Cullen/Frost Bankers, Inc.
CFR31 yrs growthFinancial Services · Stock · quarterly payer
Forward Yield
2.53%
Annual Dividend
$4.12
Payout Ratio
38%
5-Yr Growth
6.7%
Ex-Date
Aug 31, 2026
Frequency
Quarterly
Summary
As of September 2026, Cullen/Frost Bankers, Inc. (CFR) yields 2.53% ($4.12 per share annually), with a blended fair-value estimate of $234.62 — +44% upside, so it screens as undervalued. Dividend safety grade: A (94/100). 31 years of dividend growth.
Is CFR a good dividend stock?
YesCullen/Frost Bankers, Inc. (CFR) pays a quarterly dividend yielding 2.53% ($4.12/yr), with 31 years of growth and a dividend-safety grade of A. It scores well across payout coverage, growth history and safety — a dependable income holding.
Advantages
- Dividend Aristocrat — 31 consecutive years of growth
- Never cut its dividend on record
- Comfortable payout ratio (38%)
- Strong 6.7% 5-yr dividend growth
- Top-tier dividend safety score
Risks
- Single-stock concentration risk — diversify
Key Data
- Dividend Yield
- 2.53%
- Payout Ratio
- 38%
- Annual Dividend
- $4.12
- 5-Yr Avg Growth
- 6.7%
- Ex-Dividend Date
- Aug 31, 2026
- Years of Growth
- 31
- Frequency
- quarterly
- Beta
- 0.51
- Market Cap
- $10.1B
- P/E Ratio
- 15.4
- 5-Yr Total Return
- 37%
- 52-Week Range
- $119.00 – $170.80
- Dividend Safety
- A · 94/100
- Ever Cut?
- No
Frequently Asked Questions
CFR Price — Last 12 Months
Daily close
Price Return
1 Year
+29%
3 Years
+79%
5 Years
+37%
52-Week Range
$119.00 – $170.80
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is CFR worth?
Undervaluedmedium confidenceOur blended fair-value estimate for Cullen/Frost Bankers, Inc. is $234.62 per share, versus a market price of $162.92. That implies 44% of upside — a margin of safety of about 31%.
Fair Value
$234.62
Current Price
$162.92
Upside
+44%
Margin of Safety
31%
How we get there
Discounted cash flow
Discounts projected free cash flow back to today.
Dividend discount
Discounts the future dividend stream back to today.
Earnings multiple (Graham)
Graham's earnings-multiple formula, anchored to bond yields.
At today's price, the market is pricing in about 0.4% annual free-cash-flow growth. We model 11.7% — below our estimate, leaving room for upside if the business executes.
Assumptions: 7.0% discount rate (CAPM), 11.7% stage-1 growth, 2.5% terminal growth, $10.57 EPS, $4.12 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
CFR Dividend Safety Score
Very Safe
SmarterDividends' proprietary score, backtested against which dividends were actually cut over 15+ years (0.78 AUC). It blends a validated cut-risk model (growth streak, cut history) with current payout, cash-flow and debt. Higher is safer · not investment advice.
Dividend Growth
Total dividends per share by year
Dividend History
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| Aug 31, 2026 | — | $1.0300 | regular |
| May 29, 2026 | — | $1.0300 | regular |
| Feb 27, 2026 | — | $1.0000 | regular |
| Nov 28, 2025 | — | $1.0000 | regular |
| Aug 29, 2025 | — | $1.0000 | regular |
| May 30, 2025 | — | $1.0000 | regular |
| Feb 28, 2025 | — | $0.9500 | regular |
| Nov 29, 2024 | — | $0.9500 | regular |
| Aug 30, 2024 | — | $0.9500 | regular |
| May 31, 2024 | — | $0.9200 | regular |
| Feb 28, 2024 | — | $0.9200 | regular |
| Nov 29, 2023 | — | $0.9200 | regular |
| Aug 30, 2023 | — | $0.9200 | regular |
| May 30, 2023 | — | $0.8700 | regular |
Income Calculator
At $4.12 / yr per share
