Comerica Declares Common and Preferred Stock Dividends

Rhea-AI Summary

The Board of Directors of Comerica declared a quarterly cash dividend of $0.68 per share for common stock, payable on January 1, 2023, to shareholders of record by the close of business on December 15, 2022. Additionally, a dividend of $1,406.25 per share on the Series A Non-Cumulative Perpetual Preferred Stock is also declared, with the same payment date and record date. Comerica, a financial services company based in Dallas, reported total assets of $84.1 billion as of September 30, 2022.

Positive

• Quarterly cash dividend of $0.68 per share enhances shareholder income.
• Preferred stock dividend of $1,406.25 per share indicates strong financial health.
• Total assets of $84.1 billion highlight robust company size and stability.

Negative

• None.

DALLAS, Nov. 8, 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 Jan. 1, 2023, to common stock shareholders of record at the close of business on Dec. 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 Jan. 1, 2023, to preferred stock shareholders of record at the close of business on Dec. 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 $84.1 billion as of Sept. 30, 2022.

 

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SOURCE Comerica Incorporated

FAQ

What is the dividend amount declared by Comerica?

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

When is the dividend payable to shareholders?

The dividend is payable on January 1, 2023.

What date do shareholders need to be on record to receive the dividend?

Shareholders must be on record by the close of business on December 15, 2022.

What is the preferred stock dividend declared by Comerica?

The preferred stock dividend is $1,406.25 per share.

What are Comerica's total assets as of September 30, 2022?

Comerica reported total assets of $84.1 billion.