Comerica (CMA) Raises Quarterly Dividend 4.5% to $0.23; 2% Yield

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Go back to Comerica (CMA) Raises Quarterly Dividend 4.5% to $0.23; 2% Yield

Comerica Declares Dividend Increase of 4.5 Percent

July 26, 2016 11:47 AM EDT

DALLAS, July 26, 2016 /PRNewswire/ -- The Board of Directors of Comerica Incorporated (NYSE: CMA) announced a 4.5 percent increase of the quarterly cash dividend for common stock to 23 cents ($0.23) per share. The dividend is payable October 1, 2016, to common stock shareholders of record on September 15, 2016.

"Today's dividend increase reflects our Board's confidence in Comerica's solid capital position, business model and strategic direction, as well as our future growth potential," said Ralph W. Babb Jr., chairman and chief executive... More