As per Cullen/Frost Bankers, Inc. (NYSE:CFR)’s news release on 2016-07-28, its shareholders will get cash dividend of $0.54 per share. The recent press release updated on the record date and payout date, which stands at 2016-08-31 and 2016-09-15, respectively.
The stock will commence trading ex-dividend from 2016-08-29, until, which the shareholders are compelled to keep the holdings so as to qualify for the dividend. Evaluating the dividend distribution mode, it was noted that last year Cullen/Frost Bankers, Inc. (NYSE:CFR) disbursed $0.54 in dividend compared to distribution of $0.54, a year ago.
It highlights a sharp difference in cash payouts of the two years. This shows a major deviation of 3.4483%.
The sell-side market professionals who track the firm’s financial and technical parameters have estimated Cullen/Frost Bankers, Inc. (NYSE:CFR) to attain a price target of $67.576. It is an average estimate figure given by 13 analysts tracking the stock. The estimates disclosed that the stock can move up on the chart and hit a high of $85. The low price range is set at $48 for next year while the arithmetic mean is seen at 3.23.
Eyeing Earnings Cullen/Frost Bankers, Inc. (NYSE:CFR) is likely to post quarterly numbers around 2016-10-26 for the quarter ending 2016-09-30. The quarterly EPS projection is set at $1.15 for the period ending on 2016-09-30.
In last quarter ended 2015-12-31, Cullen/Frost Bankers, Inc. (NYSE:CFR) earnings came at $1.11 suggesting a deviation of $0.07. The brokerages targeted EPS of $1.04 for the quarter.
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