Comerica Declares Common and Preferred Stock Dividends

The Board of Directors of Comerica Incorporated (NYSE: CMA) declared a quarterly cash dividend of 68 cents per share, payable on October 1, 2022, to shareholders on record by September 15, 2022.

Rhea-AI Impact

(Neutral)

Rhea-AI Sentiment

(Neutral)How Sentiment works

Sentiment and the balance of points

Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.

How Sentiment works How the balance works

Rhea-AI Summary

The Board of Directors of Comerica Incorporated (NYSE: CMA) declared a quarterly cash dividend of 68 cents per share, payable on October 1, 2022, to shareholders on record by September 15, 2022. Additionally, a dividend of $1,406.25 per share on Series A Non-Cumulative Perpetual Preferred Stock was announced, also payable on October 1, 2022. Comerica reported total assets of $86.9 billion as of June 30, 2022.

Positive

Quarterly cash dividend of $0.68 per common share announced.
$1,406.25 dividend per preferred share highlights strong shareholder returns.
Total assets of $86.9 billion indicate financial stability.

Negative

None.

Argus Session date unavailable

+1.81% session move Open Argus

Details

News Market Reaction – CMA

The recorded move for CMA in the trading session of this news was +1.81%.

Data tracked by StockTitan Argus. Session date unavailable.

AI-generated analysis. How Rhea-AI works. Not financial advice.

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google

07/26/2022 - 04:15 PM EDT

DALLAS, July 26, 2022 /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 Oct. 1, 2022, to common stock shareholders of record at the close of business on Sept. 15, 2022.

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 Oct. 1, 2022, to preferred stock shareholders of record at the close of business on Sept. 15, 2022.

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 $86.9 billion as of June 30, 2022.