DALLAS, Jan. 22 /PRNewswire-FirstCall/ -- The Board of Directors of Comerica Incorporated (NYSE: CMA) today increased the quarterly cash dividend for common stock by 3.1 percent to sixty-six cents ($0.66) per share. The dividend is payable April 1, 2008 to shareholders of record March 15, 2008.
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"Comerica has increased its annual dividend for 39 consecutive years," said Ralph W. Babb Jr., chairman and chief executive officer. "Our capital position has remained strong in this challenged economic environment."
Comerica Incorporated is a financial services company headquartered in Dallas, Texas, and strategically aligned by three business segments: The Business Bank, The Retail Bank, and Wealth & Institutional Management. Comerica focuses on relationships, and helping people and businesses be successful. Comerica Bank locations can be found in Michigan, California, Texas, Arizona and Florida, with select businesses operating in several other states, and Canada and Mexico. Comerica reported total assets of $62.3 billion at December 31, 2007. To receive e-mail alerts of breaking Comerica news, go to http://www.comerica.com/newsalerts.
SOURCE: Comerica Incorporated
CONTACT: Media: Wayne Mielke, +1-214-462-4463, or Investors: Darlene
Persons, +1-313-222-2840, or Paul Jaremski, +1-214-969-6476, all of Comerica
Incorporated
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Web site: http://www.comerica.com
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