The ex-dividend date for Comerica (NYSE:CMA) is tomorrow, June 13, 2012. Owners of shares as of market close today will be eligible for a dividend of 15 cents per share. At a price of $28.73 as of 9:55 a.m., the dividend yield is 2%.
NEW YORK ( TheStreet) -- The ex-dividend date for Comerica (NYSE: CMA) is tomorrow, June 13, 2012. Owners of shares as of market close today will be eligible for a dividend of 15 cents per share. At a price of $28.73 as of 9:55 a.m. ET, the dividend yield is 2%. The average volume for Comerica has been 2.8 million shares per day over the past 30 days. Comerica has a market cap of $5.8 billion and is part of the financial sector and banking industry. Shares are up 9.3% year to date as of the close of trading on Monday. 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 13.5, equal to the average banking industry P/E ratio 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, impressive record of earnings per share growth, compelling growth in net income, good cash flow from operations and expanding profit margins. 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.