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Cullen/Frost Bankers Non-Cumulative Perpetual Preferred Stock, Series A Goes Ex-Dividend Soon

Shutterstock photo
Shutterstock photo

Shutterstock photo

On 5/26/16, 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 6/15/16. As a percentage of CFR.PRA's recent share price of $26.02, this dividend works out to approximately 1.29%, so look for shares of CFR.PRA to trade 1.29% lower - all else being equal - when CFR.PRA shares open for trading on 5/26/16. On an annualized basis, the current yield is approximately 5.18%, which compares to an average yield of 5.46% 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 2.83% of the SPDR S&P Regional Banking ETF ( KRE ) which is trading relatively unchanged on the day Tuesday.

In Tuesday trading, Cullen/Frost Bankers, Inc.'s 5.375% Non-Cumulative Perpetual Preferred Stock, Series A (Symbol: CFR.PRA) is currently up about 0.3% on the day, while the common shares (Symbol: CFR) are up about 2.1%.

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.

In This Story

KRE CFR.PRA CFR