Cullen/Frost Bankers, Inc. (CFR) Dividend History
CFR latest dividend
$1.03last dividend per share
Ex-dividend dateAug 31Monday, 2026
Payment dateSep 15Tuesday, 2026
The next dividend has not been announced yet.
- 31 yearsof dividend increases
- 1993paying since
- Quarterly4 payments a year
- +6.7%5-year growth a year
- 2.66%forward yield
CFR dividend income calculator
- Dividend income a year
- $412
- Each payment
- $103
- Value of the shares
- $15,505
- Dividend yield
- 2.66%
At the latest close; forward annual dividend $4.12 per share, before tax.
CFR dividends per share by year
Dividends per shareYield at year-end (right axis)
Calendar years by ex-dividend date. Yield = the year's dividends divided by the year-end share price.
CFR dividend safety
Payout ratio (earnings)37.5%
Well covered · of trailing twelve-month earnings paid as dividends
Payout ratio (free cash flow)205.8%
Above free cash flow · of fiscal 2025 free cash flow
Dividend growth (5 years)+6.7%
Growing · a year on average
Years of increases31
Long record · consecutive calendar years with a higher dividend
Descriptive bands, not a rating.
CFR yield on cost
| Bought | Price paid | Yield on cost | Dividends since | % of price |
|---|---|---|---|---|
| 1 year ago | $122.50 | 3.36% | $4.06 | 3.3% |
| 3 years ago | $91.53 | 4.50% | $11.67 | 12.7% |
| 5 years ago | $123.72 | 3.33% | $18.32 | 14.8% |
| 10 years ago | $73.00 | 5.64% | $31.53 | 43.2% |
| 20 years ago | $58.36 | 7.06% | $50.01 | 85.7% |
Today’s forward dividend as a yield on the price paid then, and the dividends one share has paid since (split-adjusted, before tax).
CFR dividend payments
Payment
Each bar is one payment, by ex-dividend month (last 40 payments).
CFR dividends by year
| Year | Dividends per share | Growth | Yield (year-end) | Payments |
|---|---|---|---|---|
| 2025 | $3.95 | +5.6% | 3.12% | 4 |
| 2024 | $3.74 | +4.5% | 2.79% | 4 |
| 2023 | $3.58 | +10.5% | 3.30% | 4 |
| 2022 | $3.24 | +10.2% | 2.42% | 4 |
| 2021 | $2.94 | +3.2% | 2.33% | 4 |
| 2020 | $2.85 | +1.8% | 3.27% | 4 |
| 2019 | $2.80 | +8.5% | 2.86% | 4 |
| 2018 | $2.58 | +14.7% | 2.93% | 4 |
| 2017 | $2.25 | +4.7% | 2.38% | 4 |
| 2016 | $2.15 | +2.4% | 2.44% | 4 |
| 2015 | $2.10 | +3.4% | 3.50% | 4 |
| 2014 | $2.03 | +2.5% | 2.87% | 4 |
| 2013 | $1.98 | +4.2% | 2.66% | 4 |
| 2012 | $1.90 | +3.8% | 3.50% | 4 |
| 2011 | $1.83 | +2.8% | 3.46% | 4 |
| 2010 | $1.78 | +4.1% | 2.91% | 4 |
| 2009 | $1.71 | +3.0% | 3.42% | 4 |
| 2008 | $1.66 | +7.8% | 3.28% | 4 |
| 2007 | $1.54 | +16.7% | 3.04% | 4 |
| 2006 | $1.32 | — | 2.36% | 4 |
CFR dividend history
143 payments| Ex-dividend date | Payment date | Amount | Change | Frequency |
|---|---|---|---|---|
| 2026-08-31 | 2026-09-15 | $1.03 | — | Quarterly |
| 2026-05-29 | 2026-06-15 | $1.03 | +3.0% | Quarterly |
| 2026-02-27 | 2026-03-13 | $1.00 | — | Quarterly |
| 2025-11-28 | 2025-12-15 | $1.00 | — | Quarterly |
| 2025-08-29 | 2025-09-15 | $1.00 | — | Quarterly |
| 2025-05-30 | 2025-06-13 | $1.00 | +5.3% | Quarterly |
| 2025-02-28 | 2025-03-14 | $0.95 | — | Quarterly |
