DALLAS, April 26, 2016 /PRNewswire/ -- The Board of
Directors of Comerica Incorporated today increased the quarterly
cash dividend for common stock 5 percent to 22 cents ($0.22)
per share. The dividend is payable July 1, 2016, to common stock shareholders of
record on June 15, 2016.
"The dividend increase reflects our company's solid capital
position and our continued confidence in Comerica's business model
and growth prospects," said Ralph W. Babb
Jr., chairman and chief executive officer. "As we have done
historically, we expect to continue to actively manage capital in a
way that maximizes returns to shareholders while ensuring that we
meet regulatory capital requirements."
This action was taken in conjunction with Comerica's
announcement on March 11, 2015, that
the Federal Reserve did not object to Comerica's 2015 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.
Logo -
http://photos.prnewswire.com/prnh/20010807/CMALOGO
To view the original version on PR Newswire,
visit:http://www.prnewswire.com/news-releases/comerica-directors-increase-quarterly-dividend-5-percent-to-22-cents-per-share-300257771.html
SOURCE Comerica Incorporated