Comerica Incorporated (NYSE:CMA) will begin trading ex-dividend on September 14, 2020. The quarterly dividend payment of $ 0.68 per share is scheduled to be paid on October 1, 2020. The dividend yield based on the latest trading day closing price was 6.94 %. To secure the dividend payout, investors must buy the stock prior to the ex-dividend date..
Dividends History
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Comerica Incorporated recently reported second quarter financial results on July 21, 2020, before market open, financial products and services provider unfold income for the second quarter of $ 0.80 per share, from the revenue of $ 718.00 million. The quarterly earnings lowered 58.76 percent while revenues reduced 15.83 percent compared with the same quarter last year.
The consensus estimates are income of $ 0.21 per share from $ 697.97 million in revenue. The bottom line results beat street analysts by $ 0.59 or 280.95 percent, at the same time, top line results outshined analysts by $ 20.03 million or 2.87 percent.
Stock Performance
Shares of Comerica Incorporated traded low $ -0.50 or -1.26 percent on Thursday, reaching $ 39.20 with volume of 1.73 million shares. Comerica Incorporated has traded high as $ 40.89 and has cracked $ 39.08 on the downward trend
According to the previous trading day, closing price of $ 39.20, representing a 63.51 % increase from the 52 week low of $ 24.28 and a 45.93 % decrease over the 52 week high of $ 73.43.
The company has a market capital of $ 5.45 billion and is part of the Financial Services sector and Banks – Regional – US industry.
Comerica Incorporated, through its subsidiaries, provides various financial products and services. It operates through three segments: Business Bank, Retail Bank, and Wealth Management. The Business Bank segment offers various products and services, including commercial loans and lines of credit, deposits, cash management, capital market products, international trade finance, letters of credit, foreign exchange management services, and loan syndication services middle market businesses, multinational corporations, and governmental entities.