| 2024-11-29 | 2024-12-13 | $0.95 | — | Quarterly |
| 2024-08-30 | 2024-09-13 | $0.95 | +3.3% | Quarterly |
| 2024-05-31 | 2024-06-14 | $0.92 | — | Quarterly |
| 2024-02-28 | 2024-03-15 | $0.92 | — | Quarterly |
| 2023-11-29 | 2023-12-15 | $0.92 | — | Quarterly |
| 2023-08-30 | 2023-09-15 | $0.92 | +5.7% | Quarterly |
| 2023-05-30 | 2023-06-15 | $0.87 | — | Quarterly |
| 2023-02-27 | 2023-03-15 | $0.87 | — | Quarterly |
| 2022-11-29 | 2022-12-15 | $0.87 | — | Quarterly |
Show all 143 payments
| Ex-dividend date | Payment date | Amount | Change | Frequency |
|---|---|---|---|---|
| 2022-08-30 | 2022-09-15 | $0.87 | +16.0% | Quarterly |
| 2022-05-27 | 2022-06-15 | $0.75 | — | Quarterly |
| 2022-02-25 | 2022-03-15 | $0.75 | — | Quarterly |
| 2021-11-29 | 2021-12-15 | $0.75 | — | Quarterly |
| 2021-08-30 | 2021-09-15 | $0.75 | +4.2% | Quarterly |
| 2021-05-27 | 2021-06-15 | $0.72 | — | Quarterly |
| 2021-02-25 | 2021-03-15 | $0.72 | — | Quarterly |
| 2020-11-27 | 2020-12-15 | $0.72 | +1.4% | Quarterly |
| 2020-08-28 | 2020-09-15 | $0.71 | — | Quarterly |
| 2020-05-28 | 2020-06-15 | $0.71 | — | Quarterly |
| 2020-02-27 | 2020-03-13 | $0.71 | — | Quarterly |
| 2019-11-27 | 2019-12-13 | $0.71 | — | Quarterly |
| 2019-08-29 | 2019-09-13 | $0.71 | — | Quarterly |
| 2019-05-30 | 2019-06-14 | $0.71 | +6.0% | Quarterly |
| 2019-02-27 | 2019-03-15 | $0.67 | — | Quarterly |
| 2018-11-29 | 2018-12-14 | $0.67 | — | Quarterly |
| 2018-08-30 | 2018-09-14 | $0.67 | — | Quarterly |
| 2018-05-30 | 2018-06-15 | $0.67 | +17.5% | Quarterly |
| 2018-02-27 | 2018-03-15 | $0.57 | — | Quarterly |
| 2017-11-29 | 2017-12-15 | $0.57 | — | Quarterly |
| 2017-08-29 | 2017-09-15 | $0.57 | — | Quarterly |
| 2017-05-26 | 2017-06-15 | $0.57 | +5.6% | Quarterly |
| 2017-02-24 | 2017-03-15 | $0.54 | — | Quarterly |
| 2016-11-28 | 2016-12-15 | $0.54 | — | Quarterly |
| 2016-08-29 | 2016-09-15 | $0.54 | — | Quarterly |
| 2016-05-26 | 2016-06-15 | $0.54 | +1.9% | Quarterly |
| 2016-02-25 | 2016-03-15 | $0.53 | — | Quarterly |
| 2015-11-25 | 2015-12-15 | $0.53 | — | Quarterly |
| 2015-08-27 | 2015-09-15 | $0.53 | — | Quarterly |
| 2015-05-27 | 2015-06-15 | $0.53 | +3.9% | Quarterly |
| 2015-02-25 | 2015-03-13 | $0.51 | — | Quarterly |
| 2014-11-25 | 2014-12-15 | $0.51 | — | Quarterly |
| 2014-08-27 | 2014-09-15 | $0.51 | — | Quarterly |
| 2014-05-28 | 2014-06-13 | $0.51 | +2.0% | Quarterly |
| 2014-02-26 | 2014-03-14 | $0.5 | — | Quarterly |
| 2013-11-26 | 2013-12-13 | $0.5 | — | Quarterly |
| 2013-08-28 | 2013-09-13 | $0.5 | — | Quarterly |
| 2013-05-29 | 2013-06-14 | $0.5 | +4.2% | Quarterly |
| 2013-02-27 | 2013-03-15 | $0.48 | — | Quarterly |
| 2012-11-28 | 2012-12-14 | $0.48 | — | Quarterly |
| 2012-08-29 | 2012-09-14 | $0.48 | — | Quarterly |
| 2012-05-30 | 2012-06-15 | $0.48 | +4.3% | Quarterly |
| 2012-02-28 | 2012-03-15 | $0.46 | — | Quarterly |
| 2011-11-29 | 2011-12-15 | $0.46 | — | Quarterly |
| 2011-08-30 | 2011-09-15 | $0.46 | — | Quarterly |
| 2011-05-27 | 2011-06-15 | $0.46 | +2.2% | Quarterly |
| 2011-02-25 | 2011-03-15 | $0.45 | — | Quarterly |
