Cullen/Frost Bankers (CFR) Dividend History & Yield
Dividend ChampionCullen/Frost Bankers (CFR) has increased its dividend for 33 consecutive years and currently yields 2.87%. The most recent dividend was $1.0000/share on Mar 13, 2026, paid Quarterly.
Current Yield
2.87%
TTM Dividend/Share
$4.00
Payment Frequency
Quarterly
Payout Ratio
38.9%
Consecutive Growth Years
33 (Dividend Champion)
Div Growth (1Y CAGR)
5.61%
Div Growth (5Y CAGR)
6.75%
Div Growth (10Y CAGR)
6.52%
CFR: compare the "Now" marker to the 1Y / 3Y / 5Y averages on the scale. One valuation signal among many — review fundamentals before investing.
Dividend health
Chowder score
9.6%
FCF payout ratio
8.6%
Net debt / EBITDA
4.5x
Interest coverage
1.21x
ROIC (TTM)
13.3%
Dividend Safety Score
6 out of 8 checks passed
Payout ratio below 75%
Payout ratio is 38.9%, 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.
FCF payout ratio below 70%
FCF payout ratio is 8.6%, below the 70% threshold.
Net Debt/EBITDA below 3x
Net Debt/EBITDA is 4.5x.
Dividend growth ≤ earnings growth (5Y)
Dividend growth (6.7%) ≤ EPS growth (8.1%) — sustainable.
Per-payment dividend history
Ex-date May 29, 2026
- Payment date
- Jun 15, 2026
- Dividend
- $1.0300
- Adj. dividend
- $1.0300
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 | Payment Date | Dividend | Adj. Dividend |
|---|---|---|---|
| May 29, 2026 | Jun 15, 2026 | $1.0300 | $1.0300 |
| 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 |
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.
Cash dividends paid (USD) — TTM and history
Trailing-twelve-month and annual common dividends paid for Cullen/Frost Bankers (CFR) from the consolidated cash flow statement, in USD as filed.
Latest period
$257.70M
YoY change
+5.3%
5Y CAGR
+7.2%
Peak year (2025)
$255.36M
Latest annual
$255.36M
Cash dividends paid over time for Cullen/Frost Bankers (CFR)
Per-period cash dividends paid
Cash dividends paid annual + quarterly history for Cullen/Frost Bankers (CFR)
| Fiscal year | Period ended | Reported | Dividends Paid | YoY | YoY change |
|---|---|---|---|---|---|
| 2025 | $255.36M | +5.3% | +$12.91M | ||
| 2024 | $242.45M | +4.4% | +$10.12M | ||
| 2023 | $232.32M | +10.7% | +$22.54M | ||
| 2022 | $209.78M | +11.1% | +$20.99M | ||
| 2021 | $188.79M | +4.5% | +$8.20M | ||
| 2020 | $180.58M | +2.0% | +$3.58M | ||
| 2019 | $177.01M | +7.0% | +$11.56M | ||
| 2018 | $165.45M | +14.8% | +$21.28M | ||
| 2017 | $144.17M | +6.9% | +$9.27M | ||
| 2016 | $134.90M | +2.1% | +$2.74M | ||
| 2015 | $132.16M | +3.9% | +$4.98M | ||
| 2014 | $127.18M | +6.3% | +$7.56M | ||
| 2013 | $119.62M | +2.4% | +$2.77M | ||
| 2012 | $116.85M | +4.1% | +$4.64M | ||
| 2011 | $112.21M | +3.9% | +$4.18M | ||
| 2010 | $108.03M | +5.8% | +$5.90M | ||
| 2009 | $102.13M | +4.1% | +$3.98M | ||
| 2008 | $98.15M | +8.1% | +$7.33M | ||
| 2007 | $90.82M | +23.7% | +$17.42M | ||
| 2006 | $73.40M | +19.4% | +$11.90M | ||
| 2005 | $61.50M | +14.3% | +$7.72M | ||
| 2004 | $53.78M | +10.9% | +$5.30M | ||
| 2003 | $48.48M | +8.4% | +$3.75M | ||
| 2002 | $44.74M | +3.3% | +$1.44M | ||
| 2001 | $43.30M | +9.5% | +$3.74M | ||
| 2000 | $39.55M | +9.9% | +$3.55M | ||
| 1999 | $36.00M | +18.0% | +$5.50M | ||
| 1998 | $30.50M | +36.8% | +$8.20M | ||
| 1997 | $22.30M | +18.6% | +$3.50M | ||
| 1996 | $18.80M | +48.0% | +$6.10M | ||
| 1995 | $12.70M | +71.6% | +$5.30M | ||
| 1994 | $7.40M | +335.3% | +$5.70M | ||
| 1993 | $1.70M | — | +$1.70M | ||
| 1992 | $0 | — | $0 | ||
| 1991 | $0 | — | $0 | ||
| 1990 | $0 | — | $0 | ||
| 1989 | $0 | — | — |
As of the 2025 fiscal year, Cullen/Frost Bankers (CFR) reported dividends paid of $255.36M – grew 5.3% year-over-year.
