Comerica Stock To Go Ex-dividend Tomorrow (CMA)

NEW YORK ( TheStreet) -- The ex-dividend date for Comerica (NYSE: CMA) is tomorrow, March 13, 2012. Owners of shares as of market close today will be eligible for a dividend of 10 cents per share. At a price of $30.44 as of 9:30 a.m. ET, the dividend yield is 1.3%.

The average volume for Comerica has been 3.4 million shares per day over the past 30 days. Comerica has a market cap of $5.88 billion and is part of the financial sector and banking industry. Shares are up 18% year to date as of the close of trading on Friday.

Comerica Incorporated, through its subsidiaries, provides financial products and services primarily in Texas, Arizona, California, Florida, and Michigan. The company has a P/E ratio of 14.4, above the average banking industry P/E ratio of 14.2 and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Comerica as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, expanding profit margins and notable return on equity. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. You can view the full Comerica Ratings Report.

See our dividend calendar or top-yielding stocks list.
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