Comerica Incorporated, through its subsidiaries, provides various financial products and services. It operates through Commercial Bank, Retail Bank, Wealth Management, and Finance segments. The Commercial Bank segment offers various products and services, including commercial loans and lines of credit, deposits, cash management, capital market products, international trade finance, letters of credit, foreign exchange management services, and loan syndication services for small and middle market businesses, multinational corporations, and governmental entities. The Retail Bank segment provides personal financial services, such as consumer lending, consumer deposit gathering, and mortgage loan origination. This segment also offers various consumer products that include deposit accounts, installment loans, credit cards, student loans, home equity lines of credit, and residential mortgage loans, as well as commercial products and services to micro-businesses. The Wealth Management segment provides products and services comprising fiduciary, private banking, retirement, investment management and advisory, and investment banking and brokerage services. This segment also sells annuity products, as well as life, disability, and long-term care insurance products. The Finance segment engages in the securities portfolio, and asset and liability management activities. It operates in Texas, California, Michigan, Arizona, Florida, Canada, and Mexico. The company was formerly known as DETROITBANK Corporation and changed its name to Comerica Incorporated in July 1982. Comerica Incorporated was founded in 1849 and is headquartered in Dallas, Texas.
Comerica Dividend Announcement
• Comerica announced a quarterly dividend of $0.71 per ordinary share which will be made payable on 2024-10-01. Ex dividend date: 2024-09-13
• Comerica annual dividend for 2024 was $2.13
• Comerica annual dividend for 2023 was $2.84
• Comerica 's trailing twelve-month (TTM) dividend yield is 4.87%
• Comerica 's payout ratio for the trailing twelve months (TTM) is 63.22%
• Comerica 's dividend growth over the last five years (2018-2023) was 9.07% year
• Comerica 's dividend growth over the last ten years (2013-2023) was 15.37% year
Comerica Dividend History
| Ex-Div date | Dividend amount | Dividend type | Pay date |
|---|---|---|---|
| 2024-09-13 | $0.71 | quarterly | 2024-10-01 |
| 2024-06-14 | $0.71 | quarterly | 2024-07-01 |
| 2024-03-14 | $0.71 | quarterly | 2024-04-01 |
| 2023-12-14 | $0.71 | quarterly | 2024-01-01 |
| 2023-09-14 | $0.71 | quarterly | 2023-10-01 |
| 2023-06-14 | $0.71 | quarterly | 2023-07-01 |
| 2023-03-14 | $0.71 | quarterly | 2023-04-01 |
| 2022-12-14 | $0.68 | quarterly | 2023-01-01 |
| 2022-09-14 | $0.68 | quarterly | 2022-10-01 |
| 2022-06-14 | $0.68 | quarterly | 2022-07-01 |
| 2022-03-14 | $0.68 | quarterly | 2022-04-01 |
| 2021-12-14 | $0.68 | quarterly | 2022-01-01 |
| 2021-09-14 | $0.68 | quarterly | 2021-10-01 |
| 2021-06-14 | $0.68 | quarterly | 2021-07-01 |
| 2021-03-12 | $0.68 | quarterly | 2021-04-01 |
| 2020-12-14 | $0.68 | quarterly | 2021-01-01 |
| 2020-09-14 | $0.68 | quarterly | 2020-10-01 |
| 2020-06-12 | $0.68 | quarterly | 2020-07-01 |
| 2020-03-12 | $0.68 | quarterly | 2020-04-01 |
| 2019-12-12 | $0.67 | quarterly | 2020-01-01 |
| 2019-09-12 | $0.67 | quarterly | 2019-10-01 |
| 2019-06-13 | $0.67 | quarterly | 2019-07-01 |
| 2019-03-14 | $0.67 | quarterly | 2019-04-01 |
| 2018-12-13 | $0.60 | quarterly | 2019-01-01 |
| 2018-09-13 | $0.60 | quarterly | 2018-10-01 |
| 2018-06-14 | $0.34 | quarterly | 2018-07-01 |
| 2018-03-14 | $0.30 | quarterly | 2018-04-01 |
