On 11/26/13, Cullen/Frost Bankers, Inc.'s 5.375% Non-Cumulative Perpetual Preferred Stock, Series A (CFR.PRA) will trade ex-dividend, for its quarterly dividend of $0.3359, payable on 12/15/13. As a percentage of CFR.PRA's recent share price of $21.27, this dividend works out to approximately 1.58%, so look for shares of CFR.PRA to trade 1.58% lower — all else being equal — when CFR.PRA shares open for trading on 11/26/13. On an annualized basis, the current yield is approximately 6.30%, which compares to an average yield of 5.95% in the "Financial" preferred stock category, according to Preferred Stock Channel.
Ex-Div Reminder For Cullen/Frost Bankers 5.375% Non-Cumulative Perpetual Preferred Stock, Series A
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts
More than 30 investing pros with skin in the game give you actionable insight and investment ideas.