Financial-services specialist Comerica (NYSE:CMA) announced yesterday its third-quarter dividend of $0.17 per share, the same rate it's paid for the past two quarters after raising the payout 13% from $0.15 per share.
The board of directors said the quarterly dividend is payable on Oct. 1 to the holders of record at the close of business on Sept. 13. The financial services specialist has made quarterly payouts to investors since 1997.
The regular dividend payment equates to a $0.68-per-share annual dividend, yielding 1.6% based on the closing price today of Comerica's stock.
Fool contributor Rich Duprey and The Motley Fool have no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.