| 2017-12-14 | $0.30 | quarterly | 2018-01-01 |
| 2017-09-14 | $0.30 | quarterly | 2017-10-01 |
| 2017-06-13 | $0.26 | quarterly | 2017-07-01 |
| 2017-03-13 | $0.23 | quarterly | 2017-04-01 |
| 2016-12-13 | $0.23 | quarterly | 2017-01-01 |
| 2016-09-13 | $0.23 | quarterly | 2016-10-01 |
| 2016-06-13 | $0.22 | quarterly | 2016-07-01 |
| 2016-03-11 | $0.21 | quarterly | 2016-04-01 |
| 2015-12-11 | $0.21 | quarterly | 2016-01-01 |
| 2015-09-11 | $0.21 | quarterly | 2015-10-01 |
| 2015-06-11 | $0.21 | quarterly | 2015-07-01 |
| 2015-03-11 | $0.20 | quarterly | 2015-04-01 |
| 2014-12-11 | $0.20 | quarterly | 2015-01-01 |
| 2014-09-11 | $0.20 | quarterly | 2014-10-01 |
| 2014-06-11 | $0.20 | quarterly | 2014-07-01 |
| 2014-03-12 | $0.19 | quarterly | 2014-04-01 |
| 2013-12-11 | $0.17 | quarterly | 2014-01-01 |
| 2013-09-11 | $0.17 | quarterly | 2013-10-01 |
| 2013-06-12 | $0.17 | quarterly | 2013-07-01 |
| 2013-03-13 | $0.17 | quarterly | 2013-04-01 |
Comerica Dividend per year
Comerica Dividend growth
Comerica Dividend Yield
Comerica current trailing twelve-month (TTM) dividend yield is 4.87%. Interested in purchasing Comerica stock? Use our calculator to estimate your expected dividend yield:
Comerica Financial Ratios
P/E ratio12.34
PEG ratio0.85
P/B ratio1.26
ROE10.65%
Payout ratio63.22%
Current ratio0.21
Quick ratio0.43
Cash Ratio0.19
Comerica Dividend FAQ
How much is the next Comerica dividend?
Comerica 's board of directors will review the company's financial performance, cash flow, future investment needs, and other relevant factors to determine the next Comerica dividend. The next Comerica dividend will be released in March, June, September, or December.
When is Comerica dividend paid?
Comerica pays dividends on a quarterly basis. The specific dates may vary each year but are generally around March, June, September, and December. However, please note that the exact timing and amount can vary, and companies may also decide to change their dividend policy based on their financial health and other considerations.
What dividend does Comerica pay?
The specific amount of Comerica dividend can vary from quarter to quarter and year to year, based on a variety of factors including the company's financial performance, the global economic situation, and the decisions of its board of directors. In the above table you can find Comerica 's dividend history.
Does Comerica stock pay dividends?
Yes, Comerica does pay dividends to its shareholders. However, the specific amount and frequency of these dividends can vary based on a variety of factors, including the company's financial performance, the global economic situation, and the decisions of its board of directors. In the above table you can find Comerica 's dividend history.
How much dividend does Comerica pay?
Comerica paid $2.13 in 2024, $2.84 in 2023, $2.72 in 2022, $2.72 in 2021, and $2.72 in 2020.
How often does Comerica pay dividends?
Comerica typically pays dividends on a quarterly basis. This means that dividends are usually distributed 4 times a year. The specific payout dates may vary each year but generally fall around March, June, September, and December.
What is Comerica 's dividend yield?
The current dividend yield for Comerica is 4.87%. The dividend yield is calculated by dividing the annual dividend payment by the price of the stock. Both of these numbers can fluctuate daily due to changes in the stock price and any updates to the dividend payment. Use the dividend calculator on this page to calculate Comerica 's exact dividend yield.
When does Comerica go ex dividend?
