Comerica (CMA) Raises Quarterly Dividend 15.4% to $0.30; 1.6% Yield

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Comerica Declares Dividend Increase of 15 Percent

July 25, 2017 12:05 PM EDT

DALLAS, July 25, 2017 /PRNewswire/ -- Comerica Incorporated (NYSE: CMA) today announced its board of directors declared a quarterly cash dividend for common stock of 30 cents ($0.30) per share, a 15 percent increase from the prior quarter.  The 2017 third quarter dividend is payable October 1, 2017, to shareholders of record at the close of business on September 15, 2017.

"Including today's 15 percent increase, our dividend has grown 30 percent this year," said Ralph W. Babb Jr., Comerica's chairman and chief executive officer. "This reflects our strong capital... More