Comerica Declares Dividends and Announces Increase in Share Repurchase Authorization
Comerica (NYSE: CMA) announced key financial decisions: a quarterly cash dividend of $0.71 per common share and a dividend of $1,406.25 per share on Series A Preferred Stock, both payable January 1, 2025. The Board approved an additional 10 million shares buyback authorization, supplementing the existing 5 million shares remaining from previous authorizations. The company, with $79.7 billion in total assets, operates through three segments: Commercial Bank, Retail Bank, and Wealth Management, serving 14 of the 15 largest U.S. metropolitan areas with nearly 380 banking centers across the country.
Comerica (NYSE: CMA) ha annunciato decisioni finanziarie chiave: un dividendo in contante trimestrale di $0,71 per azione ordinaria e un dividendo di $1.406,25 per azione sulle azioni privilegiate di serie A, entrambi pagabili il 1° gennaio 2025. Il Consiglio ha approvato un'ulteriore autorizzazione al riacquisto di 10 milioni di azioni, integrando i 5 milioni di azioni rimanenti dalle autorizzazioni precedenti. L'azienda, con $79,7 miliardi in attivi totali, opera attraverso tre segmenti: Banca Commerciale, Banca Retail e Wealth Management, servendo 14 delle 15 aree metropolitane più grandi degli Stati Uniti con quasi 380 centri bancari in tutto il paese.
Comerica (NYSE: CMA) anunció decisiones financieras clave: un dividendo en efectivo trimestral de $0.71 por acción ordinaria y un dividendo de $1,406.25 por acción en acciones preferentes de Serie A, ambos pagaderos el 1 de enero de 2025. La Junta aprobó una autorización adicional de recompra de 10 millones de acciones, complementando los 5 millones de acciones que quedan de autorizaciones anteriores. La compañía, con $79.7 mil millones en activos totales, opera a través de tres segmentos: Banco Comercial, Banco Minorista y Gestión de Patrimonios, sirviendo a 14 de las 15 áreas metropolitanas más grandes de EE. UU. con casi 380 centros bancarios en todo el país.
Comerica (NYSE: CMA)는 주요 재정 결정을 발표했습니다: 보통주당 $0.71의 분기 현금 배당금과 우선주 A 시리즈당 $1,406.25의 배당금으로, 두 배당금 모두 2025년 1월 1일에 지급될 예정입니다. 이사회는 이전 승인에서 남은 500만 주와 더불어 추가로 1000만 주의 자사주 매입 승인을 승인했습니다. $797억의 총 자산을 보유한 이 회사는 상업은행, 소매은행, 자산관리의 세 가지 부문을 통해 운영되며, 미국 내 15개 대도시 지역 중 14개를 대상으로 하여 거의 380개의 은행 센터를 운영하고 있습니다.
Comerica (NYSE: CMA) a annoncé des décisions financières clés : un dividende en espèces trimestriel de $0,71 par action ordinaire et un dividende de $1,406.25 par action sur les actions privilégiées de série A, tous deux payables le 1er janvier 2025. Le Conseil a approuvé une autorisation de rachat supplémentaire de 10 millions d'actions, complétant les 5 millions d'actions restantes des autorisations précédentes. L'entreprise, avec $79,7 milliards d'actifs totaux, opère à travers trois segments : Banque commerciale, Banque de détail et Gestion de patrimoine, desservant 14 des 15 plus grandes zones métropolitaines des États-Unis avec presque 380 centres bancaires à travers le pays.
Comerica (NYSE: CMA) gab grundlegende finanzielle Entscheidungen bekannt: eine vierteljährliche Bar-Dividende von $0,71 pro Stammaktie und ein Dividend von $1.406,25 pro Aktie auf die Serie A Vorzugsaktien, die beide am 1. Januar 2025 zahlbar sind. Der Vorstand genehmigte eine zusätzliche Rückkaufautorisierung von 10 Millionen Aktien, die die verbleibenden 5 Millionen Aktien aus früheren Genehmigungen ergänzt. Das Unternehmen mit $79,7 Milliarden an Gesamtvermögen agiert in drei Segmenten: Commercial Bank, Retail Bank und Wealth Management und bedient 14 der 15 größten Ballungsräume der USA mit nahezu 380 Filialen im ganzen Land.
- Board approved additional 10 million shares buyback authorization
- Maintains quarterly dividend of $0.71 per common share
- Strong asset base of $79.7 billion
- Extensive nationwide presence with 380 banking centers
- None.
Insights
The dividend maintenance and substantial share buyback expansion signal strong capital management and shareholder-friendly policies. The
The bank's total assets of
The Board also declared a dividend of
In addition, the Board approved the authorization to purchase up to an additional 10 million shares of Comerica Incorporated outstanding common stock. This authorization is in addition to the 5 million shares remaining at Sept. 30, 2024, under the Board's prior authorizations for the share repurchase program. There is no expiration date for the share repurchase program. The timing and actual amount of share repurchases are subject to various factors, including the Corporation's earnings generation, capital needs to fund future loan growth and market conditions. Shares may be repurchased through open market repurchases, privately negotiated transactions, structured repurchase agreements with third parties and/or otherwise, including utilizing Rule10b5-1 plans. The repurchased shares may be held as treasury stock or retired.
This year, Comerica Bank celebrates its 175th anniversary. A subsidiary of Comerica Incorporated (NYSE: CMA), Comerica Bank is a financial services company headquartered in
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SOURCE Comerica Incorporated
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