Comerica 's ex-dividend date for the latest dividend was on 2024-09-13. Comerica typically goes ex-dividend a few weeks before the payment date. The specific dates can vary each year and for each dividend payment.
When is the next Comerica dividend paid?
Comerica pays dividends on a quarterly basis, typically around March, June, September, or December, but the exact dates can vary each year.
Will Comerica increase its dividend?
Decisions about dividend payments are made by the company's board of directors and are based on a variety of factors. To understand whether Comerica will increase its dividend, it's beneficial to look at the company's earnings, financial health, future business prospects, and the overall economic environment.
How much is Comerica dividend per share?
Comerica paid $2.13 per share in 2024 and $2.84 per share in 2023. The amount of dividend per share that Comerica pays can vary each quarter based on a range of factors including the company's earnings, financial health, and decisions made by its board of directors.
Is Comerica a dividend aristocrat?
No, the term "Dividend Aristocrat" is typically used to describe a company in the S&P 500 index that has increased its dividend payouts for at least 25 consecutive years.
Is Comerica a dividend king?
No, a "Dividend King" is a company that has managed to increase its dividend payouts for 50 consecutive years or more, which is an even more selective group than the Dividend Aristocrats.
Is Comerica a dividend stock?
Yes, Comerica is considered a dividend stock. A dividend stock is a stock of a company that regularly pays out dividends to its shareholders.
Is Comerica a good dividend stock?
Whether Comerica is a good dividend stock depends on several factors and can vary depending on individual investment goals, risk tolerance, and the overall market conditions. Comerica has a history of paying regular dividends, which can make it attractive to income-focused investors.
Other factors to consider when evaluating Comerica as a dividend stock include its dividend yield, dividend growth, payout ratio, and the sustainability of its dividend payments given its earnings and cash flow. These factors can provide insight into the company's ability to maintain or increase its dividend in the future.
Other factors to consider when evaluating Comerica as a dividend stock include its dividend yield, dividend growth, payout ratio, and the sustainability of its dividend payments given its earnings and cash flow. These factors can provide insight into the company's ability to maintain or increase its dividend in the future.
Does Comerica pay dividends monthly?
Comerica typically pays dividends on a quarterly basis.
Does Comerica pay dividends quarterly?
Comerica currently pays dividends on a quarterly basis.
Has Comerica ever paid a dividend?
Yes, Comerica has a history of paying dividends to its shareholders. Comerica is known for its dividend payments, which have made it an attractive investment for income-focused investors.
How to buy Comerica dividend stocks?
To buy Comerica you need a brokerage account. Open an account with a reputable brokerage firm that offers access to the stock market. Consider factors such as fees, account minimums, and the availability of dividend reinvestment programs (DRIPs) if you wish to reinvest your dividends automatically.
Place an order: Use the brokerage's trading platform to place an order to buy Comerica stock.
Remember that buying stocks involves risk, and it's important to carefully consider your investment goals, risk tolerance, and conduct thorough research before making any investment decisions.
Place an order: Use the brokerage's trading platform to place an order to buy Comerica stock.
Remember that buying stocks involves risk, and it's important to carefully consider your investment goals, risk tolerance, and conduct thorough research before making any investment decisions.
When does Comerica pay dividends 2024?
Comerica pays dividends on a quarterly basis. 2024 dividend payments are in 2024-10-01. However, please note that the exact timing and amount can vary, and companies may also decide to change their dividend policy based on their financial health and other considerations.
Will Comerica increase its dividend in 2024?
Decisions regarding Comerica dividend increases are typically made by a company's board of directors based on various factors, including financial performance, cash flow, investment needs, and market conditions. For an up-to-date Comerica dividend overview you can look into the above table of dividend history.
How Comerica dividend works?
The Comerica dividend works by distributing a portion of the company's profits to its shareholders on a per-share basis. Here's a general overview of how Comerica 's dividend process works:
1. Determination of Dividend: Comerica 's board of directors reviews the company's financial performance, cash flow, future investment needs, and other relevant factors to determine the amount and timing of dividend payments.
