Comerica Declares Common and Preferred Stock Dividends

The Board of Directors of Comerica declared a quarterly cash dividend of $0.68 per share for common stock, payable on Jan. 1, 2021, to shareholders of record by Dec. 15, 2020.

Rhea-AI Summary

The Board of Directors of Comerica declared a quarterly cash dividend of $0.68 per share for common stock, payable on Jan. 1, 2021, to shareholders of record by Dec. 15, 2020. Additionally, a dividend of $1,406.25 per share on Series A Non-Cumulative Perpetual Preferred Stock will also be paid on the same date. As of Sept. 30, 2020, Comerica reported total assets of $83.6 billion.

Positive

• Quarterly cash dividend of $0.68 per share indicates continued shareholder return.
• Preferred stock dividend of $1,406.25 per share reflects confidence in company stability.
• Total assets of $83.6 billion as of Sept. 30, 2020, showcasing financial strength.

Negative

• None.

Argus Publication session

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News Market Reaction – CMA

In the trading session that priced this news, CMA declined 10.59%, reflecting a significant negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

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DALLAS, Nov. 3, 2020 /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 Jan. 1, 2021, to common stock shareholders of record at the close of business on Dec. 15, 2020. 

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, 2021, to preferred stock shareholders of record at the close of business on Dec. 15, 2020.

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 $83.6 billion at Sept. 30, 2020.

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SOURCE Comerica Incorporated

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What is the dividend amount declared by Comerica (CMA) for common stock?

Comerica declared a quarterly cash dividend of $0.68 per share for common stock.

When is the dividend payment date for Comerica (CMA)?

The dividend is payable on January 1, 2021.

What is the record date for Comerica's (CMA) dividend payment?

The record date is December 15, 2020.

What is the dividend for Comerica's preferred stock?

The dividend for Series A Non-Cumulative Perpetual Preferred Stock is $1,406.25 per share.