Comerica's latest quarterly cash dividend of $0.68 per share was issued to shareholders on record before Sep 14, 2022. The dividend distribution stands at $2.72 per share annually, which comes to a dividend yield of 3.83%.
Comerica's dividend yield of 3.83% is above the Financial Services sector, the industry and its peers average. If we compare it with its Financial Services sector average of 2.95%, Comerica's dividend yield is 30% higher. Historically CMA's dividend yield has averaged at 3.7% in the last 5 years, which is similar to 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 14% from a year ago, the dividend yield has an increase of 16%.
| Ex-date | Payment date | Declared on | Amount | Type |
|---|---|---|---|---|
| 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 39.1% is above the Financial Services sector and the industry average but below its peers average. Compared to its Financial Services sector average of 30.2%, Comerica's payout ratio is 29% higher.
| Name | Dividend yield | DPS | Payout ratio |
|---|---|---|---|
| KEY Keycorp | 4.87% | $0.78 | 33.6% |
| HBAN Huntington Bancshares Inc | 4.7% | $0.62 | 54.4% |
| WSBC Wesbanco Inc | 4.05% | $1.35 | 48% |
| CMA Comerica Inc | 3.83% | $2.72 | 39.1% |
| JPM Jpmorgan Chase & Co | 3.83% | $4 | 32% |
| PNC Pnc Financial Services Group Inc | 3.68% | $5.5 | 43% |
| RF Regions Financial Corp | 3.54% | $0.71 | 31.6% |
| ONB Old National Bancorp | 3.4% | $0.56 | 54.9% |
| BAC Bank Of America Corp | 2.81% | $0.85 | 26.3% |
| WFC Wells Fargo & Company | 2.49% | $1 | 23.8% |
| CFR Cullen/Frost Bankers Inc | 2.36% | $3.12 | 47.8% |
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 December 2022.
Comerica's last dividend ex-date was on Sep 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 3.83%.
Comerica pays dividends quarterly.
The dividend payout ratio of Comerica is 39.1%.
Comerica's dividend yield is more than the Financial Services sector average.