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Cullen/Frost Bankers Non-Cumulative Perpetual Preferred Stock, Series A About To Put More Money In Your Pocket

On 2/25/15, Cullen/Frost Bankers, Inc.'s 5.375% Non-Cumulative Perpetual Preferred Stock, Series A (Symbol: CFR.PRA) will trade ex-dividend, for its quarterly dividend of $0.3359, payable on 3/15/15. As a percentage of CFR.PRA's recent share price of $24.87, this dividend works out to approximately 1.35%, so look for shares of CFR.PRA to trade 1.35% lower - all else being equal - when CFR.PRA shares open for trading on 2/25/15. On an annualized basis, the current yield is approximately 5.42%, which compares to an average yield of 5.77% in the "Financial" preferred stock category, according to Preferred Stock Channel . The chart below shows the one year performance of CFR.PRA shares, versus CFR:

Performance Comparison Chart

Below is a dividend history chart for CFR.PRA, showing historical dividends prior to the most recent $0.3359 on Cullen/Frost Bankers, Inc.'s 5.375% Non-Cumulative Perpetual Preferred Stock, Series A :

CFR.PRA+Dividend+History+Chart

According to the ETF Finder at ETF Channel, Cullen/Frost Bankers, Inc. (Symbol: CFR) makes up 2.80% of the ProShares S&P MidCap 400 Dividend Aristocrats ETF ( REGL ) which is trading relatively unchanged on the day Monday.

In Monday trading, Cullen/Frost Bankers, Inc.'s 5.375% Non-Cumulative Perpetual Preferred Stock, Series A (Symbol: CFR.PRA) is currently up about 0.4% on the day, while the common shares (Symbol: CFR) are down about 0.5%.

Click here to learn which S.A.F.E. dividend stocks also have preferred shares that should be on your radar screen »

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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