Comerica Declares Common and Preferred Stock Dividends

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Comerica Incorporated (NYSE: CMA) declared a quarterly cash dividend for common stock of $0.71 per share and a dividend of $14.0625 per depositary share on the Series A Non-Cumulative Perpetual Preferred Stock. Comerica Bank, celebrating its 175th anniversary, is a leading financial services company with a strong presence across the U.S. and strategic business segments.

DALLAS, April 22, 2024 /PRNewswire/ -- The Board of Directors of Comerica Incorporated (NYSE: CMA) declared a quarterly cash dividend for common stock of 71 cents ($0.71) per share. The dividend is payable July 1, 2024, to shareholders of record at the close of business on June 14, 2024.

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 July 1, 2024, to preferred stock shareholders of record at the close of business on June 14, 2024.

This year, Comerica Bank celebrates its 175^th anniversary. A subsidiary of Comerica Incorporated (NYSE: CMA), Comerica Bank is a financial services company headquartered in Dallas, Texas, and is strategically aligned by three business segments: The Commercial Bank, The Retail Bank and Wealth Management. Comerica, one of the 25 largest commercial U.S. financial holding companies, focuses on building relationships and helping people and businesses be successful, providing more than 400 banking centers across the country with locations in Arizona, California, Florida, Michigan and Texas. Founded on Aug. 17, 1849, in Detroit, Michigan, Comerica continues to expand into new regions, most recently in the Southeast, including North Carolina and Mountain West Market in Colorado. Comerica has offices in 17 states and services 14 of the 15 largest U.S. metropolitan areas, as well as Canada and Mexico. Comerica reported total assets of $79.4 billion at March 31, 2024.Learn more about how Comerica is raising expectations of what a bank can be by visiting www.comerica.com, and follow us on Facebook, X (formerly known as Twitter), Instagram and LinkedIn.   

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SOURCE Comerica Incorporated

FAQ

What dividend did Comerica declare for common stock?

Comerica declared a quarterly cash dividend of $0.71 per share for common stock.

When is the dividend payable for Comerica's preferred stock?

The dividend of $14.0625 per depositary share on the Series A Non-Cumulative Perpetual Preferred Stock is payable on July 1, 2024.

Where is Comerica Bank headquartered?

Comerica Bank is headquartered in Dallas, Texas.

What are the business segments of Comerica Incorporated?

Comerica Incorporated is strategically aligned by three business segments: The Commercial Bank, The Retail Bank, and Wealth Management.

What are the total assets reported by Comerica as of March 31, 2024?

Comerica reported total assets of $79.4 billion as of March 31, 2024.