As per Comerica Incorporated (NYSE:CMA)’s news release on 2016-07-26, its shareholders will get cash dividend of $0.23 per share. The recent press release updated on the record date and payout date, which stands at 2016-09-15 and 2016-10-01, respectively.
The stock will commence trading ex-dividend from 2016-09-13, until, which the shareholders are compelled to keep the holdings so as to qualify for the dividend. Evaluating the dividend distribution mode, it was noted that last year Comerica Incorporated (NYSE:CMA) disbursed $0.23 in dividend compared to distribution of $0.23, a year ago.
It highlights a sharp difference in cash payouts of the two years. This shows a major deviation of 5.0633%.
The sell-side market professionals who track the firm’s financial and technical parameters have estimated Comerica Incorporated (NYSE:CMA) to attain a price target of $46.625. It is an average estimate figure given by 16 analysts tracking the stock. The estimates disclosed that the stock can move up on the chart and hit a high of $50. The low price range is set at $42 for next year while the arithmetic mean is seen at 2.78.
Eyeing Earnings Comerica Incorporated (NYSE:CMA) is likely to post quarterly numbers around 2016-10-21 for the quarter ending 2016-09-30. The quarterly EPS projection is set at $0.78 for the period ending on 2016-09-30.
In last quarter ended 2015-12-31, Comerica Incorporated (NYSE:CMA) earnings came at $0.77 suggesting a deviation of $0.09. The brokerages targeted EPS of $0.68 for the quarter.
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