Comerica Declares Common and Preferred Stock Dividends

Rhea-AI Summary

On February 23, 2021, Comerica Incorporated (NYSE: CMA) announced a quarterly cash dividend of $0.68 per share for common stock, payable on April 1, 2021, to shareholders of record by March 15, 2021. Additionally, a dividend of $1,406.25 per share was declared for Series A Non-Cumulative Perpetual Preferred Stock, also payable on April 1, 2021. Comerica, headquartered in Dallas, Texas, reported total assets of $88 billion as of December 31, 2020, and operates across several states and countries.

Positive

• Declaration of a stable common stock dividend of $0.68 per share, showing commitment to shareholder returns.
• Preferred stock dividend of $1,406.25 per share reinforces financial stability and investor confidence.

Negative

• None.

DALLAS, Feb. 23, 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 April 1, 2021, to common stock shareholders of record at the close of business on March 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 April 1, 2021, to preferred stock shareholders of record at the close of business on March 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 $88 billion at Dec. 31, 2020.

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SOURCE Comerica Incorporated

FAQ

What is the dividend amount declared by Comerica for common stock?

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

When is the Comerica dividend payable?

The dividend is payable on April 1, 2021.

What is the dividend for Comerica's Series A preferred stock?

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

What is the record date for the Comerica dividend?

The record date for the dividend is March 15, 2021.

How much total assets does Comerica have?

Comerica reported total assets of $88 billion as of December 31, 2020.