The ex-dividend date for Comerica (NYSE:CMA) is tomorrow, June 12, 2013. Owners of shares as of market close today will be eligible for a dividend of 17 cents per share. At a price of $38.49 as of 9:30 a.m., the dividend yield is 1.7%.
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, June 12, 2013. Owners of shares as of market close today will be eligible for a dividend of 17 cents per share. At a price of $38.49 as of 9:30 a.m. ET, the dividend yield is 1.7%. The average volume for Comerica has been two million shares per day over the past 30 days. Comerica has a market cap of $7.25 billion and is part of the financial sector and banking industry. Shares are up 28.1% 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 operates in three segments: Business Bank, Retail Bank, and Wealth Management. The company has a P/E ratio of 14.3, below the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates Comerica as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, growth in earnings per share, good cash flow from operations, expanding profit margins and notable return on equity. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook. You can view the full Comerica Ratings Report. See our dividend calendar or top-yielding stocks list. STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more..