The ex-dividend date for Comerica (NYSE:CMA) is tomorrow, September 12, 2012. Owners of shares as of market close today will be eligible for a dividend of 15 cents per share. At a price of $31.74 as of 9:34 a.m., the dividend yield is 1.9%.
Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model NEW YORK ( TheStreet) -- The ex-dividend date for Comerica (NYSE: CMA) is tomorrow, September 12, 2012. Owners of shares as of market close today will be eligible for a dividend of 15 cents per share. At a price of $31.74 as of 9:34 a.m. ET, the dividend yield is 1.9%. The average volume for Comerica has been 1.9 million shares per day over the past 30 days. Comerica has a market cap of $6.24 billion and is part of the financial sector and banking industry. Shares are up 24.9% 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, expanding profit margins and solid stock price performance. We feel these strengths outweigh the fact that the company shows weak operating cash flow. You can view the full Comerica Ratings Report. See our dividend calendar or top-yielding stocks list. FREE from Real Money's Jim Cramer: Winners and Losers Election 2012 - Steps to take NOW so you can profit no matter who is in charge! Free download now.