{"id":78768,"date":"2023-10-31T02:48:59","date_gmt":"2023-10-31T06:48:59","guid":{"rendered":"https:\/\/ifintechworld.com\/uncategorized\/cullen-frost-bankers-boosts-dividend-to-0-92-despite-projected-eps-drop\/"},"modified":"2023-10-31T02:49:04","modified_gmt":"2023-10-31T06:49:04","slug":"cullen-frost-bankers-boosts-dividend-to-0-92-despite-projected-eps-drop","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=78768","title":{"rendered":"Cullen\/Frost Bankers boosts dividend to $0.92 despite projected EPS drop"},"content":{"rendered":"
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\u00a9 Reuters. <\/span>
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Cullen\/Frost Bankers (NYSE:) has announced an increase in its dividend to $0.92, aligning with the industry’s average dividend yield of 4.1%. The new dividend is set for distribution on December 15th. The bank’s current payout ratio stands at 34%, indicating strong dividend coverage by earnings and showcasing the institution’s financial health.<\/p>\n

Despite a projected 16.5% decline in earnings per share (EPS) over the next three years, experts forecast a future payout ratio of 44%, considered sustainable given the bank’s financial status. This projection is based on the bank’s robust track record of dividends, which has shown an annual growth rate of 6.7%. Payouts have risen from $1.92 in 2013 to $3.68 in the most recent fiscal year.<\/p>\n

The company’s EPS has also demonstrated a healthy growth rate of 9.5% per year over the past five years, suggesting substantial potential for future dividend growth despite the anticipated short-term EPS drop. The consistent dividends history and promising growth rate underscore Cullen\/Frost Bankers’ commitment to rewarding its shareholders while maintaining a stable financial footing.<\/p>\n

InvestingPro Insights<\/h2>\n

InvestingPro’s real-time data further illuminates the financial health of Cullen\/Frost Bankers. The bank boasts a market capitalization of $5740M and a P\/E ratio of 8.56 as of Q3 2023, indicating a lower price relative to near-term earnings growth. The revenue growth for the same period stands at an impressive 26.89%, reflecting the bank’s robust financial performance.<\/p>\n

Two key InvestingPro Tips align with the article’s focus on dividends. Firstly, Cullen\/Frost Bankers has a strong track record of raising its dividend, having done so for 31 consecutive years. Secondly, the bank yields a high return on invested capital, which is likely a contributing factor to its ability to consistently increase dividends.<\/p>\n

For more detailed insights, including additional InvestingPro Tips and real-time data, consider subscribing to InvestingPro’s premium service. With a total of 9 tips listed for Cullen\/Frost Bankers alone, the service offers a wealth of information to help guide your investment decisions. Visit InvestingPro Pricing for more information.<\/p>\n

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.<\/em><\/p>\n<\/div>\n

Read the full article here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

\u00a9 Reuters. Cullen\/Frost Bankers (NYSE:) has announced an increase in its dividend to $0.92, aligning with the industry’s average dividend yield of 4.1%. The new dividend is set for distribution on December 15th. The bank’s current payout ratio stands at 34%, indicating strong dividend coverage by earnings and showcasing the institution’s financial health. Despite a […]<\/p>\n","protected":false},"author":1,"featured_media":3401,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"video","meta":{"footnotes":""},"categories":[1],"tags":[83],"class_list":["post-78768","post","type-post","status-publish","format-video","has-post-thumbnail","hentry","category-uncategorized","tag-featured","post_format-post-format-video"],"yoast_head":"\nCullen\/Frost Bankers boosts dividend to $0.92 despite projected EPS drop | iFintechWorld<\/title>\n<meta name=\"description\" content=\"\u00a9 Reuters. 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