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Comerica Declares Quarterly Common Stock Dividend of 68 Cents Per Share; Announces Initial Preferred Stock Dividend
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dividends
DALLAS, July 28, 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 Oct. 1, 2020, to common stock shareholders of record at the close of business on Sept. 15, 2020.
The Board also declared a dividend of $1,953.125 per share (equivalent to $19.53125 per depositary share) on the Series A Non-Cumulative Perpetual Preferred Stock of Comerica Incorporated, payable Oct. 1, 2020, to preferred stock shareholders of record at the close of business on Sept. 15, 2020. This initial dividend is for the long first dividend period from May 26, 2020 to Oct. 1, 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 $84 billion at June 30, 2020.
comerica incorporated (nyse: cma) is a financial services company headquartered in dallas, texas, strategically aligned by the business bank, the retail bank, and wealth management. the business bank provides companies of all sizes with an array of credit and non-credit financial products and services. the retail bank delivers personalized financial products and services to consumers. wealth management serves the needs of high net worth clients and institutions. comerica’s nearly 9,000 colleagues focus on relationships, and helping people and businesses be successful. comerica operates in seven of the 10 largest u.s. cities, with 480 banking centers in its primary markets of texas, arizona, california, florida and michigan. select businesses operate in several other states, as well as in canada and mexico. comerica is among the 22 largest u.s. banking companies, with $69.2 billion in total assets at december 31, 2014. visit comerica's facebook page at facebook.com/comericacares or
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