Comerica's latest quarterly cash dividend of $0.68 per share was issued to shareholders on record before Dec 14, 2022. The dividend distribution stands at $2.72 per share annually, which comes to a dividend yield of 3.61%.
Comerica's dividend yield of 3.61% is above the Financial Services sector, the industry and its peers average. If we compare it with its Financial Services sector average of 2.61%, Comerica's dividend yield is 38% higher. Historically CMA's dividend yield has averaged at 3.8% in the last 5 years, which is more than the current yield.
Comerica has been paying dividends for the last 27 years. Our records show that CMA has distributed four quarterly dividends in the past year. The annualized dividend per share has remained the same since twelve months ago. However with the price of the stock down by 21% from a year ago, the dividend yield has an increase of 26%.
| Ex-date | Payment date | Declared on | Amount | Type |
|---|---|---|---|---|
| Dec 14, 2022 | Jan 1, 2023 | Nov 8, 2022 | $0.68 | normal |
| Sep 14, 2022 | Oct 1, 2022 | Jul 26, 2022 | $0.68 | normal |
| Jun 14, 2022 | Jul 1, 2022 | Apr 26, 2022 | $0.68 | normal |
| Mar 14, 2022 | Apr 1, 2022 | Feb 23, 2022 | $0.68 | normal |
| Dec 14, 2021 | Jan 1, 2022 | Nov 2, 2021 | $0.68 | normal |
| Sep 14, 2021 | Oct 1, 2021 | Jul 27, 2021 | $0.68 | normal |
| Jun 14, 2021 | Jul 1, 2021 | Apr 27, 2021 | $0.68 | normal |
| Mar 12, 2021 | Apr 1, 2021 | Feb 23, 2021 | $0.68 | normal |
| Dec 14, 2020 | Jan 1, 2021 | Nov 3, 2020 | $0.68 | normal |
| Sep 14, 2020 | Oct 1, 2020 | Jul 28, 2020 | $0.68 | normal |
| Jun 12, 2020 | Jul 1, 2020 | Apr 28, 2020 | $0.68 | normal |
| Mar 12, 2020 | Apr 1, 2020 | Jan 28, 2020 | $0.68 | normal |
| Dec 12, 2019 | Jan 1, 2020 | Nov 5, 2019 | $0.67 | normal |
| Sep 12, 2019 | Oct 1, 2019 | Jul 23, 2019 | $0.67 | normal |
| Jun 13, 2019 | Jul 1, 2019 | Apr 23, 2019 | $0.67 | normal |
| Mar 14, 2019 | Apr 1, 2019 | Jan 22, 2019 | $0.67 | normal |
| Dec 13, 2018 | Jan 1, 2019 | Nov 6, 2018 | $0.6 | normal |
| Sep 13, 2018 | Oct 1, 2018 | Jul 24, 2018 | $0.6 | normal |
| Jun 14, 2018 | Jul 1, 2018 | Apr 24, 2018 | $0.34 | normal |
| Mar 14, 2018 | Apr 1, 2018 | Jan 23, 2018 | $0.3 | normal |
| Dec 14, 2017 | Jan 1, 2018 | Nov 7, 2017 | $0.3 | normal |
| Sep 14, 2017 | Oct 1, 2017 | Jul 25, 2017 | $0.3 | normal |
| Jun 13, 2017 | Jul 1, 2017 | Apr 25, 2017 | $0.26 | normal |
| Mar 13, 2017 | Apr 1, 2017 | Jan 24, 2017 | $0.23 | normal |
| Dec 13, 2016 | Jan 1, 2017 | Nov 8, 2016 | $0.23 | normal |
| Sep 13, 2016 | Oct 1, 2016 | Jul 26, 2016 | $0.23 | normal |
| Jun 13, 2016 | Jul 1, 2016 | Apr 26, 2016 | $0.22 | normal |
| Mar 11, 2016 | Apr 1, 2016 | Jan 26, 2016 | $0.21 | normal |
| Dec 11, 2015 | Jan 1, 2016 | Nov 10, 2015 | $0.21 | normal |
| Sep 11, 2015 | Oct 1, 2015 | Jul 28, 2015 | $0.21 | normal |
Comerica's payout ratio of 35.5% is above the Financial Services sector and the industry average but below its peers average. Compared to its Financial Services sector average of 31.2%, Comerica's payout ratio is 14% higher.
| Name | Dividend yield | DPS | Payout ratio |
|---|---|---|---|
| HBAN Huntington Bancshares Inc | 4.01% | $0.62 | 47.7% |
| KEY Keycorp | 3.95% | $0.79 | 35.7% |
| PNC Pnc Financial Services Group Inc | 3.63% | $6 | 45.2% |
| CMA Comerica Inc | 3.61% | $2.72 | 35.5% |
| WSBC Wesbanco Inc | 3.56% | $1.37 | 45.4% |
| ONB Old National Bancorp | 3.13% | $0.56 | 52.8% |
| RF Regions Financial Corp | 3.08% | $0.74 | 36.5% |
| JPM Jpmorgan Chase & Co | 2.84% | $4 | 33.7% |
| CFR Cullen/Frost Bankers Inc | 2.51% | $3.24 | 43.4% |
| WFC Wells Fargo & Company | 2.42% | $1.15 | 29.6% |
| BAC Bank Of America Corp | 2.36% | $0.86 | 27% |
Yes, Comerica has been paying dividends for the last 27 years.
At this point we don't have a record of CMA's next dividend date, but based on the current dividend schedule we project that it will likely be in March 2023.
Comerica's last dividend ex-date was on Dec 14, 2022. The dividend amount was $0.68 per share.
On an annual basis CMA pays $2.72 per share.
The current dividend yield of Comerica is 3.61%.
Comerica pays dividends quarterly.
The dividend payout ratio of Comerica is 35.5%.
Comerica's dividend yield is more than the Financial Services sector average.