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Understanding Cullen/Frost Bankers's Ex-Dividend Date

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On October 29, 2020, Cullen/Frost Bankers (NYSE: CFR) declared a dividend payable on December 15, 2020 to its shareholders. Cullen/Frost Bankers also announced that shareholders on the company's books on or before November 30, 2020 are entitled to the dividend. The stock will then go ex-dividend 1 business day(s) before the record date. Cullen/Frost Bankers has an ex-dividend date set for for November 27, 2020. The company's current dividend payout is $0.72, which equates to a dividend yield of 4.33% at current price levels.

The Significance Of An Ex-Dividend Date

An ex-dividend date signals when a company's shares cease to trade with its current dividend payout. There is a small intermission period before the company announces a new dividend. Usually, a company's ex-dividend date falls one business day before its record date. Investors should keep this in mind when purchasing stocks because buying them on or after ex-dividend dates does not qualify them to receive the declared payment. Newly declared dividends go to shareholders who have owned that stock before the ex-dividend date. Most ex-dividend dates operate on a quarterly basis.

Understanding Cullen/Frost Bankers's Dividend History

Over the past year, Cullen/Frost Bankers has experienced an overall upward trend regarding its dividend payouts and yields. Last year on November 27, 2019 the company's payout was $0.71, which has since grown by $0.01. Similarly, Cullen/Frost Bankers's dividend yield in last year was 3.05%, which has since grown by 1.28%.
Companies use dividend yields in different strategic ways. Some companies may opt to not give yields altogether to reinvest in themselves. Other companies may opt to increase or decrease their yield amounts to control how their shares circulate throughout the stock market.

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Posted-In: Dividends