Comerica Declares Common and Preferred Stock Dividends

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The Board of Directors of Comerica declared a quarterly cash dividend of $0.68 per share for common stock, payable on October 1, 2021, to shareholders on record as of September 15, 2021. Additionally, a dividend of $1,406.25 per share for Series A Preferred Stock was also declared, with the same payment schedule. Comerica, headquartered in Dallas, Texas, reported total assets of $88.4 billion as of June 30, 2021, and operates across multiple states and in Canada and Mexico.

Positive

• Quarterly cash dividend of $0.68 per share increases investor confidence.
• Total assets of $88.4 billion suggest strong financial health.

Negative

• None.

DALLAS, July 27, 2021 /PRNewswire/ -- The Board of Directors of Comerica Incorporated (NYSE: CMA) declared a quarterly cash dividend for common stock of 68 cents ($0.68) per share. The dividend is payable Oct. 1, 2021, to common stock shareholders of record at the close of business on Sept. 15, 2021.

The Board also declared a dividend of $1,406.25 per share (equivalent to $14.0625 per depositary share) on the Series A Non-Cumulative Perpetual Preferred Stock of Comerica Incorporated, payable Oct. 1, 2021, to preferred stock shareholders of record at the close of business on Sept. 15, 2021.

Comerica Incorporated (NYSE: CMA) is a financial services company headquartered in Dallas, Texas, and strategically aligned by three business segments: The Commercial Bank, The Retail Bank, and Wealth Management. Comerica focuses on relationships, and helping people and businesses be successful. In addition to Texas, Comerica Bank locations can be found in Arizona, California, Florida and Michigan, with select businesses operating in several other states, as well as in Canada and Mexico. Comerica reported total assets of $88.4 billion at June 30, 2021.

 

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SOURCE Comerica Incorporated

FAQ

What is the dividend amount declared by Comerica for common stock?

Comerica declared a quarterly cash dividend of $0.68 per share for common stock.

When is the dividend payment date for Comerica's common stock?

The dividend for common stock is payable on October 1, 2021.

What is the record date to receive the dividend for Comerica's common stock?

The record date to receive the dividend is September 15, 2021.

What is the dividend amount declared for Series A Preferred Stock?

Comerica declared a dividend of $1,406.25 per share for Series A Preferred Stock.

When is the dividend payment date for Comerica's Series A Preferred Stock?

The dividend for Series A Preferred Stock is payable on October 1, 2021.