DALLAS, July 25, 2023 /PRNewswire/ -- The Board of Directors of Comerica Incorporated (NYSE: CMA) declared a quarterly cash dividend for common stock of 71 cents ($0.71) per share. The dividend is payable Oct. 1, 2023, to common stock shareholders of record at the close of business on Sept. 15, 2023.
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, 2023, to preferred stock shareholders of record at the close of business on Sept. 15, 2023.
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, one of the 25 largest U.S. financial holding companies, focuses on building relationships and helping people and businesses be successful. Comerica provides more than 400 banking centers across the country with locations in Arizona, California, Florida, Michigan and Texas. Founded 174 years ago in Detroit, Michigan, Comerica continues to expand into new regions, including its Southeast Market, based in North Carolina, and Mountain West Market in Colorado. Comerica has offices in 17 states and services 14 of the 15 largest U.S. metropolitan areas, as well as Canada and Mexico. Comerica reported total assets of $90.8 billion at June 30, 2023. Learn more about how Comerica is raising expectations of what a bank can be by visiting www.comerica.com, and follow us on Facebook, Twitter, Instagram and LinkedIn.
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SOURCE Comerica Incorporated
FAQ
What is the quarterly cash dividend declared for common stock by Comerica Incorporated?
The Board of Directors of Comerica Incorporated declared a quarterly cash dividend of 71 cents ($0.71) per share for common stock.
When is the dividend payable for common stock shareholders of Comerica Incorporated?
The dividend for common stock shareholders is payable on Oct. 1, 2023, to shareholders of record at the close of business on Sept. 15, 2023.
What is the dividend declared on the Series A Non-Cumulative Perpetual Preferred Stock of Comerica Incorporated?
The Board 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, payable on Oct. 1, 2023, to preferred stock shareholders of record at the close of business on Sept. 15, 2023.
Where is Comerica Incorporated headquartered and what are its business segments?
Comerica Incorporated is headquartered in Dallas, Texas, and is strategically aligned by three business segments: The Commercial Bank, The Retail Bank, and Wealth Management.
What are the total assets reported by Comerica Incorporated as of June 30, 2023?
Comerica reported total assets of $90.8 billion at June 30, 2023.
