STOCK TITAN

Comerica Declares Common and Preferred Stock Dividends

Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Neutral)
Tags
dividends
Rhea-AI Summary

The Board of Directors of Comerica Incorporated (NYSE: CMA) declared a quarterly cash dividend of 68 cents per share, payable on October 1, 2022, to shareholders on record by September 15, 2022. Additionally, a dividend of $1,406.25 per share on Series A Non-Cumulative Perpetual Preferred Stock was announced, also payable on October 1, 2022. Comerica reported total assets of $86.9 billion as of June 30, 2022.

Positive
  • Quarterly cash dividend of $0.68 per common share announced.
  • $1,406.25 dividend per preferred share highlights strong shareholder returns.
  • Total assets of $86.9 billion indicate financial stability.
Negative
  • None.

DALLAS, July 26, 2022 /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, 2022, to common stock shareholders of record at the close of business on Sept. 15, 2022.

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, 2022, to preferred stock shareholders of record at the close of business on Sept. 15, 2022.

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 $86.9 billion as of June 30, 2022.

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/comerica-declares-common-and-preferred-stock-dividends-301593751.html

SOURCE Comerica Incorporated

Comerica Incorporated

NYSE:CMA

CMA Rankings

CMA Latest News

CMA Stock Data

9.05B
131.51M
0.78%
83.9%
3.4%
Banks - Regional
National Commercial Banks
Link
United States of America
DALLAS