Skip to main content

Market Overview

Comerica Plans Share Repurchase of Up to $375M; Management Recommends Board Increase Quarterly Dividend 50%


Comerica Incorporated (NYSE: CMA) today announced that the Federal Reserve had completed its 2012 Capital Plan review and that it did not object to the Comerica capital plan and capital distributions contemplated in the plan. The plan provides for up to $375 million in equity repurchases for the period commencing the first quarter 2012 and ending the first quarter 2013. The plan, which was approved by Comerica's Board of Directors, further contemplates an increase in Comerica's quarterly dividend from 10 cents per share to 15 cents per share, a 50 percent increase.

The dividend proposal will be considered by the Board at its April 24, 2012, meeting. In addition, Comerica's Capital Plan includes the authority to redeem its remaining $25 million of trust preferred securities when callable.


Related Articles (CMA)

View Comments and Join the Discussion!

Posted-In: News Dividends

Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
Everything you need to know about the latest SPAC news.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at