2.50%
Annual Dividend: $4.06 per share
Payout Ratio: 38.6%
Ex-Dividend Date: 2026-08-31
Dividend Frequency: quarterly
Sector: Financial Services
Years of Dividend History: 38
Cullen/Frost Bankers, Inc. dividend investors are looking at a Texas-focused bank holding company that has served commercial and consumer clients through Frost Bank since 1868. The current yield stands at 2.5%, with a trailing annual dividend rate of $4.06 per share paid quarterly. CFR's next ex-dividend date is August 31, 2026. A beta of 0.513 marks this as a low-volatility bank stock, making it a natural fit for income investors who prioritize steadiness over aggressive yield.
Cullen/Frost Bankers, Inc. pays out 38.6% of earnings as dividends, a payout ratio classified as conservative (below 40%). That low payout leaves meaningful room to sustain and grow the dividend even if earnings soften, and Cullen/Frost Bankers, Inc. dividend safety is further supported by a diversified revenue base spanning commercial lending, treasury management, trust services, and insurance across multiple Texas industries. The primary pressure point is geographic concentration: CFR operates exclusively in Texas, so a regional economic downturn would hit earnings without the buffer of national diversification.
Cullen/Frost Bankers, Inc. dividend history shows a CAGR of 5.6% per year from 2011 to 2025. The per-share annual dividend grew from $1.83 to $3.95 over that period (2026 data is a partial year and excluded from this calculation). The smallest annual increase in the window was 1.8% in 2020, which shows that even in a difficult year, CFR did not freeze the dividend.
| Period | CAGR | From | To |
|---|---|---|---|
| 3-Year | +6.8% | $3.24 (2022) | $3.95 (2025) |
| 5-Year | +6.7% | $2.85 (2020) | $3.95 (2025) |
| 10-Year | +6.5% | $2.10 (2015) | $3.95 (2025) |
CFR fits dividend investors who want a low-volatility bank stock with a growing payout and minimal earnings risk. The yield is moderate (2–4%) at 2.5%, sitting above the stock's own 5-year average of 2.15%, which means buyers today are locking in a better entry yield than the historical norm. Twenty-five consecutive years of dividend increases earn CFR Dividend Aristocrat status, a threshold few regional banks reach. The trade-off is straightforward: growth runs at 5.6% annually, which is meaningful but not fast, and the yield itself won't satisfy investors chasing high income. What Cullen/Frost Bankers, Inc. offers instead is a conservative payout ratio, a long increase streak, and a low-beta profile.
CFR is a Dividend Aristocrat with 25 consecutive years of dividend increases.
| Payment Date | Amount per Share |
|---|---|
| 2026-08-31 | $1.0300 |
| 2026-05-29 | $1.0300 |
| 2026-02-27 | $1.0000 |
| 2025-11-28 | $1.0000 |
| 2025-08-29 | $1.0000 |
| 2025-05-30 | $1.0000 |
| 2025-02-28 | $0.9500 |
| 2024-11-29 | $0.9500 |
| 2024-08-30 | $0.9500 |
| 2024-05-31 | $0.9200 |
| Year | Total Dividends |
|---|---|
| 2026 | $3.0600 |
| 2025 | $3.9500 |
| 2024 | $3.7400 |
| 2023 | $3.5800 |
| 2022 | $3.2400 |
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