Comerica's latest quarterly cash dividend of $0.71 per share was issued to shareholders on record before Mar 14, 2024. The dividend distribution stands at $2.84 per share annually, which comes to a dividend yield of 5.4%.
Comerica's dividend yield of 5.4% is above the Financial Services sector, the industry and its peers average. If we compare it with its Financial Services sector average of 3.38%, Comerica's dividend yield is 60% higher. Historically CMA's dividend yield has averaged at 4.8% in the last 5 years, which is less than the current yield.
Comerica has been paying dividends for the last 29 years. Our records show that CMA has distributed four quarterly dividends in the past year. The annualized dividend per share has an increase of 3.3% since twelve months ago. However with the price of the stock up by 20% from a year ago, the dividend yield has a decrease of 14%.
| Ex-date | Payment date | Declared on | Amount | Type |
|---|---|---|---|---|
| Mar 14, 2024 | Apr 1, 2024 | Feb 27, 2024 | $0.71 | normal |
| Dec 14, 2023 | Jan 1, 2024 | Nov 7, 2023 | $0.71 | normal |
| Sep 14, 2023 | Oct 1, 2023 | Jul 25, 2023 | $0.71 | normal |
| Jun 14, 2023 | Jul 1, 2023 | Apr 25, 2023 | $0.71 | normal |
| 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 43.9% is above the Financial Services sector and the industry average but below its peers average. Compared to its Financial Services sector average of 39.5%, Comerica's payout ratio is 11% higher.
| Name | Dividend yield | DPS | Payout ratio |
|---|---|---|---|
| KEY Keycorp | 5.49% | $0.82 | 92.1% |
| CMA Comerica Inc | 5.36% | $2.84 | 43.9% |
| WSBC Wesbanco Inc | 5.02% | $1.42 | 56.6% |
| RF Regions Financial Corp | 4.65% | $0.92 | 43.6% |
| HBAN Huntington Bancshares Inc | 4.5% | $0.62 | 49.2% |
| PNC Pnc Financial Services Group Inc | 3.92% | $6.2 | 48.4% |
| ONB Old National Bancorp | 3.38% | $0.56 | 28.7% |
| CFR Cullen/Frost Bankers Inc | 3.11% | $3.63 | 39.8% |
| BAC Bank Of America Corp | 2.45% | $0.94 | 30.3% |
| WFC Wells Fargo & Company | 2.23% | $1.35 | 27.7% |
| JPM Jpmorgan Chase & Co | 2.2% | $4.25 | 26.2% |
Yes, Comerica has been paying dividends for the last 29 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 June 2024.
Comerica's last dividend ex-date was on Mar 14, 2024. The dividend amount was $0.71 per share.
On an annual basis CMA pays $2.84 per share.
The current dividend yield of Comerica is 5.4%.
Comerica pays dividends quarterly.
The dividend payout ratio of Comerica is 43.9%.
Comerica's dividend yield is more than the Financial Services sector average.