DALLAS, Nov. 18 /PRNewswire-FirstCall/ -- The Board of Directors of Comerica Incorporated (NYSE: CMA) today declared a quarterly cash dividend for common stock of thirty-three cents ($0.33) per share. The dividend is payable January 1, 2009, to shareholders of record December 15, 2008.
"As expected, the board of directors has decreased the quarterly dividend by 50 percent to preserve and enhance Comerica's balance sheet strength in this uncertain economic environment," said Ralph W. Babb Jr., chairman and chief executive officer.
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. In addition to Texas, Comerica Bank locations can be found in Arizona, California, Florida and Michigan, with select businesses operating in several other states, as well as in Canada, China and Mexico. Comerica reported total assets of $65.2 billion at September 30, 2008. To receive e-mail alerts of breaking Comerica news, go to http://www.comerica.com/newsalerts.
SOURCE: Comerica Incorporated
CONTACT: Media, Wendy Walker, +1-214-462-6669, or Wayne Mielke,
+1-214-462-4463, or Investors, Darlene Persons, +1-214-462-6831, or Walter
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Web site: http://www.comerica.com