Cullen Frost Stock To Go Ex-dividend Tomorrow (CFR)

NEW YORK ( TheStreet) -- The ex-dividend date for Cullen Frost Bankers (NYSE: CFR) is tomorrow, May 30, 2012. Owners of shares as of market close today will be eligible for a dividend of 48 cents per share. At a price of $57.84 as of 9:30 a.m. ET, the dividend yield is 3.3%.

The average volume for Cullen Frost has been 535,100 shares per day over the past 30 days. Cullen Frost has a market cap of $3.53 billion and is part of the financial sector and banking industry. Shares are up 8.7% 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 15.6, equal to the average banking industry P/E ratio 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, growth in earnings per share, increase in net income, expanding profit margins and good cash flow from operations. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. You can view the full Cullen Frost Ratings Report.

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