SAN ANTONIO, April 24, 2014 /PRNewswire/ -- 3/4 The Cullen/Frost Bankers, Inc. board of directors declared a second quarter cash dividend of $.51 per common share, an increase from the previous dividend of $.50 per common share. The dividend is payable June 13, 2014 to shareholders of record on May 30 of this year.
"We are pleased to announce a one-cent per share increase in our cash dividend and appreciate the confidence and support of our shareholders," said Cullen/Frost Chairman and CEO Dick Evans. "This marks the 20th consecutive year that we have increased the dividend."
The Cullen/Frost Bankers, Inc. board of directors also declared a cash dividend of $.4479167 per share of the Noncumulative Perpetual Preferred Stock, Series A, which is traded on the NYSE under the symbol "CFR PrA." The Series A Preferred Stock dividend is payable on June 15, 2014, to shareholders of record on May 30 of this year.
Cullen/Frost Bankers, Inc. (NYSE: CFR) is a financial holding company, headquartered in San Antonio, with $24.7 billion in assets at March 31, 2014. Among the top 50 largest U.S. banks and one of 24 banks included in the KBW Bank Index, Frost provides a wide range of banking, investments and insurance services to businesses and individuals across Texas in the Austin, Corpus Christi, Dallas, Fort Worth, Houston, Rio Grande Valley and San Antonio regions. Founded in 1868, Frost has helped clients with their financial needs during three centuries. Additional information is available at frostbank.com.