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
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