Comerica Announces Quarterly Dividend for Common and Preferred Stockholders

Comerica Announces Quarterly Dividend

Comerica Incorporated, one of the leading financial services firms in the United States, has publicly announced its latest quarterly dividends for both common and preferred stockholders. The company's Board of Directors confirmed a cash dividend of 71 cents ($0.71) per share for common stock, which is slated for payment on April 1, 2025. Shareholders of record as of the close of business on March 14, 2025, will be eligible to receive this dividend.

In addition to this common stock dividend, Comerica has also declared an impressive dividend of $1,406.25 per share for its Series A Non-Cumulative Perpetual Preferred Stock. This amount is equivalent to $14.0625 per depositary share, and like the common stock dividend, it will be paid out on April 1, 2025, to preferred stockholders who are on record by the same March 14 cut-off date.

Comerica Incorporated Overview

Founded on August 17, 1849, in Detroit, Michigan, Comerica has grown into one of the largest financial holding companies in the United States. Headquartered in Dallas, Texas, the company operates within three primary business segments: The Commercial Bank, The Retail Bank, and Wealth Management. As it stands, Comerica operates 380 banking centers spread across multiple states, including Arizona, California, Florida, Michigan, and Texas, while also actively expanding its market reach into new territories such as North Carolina and Colorado.

As of December 31, 2024, Comerica reported total assets amounting to an impressive $79.3 billion, a testament to its robust financial health and growth trajectory. The bank's strategy focuses on building strong relationships with its clients while ensuring their success in both personal and business financial endeavors. By providing comprehensive banking solutions, Comerica aims to exceed customer expectations of what a financial institution can offer.

With its extensive footprint across 17 states, Comerica is well-placed to serve customers in 14 out of the 15 largest metropolitan areas in the country. Furthermore, its influence extends beyond the U.S., with operations also present in Canada and Mexico. The company is dedicated to enhancing its customers' experiences and continuously improving its services.

In light of its recent dividend announcement, industry analysts and investors will closely watch Comerica's performance in the coming months. The dividends reflect the company's commitment to returning value to its shareholders and signify confidence in its ongoing business operations and financial position.

For more insights about Comerica and to keep up with its latest news, visit their official website at www.comerica.com and follow them on social media platforms like Facebook, X (formerly Twitter), Instagram, and LinkedIn. This ongoing commitment to transparency and customer engagement positions Comerica as a forward-thinking player in the financial services sector, dedicated to navigating the complexities of modern banking with its stakeholders in mind.