| 2010-11-29 | 2010-12-15 | $0.45 | — | Quarterly |
| 2010-08-30 | 2010-09-15 | $0.45 | — | Quarterly |
| 2010-05-27 | 2010-06-15 | $0.45 | +4.7% | Quarterly |
| 2010-02-25 | 2010-03-15 | $0.43 | — | Quarterly |
| 2009-11-27 | 2009-12-15 | $0.43 | — | Quarterly |
| 2009-08-28 | 2009-09-15 | $0.43 | — | Quarterly |
| 2009-05-28 | 2009-06-15 | $0.43 | +2.4% | Quarterly |
| 2009-02-25 | 2009-03-13 | $0.42 | — | Quarterly |
| 2008-11-26 | 2008-12-15 | $0.42 | — | Quarterly |
| 2008-08-27 | 2008-09-15 | $0.42 | — | Quarterly |
| 2008-05-28 | 2008-06-13 | $0.42 | +5.0% | Quarterly |
| 2008-02-27 | 2008-03-14 | $0.4 | — | Quarterly |
| 2007-11-28 | 2007-12-14 | $0.4 | — | Quarterly |
| 2007-08-29 | 2007-09-14 | $0.4 | — | Quarterly |
| 2007-05-30 | 2007-06-15 | $0.4 | +17.6% | Quarterly |
| 2007-02-27 | 2007-03-15 | $0.34 | — | Quarterly |
| 2006-11-29 | 2006-12-15 | $0.34 | — | Quarterly |
| 2006-08-30 | 2006-09-15 | $0.34 | — | Quarterly |
| 2006-05-30 | 2006-06-15 | $0.34 | +13.3% | Quarterly |
| 2006-02-27 | 2006-03-15 | $0.3 | — | Quarterly |
| 2005-11-29 | 2005-12-15 | $0.3 | — | Quarterly |
| 2005-08-30 | 2005-09-15 | $0.3 | — | Quarterly |
| 2005-05-27 | 2005-06-15 | $0.3 | +13.2% | Quarterly |
| 2005-02-25 | 2005-03-15 | $0.265 | — | Quarterly |
| 2004-11-29 | 2004-12-15 | $0.265 | — | Quarterly |
| 2004-08-30 | 2004-09-15 | $0.265 | — | Quarterly |
| 2004-05-27 | 2004-06-15 | $0.265 | +10.4% | Quarterly |
| 2004-02-26 | 2004-03-15 | $0.24 | — | Quarterly |
| 2003-11-26 | 2003-12-15 | $0.24 | — | Quarterly |
| 2003-08-28 | 2003-09-15 | $0.24 | — | Quarterly |
| 2003-05-29 | 2003-06-13 | $0.24 | +9.1% | Quarterly |
| 2003-02-27 | 2003-03-14 | $0.22 | — | Quarterly |
| 2002-12-04 | 2002-12-13 | $0.22 | — | Quarterly |
| 2002-09-04 | 2002-09-13 | $0.22 | — | Quarterly |
| 2002-06-05 | 2002-06-14 | $0.22 | +2.3% | Quarterly |
| 2002-03-06 | 2002-03-15 | $0.215 | — | Quarterly |
| 2001-12-05 | 2001-12-14 | $0.215 | — | Quarterly |
| 2001-09-05 | 2001-09-14 | $0.215 | — | Quarterly |
| 2001-06-06 | 2001-06-15 | $0.215 | +10.3% | Quarterly |
| 2001-03-07 | 2001-03-15 | $0.195 | — | Quarterly |
| 2000-12-06 | 2000-12-15 | $0.195 | — | Quarterly |
| 2000-09-06 | 2000-09-15 | $0.195 | — | Quarterly |
| 2000-06-07 | 2000-06-15 | $0.195 | +11.4% | Quarterly |
| 2000-02-28 | 2000-03-15 | $0.175 | — | Quarterly |
| 1999-11-26 | 1999-12-15 | $0.175 | — | Quarterly |
| 1999-08-30 | 1999-09-15 | $0.175 | — | Quarterly |
| 1999-05-27 | 1999-06-15 | $0.175 | +16.7% | Quarterly |
| 1999-02-24 | 1999-03-15 | $0.15 | — | Quarterly |
| 1998-11-25 | 1998-12-15 | $0.15 | — | Quarterly |
| 1998-08-28 | 1998-09-15 | $0.15 | — | Quarterly |
| 1998-05-27 | 1998-06-15 | $0.15 | +20.0% | Quarterly |
| 1998-02-25 | 1998-03-13 | $0.125 | — | Quarterly |
| 1997-11-25 | 1997-12-15 | $0.125 | — | Quarterly |
| 1997-08-27 | 1997-09-15 | $0.125 | — | Quarterly |
| 1997-05-28 | 1997-06-13 | $0.125 | +19.0% | Quarterly |
| 1997-02-26 | 1997-03-14 | $0.105 | — | Quarterly |
| 1996-11-26 | 1996-12-13 | $0.105 | — | Quarterly |
