DETROIT, Jan. 21 /PRNewswire/ -- The Board of Directors of Comerica Incorporated (NYSE: CMA) increased the quarterly cash dividend for common stock by 11 percent to forty cents ($.40) per share. The dividend is payable April 1, 2000, to shareholders of record March 15, 2000.
"This continues a long history of dividend increases, and reflects our strong financial performance and solid capital position," said Eugene A. Miller, chairman, president and chief executive officer.
Comerica Incorporated is a multi-state financial services provider headquartered in Detroit, with banking subsidiaries in Michigan, California and Texas, banking operations in Florida and businesses in several other states. Comerica also operates banking subsidiaries in Canada and Mexico. Comerica Incorporated reported total assets of $39 billion at December 31, 1999.
SOURCE Comerica Incorporated
CONTACT: Media, Sharon R. McMurray, 313-222-4881, Wayne J. Mielke, 313-222-4732, or Investor, Judith S. Love, 313-222-2840, all of Comerica Incorporated/
