Comerica Coping with Challenges: Bouncing Back with Steady Distribution and Decreasing Investor Rewards
Investors eagerly anticipate the dividend payout from Comerica (NYSE:CMA) on January 01, 2024. With a payout of $0.71 per share and an annualized dividend yield of 6.61%, this reward is exclusively for shareholders who held the stock before the ex-dividend date on December 14, 2023
Comerica Recent Dividend Payouts
| Ex-Date | Payments per year | Dividend | Yield | Announced | Record | Payable |
|---|---|---|---|---|---|---|
| 2023-12-14 | 4 | $0.71 | 6.61% | 2023-11-07 | 2023-12-15 | 2024-01-01 |
| 2023-09-14 | 4 | $0.71 | 5.48% | 2023-07-25 | 2023-09-15 | 2023-10-01 |
| 2023-06-14 | 4 | $0.71 | 6.66% | 2023-04-25 | 2023-06-15 | 2023-07-01 |
| 2023-03-14 | 4 | $0.71 | 4.05% | 2023-02-28 | 2023-03-15 | 2023-04-01 |
| 2022-12-14 | 4 | $0.68 | 3.87% | 2022-11-08 | 2022-12-15 | 2023-01-01 |
| 2022-09-14 | 4 | $0.68 | 3.44% | 2022-07-26 | 2022-09-15 | 2022-10-01 |
| 2022-06-14 | 4 | $0.68 | 3.25% | 2022-04-26 | 2022-06-15 | 2022-07-01 |
| 2022-03-14 | 4 | $0.68 | 2.84% | 2022-02-23 | 2022-03-15 | 2022-04-01 |
| 2021-12-14 | 4 | $0.68 | 3.12% | 2021-11-02 | 2021-12-15 | 2022-01-01 |
| 2021-09-14 | 4 | $0.68 | 4.01% | 2021-07-27 | 2021-09-15 | 2021-10-01 |
| 2021-06-14 | 4 | $0.68 | 3.83% | 2021-04-27 | 2021-06-15 | 2021-07-01 |
| 2021-03-12 | 4 | $0.68 | 3.99% | 2021-02-23 | 2021-03-15 | 2021-04-01 |
When comparing Comerica's dividend yield against its industry peers, the company sits comfortably in the middle, with its peer BanColombia (NYSE:CIB) having the highest annualized dividend yield at 9.31%.
Analyzing Comerica Financial Health
Companies that pay out steady cash dividends are attractive to income-seeking investors, and companies that are financially healthy tend to maintain their dividend payout schedule. For this reason, investors can find it insightful to see if a company has been increasing or decreasing their dividend payout schedule and if their earnings are growing.
YoY Growth in Dividend Per Share
The company demonstrated a positive dividend growth pattern from 2020 to 2023, with the dividend per share rising from $2.72 to $2.84. This signifies the company's commitment to consistently increasing shareholder dividends.
YoY Earnings Growth For Comerica
The earnings chart illustrates an increase in Comerica's earnings per share, from $3.63 in 2020 to $8.82 in 2023. This positive earnings growth provides income-seeking investors with optimism, as it suggests potential for higher cash dividend payouts in the future.
Recap
In this article, we explore the recent dividend payout of Comerica and its significance for shareholders. The company has decided to distribute a dividend of $0.71 per share today, which equates to an annualized dividend yield of 6.61%.
When comparing Comerica's dividend yield against its industry peers, the company sits comfortably in the middle, with its peer BanColombia having the highest annualized dividend yield at 9.31%.
Given that Comerica has experienced an increase in dividend per share from 2020 to 2023 along with an increase in earnings per share, it could signal that the company is in good financial standing and that they could be positioned to continue distributing their profits back to their investors.
It is advisable for investors to monitor the company's performance in the coming quarters to stay in the loop about any adjustments in financials or dividend disbursements.
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This article was generated by Benzinga's automated content engine and reviewed by an editor.