CFR-B Cullen/Frost Bankers, Inc. ADRs of 4.450% non-cumulative preferred Series B

We will pay dividends on the Preferred Stock, when, as, and if declared by our board of directors or a duly authorized committee of the board and to the extent that we have lawfully available funds to pay dividends. If declared, dividends will accrue and be payable on the liquidation preference amount, on a non-cumulative basis, at a rate of 4.450% per annum, quarterly, in arrears, on March 15, June 15, September 15 and December 15 of each year, beginning on March 15, 2021, from and including the date we first issue shares of Preferred Stock. We may redeem the Preferred Stock at our option in whole or in part, from time to time, on any dividend payment date on or after December 15, 2025.  This security was issued by Cullen Frost Bankers Inc, whose common stock symbol is CFR.

$19.22  +0.03 (0.16%)
As of 07/01/2022 14:46:38 EST     IEX book   CBOE book

Security Information
Category1:  US Equity
Category2:  Preferred stocks
Category3:  Non-convertible
GICS sector:  Financials
Industry:  Banks-Regional
Index country:  USA
Country of incorporation:  USA
IPO date:  11/25/2020
Outstanding shares:  6,000,000
Average volume:  13,844
Market cap:   $115,320,000
Current dividend yield:  5.79%    calculation
Coupon rate:    4.450%
Cumulative:    No
Liquidation value:   $25.00
Callable after:   12/15/2025
Maturity date:    n/a - perpetual
Prospectus:    Read on
All SEC filings:     SEC Edgar Online
Quarterly filings:   10-Q
Annual filings:      10-K
Sedol:      BNKVVC2

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