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.

TheStreet Ratings rates Cullen Frost as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth and expanding profit margins. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. You can view the full Cullen Frost Ratings Report.

See our dividend calendar or top-yielding stocks list.
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