Through 2020–2025 (5 years), Cullen/Frost Bankers dividends paid delivered a +7.2% annualised rate; sustaining 33 straight years of year-over-year growth.
Across the available history, dividends paid reached its high of $255.36M in 2025 and its low of $0 in 1989.
Cullen/Frost Bankers (CFR) sits 8th of 8 Financial Services peers we track on this metric, against a peer median of $5.36B.
Cullen/Frost Bankers Dividends Paid 2025: $255.36M
Cullen/Frost Bankers dividends paid in 2025 was $255.36M, grew 5.3% from 2024. This figure represents the highest annual value in the available history.
Cullen/Frost Bankers Dividends Paid 2024: $242.45M
Cullen/Frost Bankers dividends paid in 2024 was $242.45M, edged up 4.4% from 2023.
Cullen/Frost Bankers Dividends Paid 2023: $232.32M
Cullen/Frost Bankers dividends paid in 2023 was $232.32M, grew 10.7% from 2022.
Cullen/Frost Bankers Dividends Paid 2022: $209.78M
Cullen/Frost Bankers dividends paid in 2022 was $209.78M, grew 11.1% from 2021.
Cullen/Frost Bankers Dividends Paid 2021: $188.79M
Cullen/Frost Bankers dividends paid in 2021 was $188.79M.
See more financial history for Cullen/Frost Bankers (CFR).
Sector peers by dividends paid
Companies in the same sector as Cullen/Frost Bankers, ranked by their latest dividends paid.
| Company | Dividends Paid | Sector |
|---|---|---|
| JPMorgan Chase (JPM) | $16.63B | Financial Services |
| Bank of America (BAC) | $9.56B | Financial Services |
| Morgan Stanley (MS) | $6.59B | Financial Services |
| Wells Fargo (WFC) | $5.43B | Financial Services |
| Goldman Sachs (GS) | $5.28B | Financial Services |
| Visa (V) | $4.63B | Financial Services |
| Mastercard (MA) | $2.76B | Financial Services |
| Berkshire Hathaway (BRK-B) | $0 | Financial Services |
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 2.87%.
What is Cullen/Frost Bankers's dividend yield?
Cullen/Frost Bankers (CFR) has a current dividend yield of 2.87%.
Is Cullen/Frost Bankers's dividend safe?
Cullen/Frost Bankers (CFR) passes 6 out of 8 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 38.9%. 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).
What is Cullen/Frost Bankers's dividends paid?
Latest reported dividends paid for Cullen/Frost Bankers (CFR) is $257.70M (period ending March 31, 2026).
How has Cullen/Frost Bankers dividends paid changed year-over-year?
Cullen/Frost Bankers (CFR) dividends paid changed +5.3% year-over-year on the latest annual filing.
What is the long-term growth rate of Cullen/Frost Bankers dividends paid?
Cullen/Frost Bankers (CFR) dividends paid compound annual growth rate is +7.2% over the most recent 5 years available.
When did Cullen/Frost Bankers dividends paid hit its highest annual value?
Cullen/Frost Bankers dividends paid reached its highest annual value of $255.36M in 2025.
What was Cullen/Frost Bankers dividends paid in 2024?
Cullen/Frost Bankers (CFR) dividends paid in 2024 was $242.45M.
What was Cullen/Frost Bankers dividends paid in 2025?
Cullen/Frost Bankers (CFR) dividends paid in 2025 was $255.36M.
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