| 1996-08-28 | 1996-09-13 | $0.105 | — | Quarterly |
| 1996-05-30 | 1996-06-14 | $0.105 | +20.0% | Quarterly |
| 1996-03-07 | 1996-03-15 | $0.0875 | — | Quarterly |
| 1995-11-29 | 1995-12-15 | $0.0875 | — | Quarterly |
| 1995-08-30 | 1995-09-15 | $0.0875 | +59.1% | Quarterly |
| 1995-05-25 | 1995-06-15 | $0.055 | — | Quarterly |
| 1995-02-23 | 1995-03-15 | $0.055 | — | Quarterly |
| 1994-11-25 | 1994-12-15 | $0.055 | +46.7% | Quarterly |
| 1994-08-26 | 1994-09-15 | $0.0375 | — | Quarterly |
| 1994-05-25 | 1994-06-15 | $0.0375 | — | Quarterly |
| 1994-02-23 | 1994-03-15 | $0.0375 | — | Quarterly |
| 1993-11-24 | 1993-12-15 | $0.0375 | −17.8% | Once a year |
| 1987-04-03 | — | $0.0456 | +264.8% | |
| 1986-12-02 | 1986-12-19 | $0.0125 | — | Quarterly |
| 1986-10-07 | 1986-10-28 | $0.0125 | — | Quarterly |
| 1986-07-09 | 1986-07-29 | $0.0125 | −78.7% | Quarterly |
| 1986-04-09 | 1986-04-29 | $0.0587 | — | Quarterly |
| 1985-12-06 | 1985-12-23 | $0.0587 | — | Quarterly |
| 1985-10-08 | 1985-10-29 | $0.0587 | — | Quarterly |
| 1985-07-10 | 1985-07-30 | $0.0587 | — | Quarterly |
| 1985-04-10 | 1985-04-30 | $0.0587 | — | Quarterly |
| 1984-11-30 | 1984-12-20 | $0.0587 | — | Quarterly |
| 1984-10-10 | 1984-10-30 | $0.0587 | — | Quarterly |
Amounts per share, adjusted for stock splits. Highlighted rows are announced but not yet paid.
CFR stock split history
- 2:1June 23, 1999
- 2:1June 24, 1996
- 11:10February 9, 1993
CFR dividend overview
Cullen/Frost Bankers pays an annual dividend of $4.12 per share, a yield of 2.66% at the latest close, paid quarterly. It paid $3.95 per share in 2025, up 5.6% from 2024. It has raised its dividend for 31 consecutive years. Over five years the dividend grew 6.7% a year on average and over ten years 6.5% a year. The payout ratio is 37.5% of trailing earnings.
Related: CFR cash flow statement, CFR key metrics, CFR chart. See the CFR stock overview for the latest quote and news.
CFR dividends FAQ
Does Cullen/Frost Bankers pay a dividend?
Yes. Cullen/Frost Bankers has paid a regular dividend since 1993, quarterly, most recently $1.03 per share with an ex-dividend date of August 31, 2026. It also paid dividends from 1984 to 1987.
What is Cullen/Frost Bankers's dividend yield?
Cullen/Frost Bankers's forward annual dividend is $4.12 per share, a dividend yield of 2.66% at the latest close of $155.05.
How often does Cullen/Frost Bankers pay dividends?
Cullen/Frost Bankers pays dividends quarterly.
How fast is Cullen/Frost Bankers's dividend growing?
Cullen/Frost Bankers's dividend per share grew from $2.85 in 2020 to $3.95 in 2025, 6.7% a year on average over five years; it has increased for 31 years in a row.
What is Cullen/Frost Bankers's dividend payout ratio?
Cullen/Frost Bankers pays out 37.5% of its trailing earnings as dividends and 205.8% of its free cash flow (fiscal 2025).
Has Cullen/Frost Bankers split its stock?
Cullen/Frost Bankers has split its stock 3 times: 2:1 on June 23, 1999, 2:1 on June 24, 1996, 11:10 on February 9, 1993. Dividends per share on this page are adjusted for splits.