DETROIT, Jan. 15 /PRNewswire/ -- The Board of Directors of Comerica
Incorporated (NYSE: CMA) increased the quarterly cash dividend for common
stock by 13 percent to thirty-six cents ($.36) per share. The dividend is
payable April 1, 1999, to shareholders of record March 15, 1999.
``This continues a long history of dividend increases, and reflects our
strong financial performance and solid capital position,'' said Eugene A.
Miller, chairman and chief executive officer.
Comerica Incorporated is a multi-state financial services provider
headquartered in Detroit that operates banking subsidiaries in Michigan,
California and Texas. It also operates banking subsidiaries in Canada and
Mexico. Comerica Incorporated reported total assets of $34 billion at
September 30, 1998. Comerica is celebrating its 150th anniversary in 1999.
