Comerica Declares Common and Preferred Stock Dividends

Rhea-AI Summary

Comerica Incorporated (NYSE: CMA) declares quarterly cash dividend for common stock of 71 cents per share and $1,406.25 per share on Series A Non-Cumulative Perpetual Preferred Stock, payable on Jan. 1, 2024. Comerica has reported total assets of $85.7 billion as of Sept. 30, 2023, and operates in 17 states as well as Canada and Mexico.

Positive

• Comerica Incorporated declares a generous cash dividend for common stock, indicating financial stability and confidence in future performance.
• The company's total assets of $85.7 billion as of Sept. 30, 2023, demonstrate a strong financial position and potential for future growth.

Negative

• None.

DALLAS, Nov. 7, 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 Jan. 1, 2024, to common stock shareholders of record at the close of business on Dec. 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 Jan. 1, 2024, to preferred stock shareholders of record at the close of business on Dec. 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 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 $85.7 billion as of Sept. 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, X (formally known as 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 (NYSE: CMA)?

The quarterly cash dividend for common stock declared by Comerica Incorporated (NYSE: CMA) is 71 cents per share.

When is the dividend payable for Series A Non-Cumulative Perpetual Preferred Stock of Comerica Incorporated (NYSE: CMA)?

The dividend for Series A Non-Cumulative Perpetual Preferred Stock of Comerica Incorporated (NYSE: CMA) is payable on Jan. 1, 2024.

What are the total assets reported by Comerica Incorporated (NYSE: CMA) as of Sept. 30, 2023?

Comerica Incorporated (NYSE: CMA) reported total assets of $85.7 billion as of Sept. 30, 2023.