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NEW YORK ( TheStreet) -- The ex-dividend date for Cullen Frost Bankers (NYSE: CFR) is tomorrow, February 28, 2012. Owners of shares as of market close today will be eligible for a dividend of 46 cents per share. At a price of $56.72 as of 9:30 a.m. ET, the dividend yield is 3.2%. The average volume for Cullen Frost has been 581,900 shares per day over the past 30 days. Cullen Frost has a market cap of $3.5 billion and is part of the financial sector and banking industry. Shares are up 7.6% year to date as of the close of trading on Friday. Cullen/Frost Bankers, Inc. operates as the holding company for The Frost National Bank that offers commercial and consumer banking, and other financial products and services primarily in Texas. The company has a P/E ratio of 16.2, equal to the average banking industry P/E ratio and below the S&P 500 P/E ratio of 17.7.