Cullen/Frost Bankers Is a Solid Dividend Reinvestment Stock

Cullen/Frost Bankers (CFR) operates more than 100 financial centers throughout Texas. Since 1868 the company has been providing Texans with commercial and consumer banking products. CFR has a long record of paying safe, rising dividends, making it an excellent choice for a dividend reinvestment portfolio. It's current yield is 3.14 percent ($1.60/$50.98).

The price of CFR is down about 11 percent from its all-time high in set October 2006. And a possible descending triangle, a bearish formation of decreasing highs and stable lows, (price chart) indicates that more price downside could occur.

But this well-managed company does not have significant exposure to subprime mortgages so, hopefully, it will weather the subprime mess without too much more damage to its stock price.

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Posted November 26, 2007.