2. Dividend Declaration: Once the board approves a dividend, Comerica publicly announces the dividend amount, currency, and the ex-dividend date. The ex-dividend date is the date on or after which the buyer of the stock will not be eligible to receive the upcoming dividend payment.
3. Record Date: The record date is the date on which the company checks its records to identify shareholders who are eligible to receive the dividend. Only shareholders on record as of this date will receive the dividend.
4. Payment Date: On the designated payment date, Comerica distributes the dividend to eligible shareholders. The dividend is usually paid in the form of cash directly into the shareholder's brokerage account or through other designated payment methods.
5. Tax Implications: Dividends received from Comerica are generally taxable as income. Shareholders may need to report dividend income on their tax returns and pay applicable taxes according to their jurisdiction's tax regulations.
1. Determination of Dividend: Comerica 's board of directors reviews the company's financial performance, cash flow, future investment needs, and other relevant factors to determine the amount and timing of dividend payments.
2. Dividend Declaration: Once the board approves a dividend, Comerica publicly announces the dividend amount, currency, and the ex-dividend date. The ex-dividend date is the date on or after which the buyer of the stock will not be eligible to receive the upcoming dividend payment.
3. Record Date: The record date is the date on which the company checks its records to identify shareholders who are eligible to receive the dividend. Only shareholders on record as of this date will receive the dividend.
4. Payment Date: On the designated payment date, Comerica distributes the dividend to eligible shareholders. The dividend is usually paid in the form of cash directly into the shareholder's brokerage account or through other designated payment methods.
5. Tax Implications: Dividends received from Comerica are generally taxable as income. Shareholders may need to report dividend income on their tax returns and pay applicable taxes according to their jurisdiction's tax regulations.
How are Comerica dividends paid?
Comerica dividends are typically paid in cash directly to eligible shareholders. The payment process involves the following steps:
1. Record Date: Comerica sets a record date, which is the date on which the company checks its records to determine the eligible shareholders. Only those who are shareholders on record as of this date will receive the dividend.
2. Payment Date: On the designated payment date, Comerica distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Comerica declares the currency in which the dividend will be paid. Depending on the shareholder's location and the currency election made by the shareholder, the dividend will be converted to the appropriate currency during the payment process.
1. Record Date: Comerica sets a record date, which is the date on which the company checks its records to determine the eligible shareholders. Only those who are shareholders on record as of this date will receive the dividend.
2. Payment Date: On the designated payment date, Comerica distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Comerica declares the currency in which the dividend will be paid. Depending on the shareholder's location and the currency election made by the shareholder, the dividend will be converted to the appropriate currency during the payment process.
How many times does Comerica pay dividends?
Comerica typically pays dividends on a quarterly basis. The specific payment dates can vary each year and are usually announced when the company releases its financial results for each quarter.
What months does Comerica pay dividends?
The general pattern is that Comerica pays dividends around March, June, September, and December. However, the exact payment dates can vary each year and are typically announced when the company releases its financial results for each quarter.
Is Comerica dividend safe?
The safety of Comerica 's dividend is subject to various factors and cannot be determined with certainty. It is influenced by the company's financial performance, cash flow, and the overall economic and industry conditions.
To assess the safety of Comerica 's dividend, it is crucial to analyze the company's financial health, debt levels, cash flow generation, and ability to sustain dividend payments over the long term. Additionally, monitoring the company's future earnings, cash flow projections, and management's commitment to dividend policies can provide valuable insights.
It is recommended to review Comerica 's financial reports, official announcements, and consult with financial advisors or experts who have access to the most current and comprehensive information about the company's financial situation.
To assess the safety of Comerica 's dividend, it is crucial to analyze the company's financial health, debt levels, cash flow generation, and ability to sustain dividend payments over the long term. Additionally, monitoring the company's future earnings, cash flow projections, and management's commitment to dividend policies can provide valuable insights.
It is recommended to review Comerica 's financial reports, official announcements, and consult with financial advisors or experts who have access to the most current and comprehensive information about the company's financial situation.