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NEW YORK ( TheStreet) -- The ex-dividend date for Cullen Frost Bankers (NYSE: CFR) is tomorrow, November 29, 2011. Owners of shares as of market close today will be eligible for a dividend of 46 cents per share. At a price of $48.41 as of 9:30 a.m. ET, the dividend yield is 3.9%. The average volume for Cullen Frost has been 682,900 shares per day over the past 30 days. Cullen Frost has a market cap of $2.99 billion and is part of the financial sector and banking industry. Shares are down 22.9% year to date as of the close of trading on Friday. Cullen/Frost Bankers, Inc., through its subsidiaries, provides various banking and financial products and services primarily in Texas. The company has a P/E ratio of 13.4, below the average banking industry P/E ratio of 13.8 and below the S&P 500 P/E ratio of 17.7.