Comerica Declares Common and Preferred Stock Dividends

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Comerica Incorporated (NYSE: CMA) has declared quarterly dividends for both common and preferred stockholders. Common stock shareholders will receive $0.71 per share, payable on Oct. 1, 2024, to those on record as of Sept. 13, 2024. Preferred stock shareholders will receive $1,406.25 per share ($14.0625 per depositary share) on the same dates.

Comerica Bank, a subsidiary of Comerica Incorporated, is celebrating its 175th anniversary this year. Founded in 1849 in Detroit, it has grown into one of the 25 largest commercial U.S. financial holding companies. The bank operates 380 banking centers across Arizona, California, Florida, Michigan, and Texas, with recent expansions into North Carolina and Colorado. Comerica reported total assets of $79.6 billion as of June 30, 2024.

Positive

• Declared quarterly dividend of $0.71 per share for common stock
• Declared quarterly dividend of $1,406.25 per share for preferred stock
• One of the 25 largest commercial U.S. financial holding companies
• Operates 380 banking centers across multiple states
• Reported total assets of $79.6 billion as of June 30, 2024
• Expanding into new regions (North Carolina and Colorado)

Negative

• None.

DALLAS, July 23, 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 Oct. 1, 2024, to shareholders of record at the close of business on Sept. 13, 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 Oct. 1, 2024, to preferred stock shareholders of record at the close of business on Sept. 13, 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 380 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 $79.6 billion at June 30, 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 is the dividend amount for Comerica (CMA) common stock shareholders in Q3 2024?

Comerica (CMA) has declared a quarterly cash dividend of $0.71 per share for common stock shareholders in Q3 2024.

When will Comerica (CMA) pay its Q3 2024 dividend?

Comerica (CMA) will pay its Q3 2024 dividend on October 1, 2024, to shareholders of record as of September 13, 2024.

What is the dividend amount for Comerica (CMA) preferred stock shareholders in Q3 2024?

Comerica (CMA) has declared a dividend of $1,406.25 per share ($14.0625 per depositary share) for Series A Non-Cumulative Perpetual Preferred Stock shareholders in Q3 2024.

How many banking centers does Comerica (CMA) operate as of July 2024?

As of July 2024, Comerica (CMA) operates 380 banking centers across various states in the United States.

What was Comerica's (CMA) total asset value as of June 30, 2024?

Comerica (CMA) reported total assets of $79.6 billion as of June 30, 2024.