Comerica Declares Common and Preferred Stock Dividends

Rhea-AI Summary

The Board of Directors of Comerica Incorporated (NYSE: CMA) declared a quarterly cash dividend of $0.68 per share on common stock, payable on Jan. 1, 2022, to shareholders of record by Dec. 15, 2021. Additionally, a dividend of $1,406.25 per share on Series A Non-Cumulative Perpetual Preferred Stock will also be payable on the same date. As of Sept. 30, 2021, Comerica reported total assets of $94.5 billion. The company operates across various states and has a focus on strengthening relationships within its three business segments: Commercial Bank, Retail Bank, and Wealth Management.

Positive

• Quarterly cash dividend of $0.68 per share indicates financial stability.
• Total assets reported at $94.5 billion as of Sept. 30, 2021, showcasing strong financial health.

Negative

• None.

DALLAS, Nov. 2, 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 Jan. 1, 2022, to common stock shareholders of record at the close of business on Dec. 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 Jan. 1, 2022, to preferred stock shareholders of record at the close of business on Dec. 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 $94.5 billion as of Sept. 30, 2021.

 

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SOURCE Comerica Incorporated

FAQ

What is the dividend amount declared by Comerica on Nov. 2, 2021?

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

When will the dividend be paid to shareholders?

The dividend will be payable on Jan. 1, 2022.

What is the record date for the dividend payment?

The record date for the dividend payment is Dec. 15, 2021.

What is the dividend for the Series A Non-Cumulative Perpetual Preferred Stock?

The dividend for the Series A Non-Cumulative Perpetual Preferred Stock is $1,406.25 per share.

How do Comerica's total assets as of Sept. 30, 2021, reflect its financial position?

Comerica reported total assets of $94.5 billion, highlighting its strong financial health.