Cullen/Frost Bankers (CFR) Dividend History & Yield
Cullen/Frost Bankers (CFR) has increased its dividend for 33 consecutive years and currently yields 3.23%. The most recent payment was $1.0000/share on Feb 27, 2026, paid Quarterly.
Current Yield
3.23%
TTM Dividend/Share
$4.00
Payment Frequency
Quarterly
Payout Ratio
40.3%
Consecutive Growth Years
33
Div Growth (1Y CAGR)
5.61%
Div Growth (5Y CAGR)
6.75%
Div Growth (10Y CAGR)
6.52%
Dividend Safety Score
4 out of 5 checks passed
Payout ratio below 75%
Payout ratio is 40.3%, well below the 75% threshold.
Free cash flow covers dividend
FCF/share ($1.99) does not fully cover dividend/share ($4.00).
No dividend cuts in 10+ years
No dividend cuts in the last 10 years.
Positive earnings growth trend
Earnings per share have grown over the past 5 years.
10+ years of consecutive growth
33 consecutive years of dividend growth.
Dividend Payment History
Ex-date Feb 27, 2026
- Payment date
- Mar 13, 2026
- Dividend
- $1.0000
- Adj. dividend
- $1.0000
Ex-date Nov 28, 2025
- Payment date
- Dec 15, 2025
- Dividend
- $1.0000
- Adj. dividend
- $1.0000
Ex-date Aug 29, 2025
- Payment date
- Sep 15, 2025
- Dividend
- $1.0000
- Adj. dividend
- $1.0000
Ex-date May 30, 2025
- Payment date
- Jun 13, 2025
- Dividend
- $1.0000
- Adj. dividend
- $1.0000
Ex-date Feb 28, 2025
- Payment date
- Mar 14, 2025
- Dividend
- $0.9500
- Adj. dividend
- $0.9500
Ex-date Nov 29, 2024
- Payment date
- Dec 13, 2024
- Dividend
- $0.9500
- Adj. dividend
- $0.9500
Ex-date Aug 30, 2024
- Payment date
- Sep 13, 2024
- Dividend
- $0.9500
- Adj. dividend
- $0.9500
Ex-date May 31, 2024
- Payment date
- Jun 14, 2024
- Dividend
- $0.9200
- Adj. dividend
- $0.9200
Ex-date Feb 28, 2024
- Payment date
- Mar 15, 2024
- Dividend
- $0.9200
- Adj. dividend
- $0.9200
Ex-date Nov 29, 2023
- Payment date
- Dec 15, 2023
- Dividend
- $0.9200
- Adj. dividend
- $0.9200
Ex-date Aug 30, 2023
- Payment date
- Sep 15, 2023
- Dividend
- $0.9200
- Adj. dividend
- $0.9200
Ex-date May 30, 2023
- Payment date
- Jun 15, 2023
- Dividend
- $0.8700
- Adj. dividend
- $0.8700
| Ex-Date | Payment Date | Dividend | Adj. Dividend |
|---|---|---|---|
| Feb 27, 2026 | Mar 13, 2026 | $1.0000 | $1.0000 |
| Nov 28, 2025 | Dec 15, 2025 | $1.0000 | $1.0000 |
| Aug 29, 2025 | Sep 15, 2025 | $1.0000 | $1.0000 |
| May 30, 2025 | Jun 13, 2025 | $1.0000 | $1.0000 |
| Feb 28, 2025 | Mar 14, 2025 | $0.9500 | $0.9500 |
| Nov 29, 2024 | Dec 13, 2024 | $0.9500 | $0.9500 |
| Aug 30, 2024 | Sep 13, 2024 | $0.9500 | $0.9500 |
| May 31, 2024 | Jun 14, 2024 | $0.9200 | $0.9200 |
| Feb 28, 2024 | Mar 15, 2024 | $0.9200 | $0.9200 |
| Nov 29, 2023 | Dec 15, 2023 | $0.9200 | $0.9200 |
| Aug 30, 2023 | Sep 15, 2023 | $0.9200 | $0.9200 |
| May 30, 2023 | Jun 15, 2023 | $0.8700 | $0.8700 |
Historical Dividend Yield
Dividend Growth
Dividend Increase Track Record
Cullen/Frost Bankers has raised its total annual dividend (split-adjusted, by ex-dividend calendar year) versus the prior year for 33 consecutive years — the same figure as the "Consecutive Growth Years" card above.
