Comerica Inc.'sboard of directors increased the Dallas-based company's quarterly cash dividendto 22 cents per common share under its 2015 capital plan.
The dividend, payable July 1 to common stockholders of recordas of June 15, represents an increase of approximately 5% over the company's previouslydeclared quarterly dividend of 21cents per share.
"The dividend increase reflects our company's solid capitalposition and our continued confidence in Comerica's business model and growth prospects,"Chairman and CEO Ralph Babb Jr. said in an April 26 news release.