Comerica Declares Common and Preferred Stock Dividends

Rhea-AI Summary

Comerica (NYSE: CMA) has announced its latest dividend declarations. The Board of Directors declared a quarterly cash dividend of $0.71 per share for common stock shareholders, payable on April 1, 2025, with a record date of March 14, 2025.

Additionally, the company declared a dividend of $1,406.25 per share ($14.0625 per depositary share) on Series A Non-Cumulative Perpetual Preferred Stock, also payable April 1, 2025, to shareholders of record as of March 14, 2025.

Comerica, headquartered in Dallas, Texas, operates through three business segments: Commercial Bank, Retail Bank, and Wealth Management. The company maintains 380 banking centers across Arizona, California, Florida, Michigan, and Texas, with total assets of $79.3 billion as of December 31, 2024.

Positive

• Consistent dividend payment maintained for both common and preferred shareholders
• Strong asset base of $79.3B
• Extensive network of 380 banking centers
• Presence in 14 of 15 largest U.S. metropolitan areas

Negative

• None.

DALLAS, Feb. 25, 2025 /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 April 1, 2025, to common stock shareholders of record at the close of business on March 14, 2025.

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 April 1, 2025, to preferred stock shareholders of record at the close of business on March 14, 2025.

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 commercial U.S. financial holding companies, focuses on building relationships and helping people and businesses be successful. Comerica provides 380 banking centers across the country with locations in Arizona, California, Florida, Michigan and Texas. Founded on Aug. 17, 1849, 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 $79.3 billion at Dec. 31, 2024. Learn more about how Comerica is raising expectations of what a bank can be by visiting www.comerica.com, and follow us on Facebook, X, Instagram and LinkedIn.

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SOURCE Comerica Incorporated

FAQ

What is the current quarterly dividend amount for Comerica (CMA) common stock?

Comerica's quarterly cash dividend for common stock is $0.71 per share, payable April 1, 2025.

When is the record date for Comerica's (CMA) latest dividend payment?

The record date for both common and preferred stock dividends is March 14, 2025.

What is Comerica's (CMA) preferred stock dividend amount for Series A shares?

The preferred stock dividend is $1,406.25 per share ($14.0625 per depositary share) for Series A Non-Cumulative Perpetual Preferred Stock.

What are Comerica's (CMA) total assets as of December 2024?

Comerica reported total assets of $79.3 billion as of December 31, 2024.

How many banking centers does Comerica (CMA) currently operate?

Comerica operates 380 banking centers across Arizona, California, Florida, Michigan, and Texas.