| Year | Previous DPS | New DPS | Change |
|---|---|---|---|
| 2026 | $3.9500 | — | — |
| 2025 | $3.7400 | $3.9500 | +5.6% |
| 2024 | $3.5800 | $3.7400 | +4.5% |
| 2023 | $3.2400 | $3.5800 | +10.5% |
| 2022 | $2.9400 | $3.2400 | +10.2% |
| 2021 | $2.8500 | $2.9400 | +3.2% |
| 2020 | $2.8000 | $2.8500 | +1.8% |
| 2019 | $2.5800 | $2.8000 | +8.5% |
| 2018 | $2.2500 | $2.5800 | +14.7% |
| 2017 | $2.1500 | $2.2500 | +4.7% |
| 2016 | $2.1000 | $2.1500 | +2.4% |
| 2015 | $2.0300 | $2.1000 | +3.4% |
| 2014 | $1.9800 | $2.0300 | +2.5% |
| 2013 | $1.9000 | $1.9800 | +4.2% |
| 2012 | $1.8300 | $1.9000 | +3.8% |
| 2011 | $1.7800 | $1.8300 | +2.8% |
| 2010 | $1.7100 | $1.7800 | +4.1% |
| 2009 | $1.6600 | $1.7100 | +3.0% |
| 2008 | $1.5400 | $1.6600 | +7.8% |
| 2007 | $1.3200 | $1.5400 | +16.7% |
| 2006 | $1.1650 | $1.3200 | +13.3% |
| 2005 | $1.0350 | $1.1650 | +12.6% |
| 2004 | $0.9400 | $1.0350 | +10.1% |
| 2003 | $0.8750 | $0.9400 | +7.4% |
| 2002 | $0.8400 | $0.8750 | +4.2% |
| 2001 | $0.7600 | $0.8400 | +10.5% |
| 2000 | $0.6750 | $0.7600 | +12.6% |
| 1999 | $0.5750 | $0.6750 | +17.4% |
| 1998 | $0.4800 | $0.5750 | +19.8% |
| 1997 | $0.4025 | $0.4800 | +19.3% |
| 1996 | $0.2850 | $0.4025 | +41.2% |
| 1995 | $0.1675 | $0.2850 | +70.1% |
| 1994 | $0.1500 | $0.1675 | +11.7% |
| 1993 | $0.0456 | $0.1500 | +228.9% |
| 1987 | $0.3504 | $0.0456 | -87.0% |
| 1986 | $0.8544 | $0.3504 | -59.0% |
| 1985 | — | $0.8544 | — |
DPS sums split-adjusted amounts (adj. dividend) by ex-dividend calendar year—the same basis as the Adj. Dividend column in Dividend Payment History. The Dividend column can differ after stock splits. This table uses four decimals per annual total so the Change column matches the shown amounts; each payment row in Dividend Payment History also uses four.
Frequently asked questions
Does Cullen/Frost Bankers pay dividends?
- Yes, Cullen/Frost Bankers (CFR) pays quarterly dividends of approximately $4.00 per share annually, yielding 3.23%.
What is Cullen/Frost Bankers's dividend yield?
- Cullen/Frost Bankers (CFR) has a current dividend yield of 3.23%.
Is Cullen/Frost Bankers's dividend safe?
- Cullen/Frost Bankers (CFR) passes 4 out of 5 dividend safety checks. See the detailed breakdown above for each criterion.
How many consecutive years has Cullen/Frost Bankers increased its dividend?
- Cullen/Frost Bankers (CFR) has 33 consecutive years of dividend increases.
What is Cullen/Frost Bankers's dividend payout ratio?
- Cullen/Frost Bankers (CFR) has a dividend payout ratio of 40.3%. Trailing twelve months (GAAP): adjusted dividends over roughly 12 months aligned with the latest reported quarter, divided by the sum of diluted EPS from the last four fiscal quarters (not NII or taxable income for BDCs/REITs).
Explore more
CFR — Overview
Company profile, financial tools, and key metrics
CFR — Buybacks
Repurchase history, shareholder yield, and SBC vs buybacks
CFR — Dividend Calculator
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CFR — Dividend Forecast
Project future income with DRIP and growth rates
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