Comerica's latest quarterly cash dividend of $0.71 per share was issued to shareholders on record before Mar 14, 2023. The dividend distribution stands at $2.75 per share annually, which comes to a dividend yield of 7.05%. The latest CMA dividend of $0.71 is an increase from the previous $0.68 payout, representing a growth of 4.4%.
Comerica's dividend yield of 7.05% is above the Financial Services sector, the industry and its peers average. If we compare it with its Financial Services sector average of 3.81%, Comerica's dividend yield is 85% higher. Historically CMA's dividend yield has averaged at 4.1% in the last 5 years, which is less than the current yield.
Comerica has been paying dividends for the last 28 years. Our records show that CMA has distributed four quarterly dividends in the past year. The annualized dividend per share has an increase of 1.1% since twelve months ago. And with the price of the stock down by 53% from a year ago, the dividend yield has an increase of 115%.
Ex-date | Payment date | Declared on | Amount | Type |
---|---|---|---|---|
Mar 14, 2023 | Apr 1, 2023 | Feb 28, 2023 | $0.71 | normal |
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 28.7% is below the Financial Services sector, the industry and its peers average. Compared to its Financial Services sector average of 32.1%, Comerica's payout ratio is 11% lower.
Name | Dividend yield | DPS | Payout ratio |
---|---|---|---|
KEY Keycorp | 8.19% | $0.81 | 45.5% |
CMA Comerica Inc | 7.05% | $2.75 | 28.7% |
HBAN Huntington Bancshares Inc | 5.89% | $0.62 | 39.7% |
WSBC Wesbanco Inc | 5.65% | $1.38 | 45.5% |
PNC Pnc Financial Services Group Inc | 5.05% | $6 | 41% |
ONB Old National Bancorp | 4.35% | $0.56 | 27.5% |
RF Regions Financial Corp | 4.33% | $0.77 | 32.6% |
CFR Cullen/Frost Bankers Inc | 3.19% | $3.36 | 33.4% |
BAC Bank Of America Corp | 3.07% | $0.87 | 26% |
JPM Jpmorgan Chase & Co | 2.92% | $4 | 29.5% |
WFC Wells Fargo & Company | 2.91% | $1.2 | 34% |
Yes, Comerica has been paying dividends for the last 28 years.
CMA's next dividend is scheduled on Jun 14, 2023 (ex-date).
Comerica's last dividend ex-date was on Mar 14, 2023. The dividend amount was $0.71 per share.
On an annual basis CMA pays $2.75 per share.
The current dividend yield of Comerica is 7.05%.
Comerica pays dividends quarterly.
The dividend payout ratio of Comerica is 28.7%.
Comerica's dividend yield is more than the Financial Services sector average.