DETROIT, Jan 23, 2007 /PRNewswire-FirstCall via COMTEX News Network/ -- The Board of Directors of Comerica Incorporated (NYSE: CMA) today increased the quarterly cash dividend for common stock by 8.5 percent to sixty-four cents ($0.64) per share. The dividend is payable April 1, 2007 to shareholders of record March 15, 2007.
(Logo: http://www.newscom.com/cgi-bin/prnh/20010807/CMALOGO )
"Comerica has increased its annual dividend for 38 consecutive years," said Ralph W. Babb Jr., chairman and chief executive officer. "It continues to be a reflection of our solid capital position and active approach to capital management."
Comerica Incorporated (NYSE: CMA) is a financial services company headquartered in Detroit, strategically aligned into three major business segments: the Business Bank, the Retail Bank, and Wealth & Institutional Management. Comerica focuses on relationships and helping businesses and people to be successful. Comerica Bank locations can be found in Michigan, California, Texas, Florida and Arizona, with select businesses operating in several other states, and Canada and Mexico. Comerica reported total assets of $58.0 billion at December 31, 2006. To receive e-mail alerts of breaking Comerica news, go to http://www.comerica.com/newsalerts.
SOURCE: Comerica Incorporated
Media Contact: Wayne J. Mielke, +1-313-222-4732, Investor Contacts: Darlene P.
Persons, +1-313-222-2840, Paul Jaremski, +1-313-222-6317, all of Comerica