DALLAS, April 25, 2017 /PRNewswire/ -- The Board of
Directors of Comerica Incorporated today increased the quarterly
cash dividend for common stock 13 percent to 26 cents ($0.26)
per share. The dividend is payable July 1, 2017, to common stock shareholders of
record on June 15, 2017.
"With this three cent increase,
our dividend has grown 18 percent over the past year," said
Ralph W. Babb Jr., chairman and
chief executive officer. "This is a reflection of our increased
profitability, capital strength and continued commitment to our
shareholders."
This action was taken in conjunction with Comerica's
announcement on June 29, 2016, that
the Federal Reserve did not object to Comerica's 2016 capital plan
and contemplated capital distributions.
Comerica Incorporated (NYSE: CMA) is a financial services
company headquartered in Dallas,
Texas, and strategically aligned by three business segments:
The Business 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.
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SOURCE Comerica Incorporated