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Comerica Declares Dividends; Announces Increase in Share Repurchase Authorization and Results from Annual Shareholders' Meeting


Comerica Declares Dividends; Announces Increase in Share Repurchase Authorization and Results from Annual Shareholders Meeting
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DALLAS, April 27, 2021 /PRNewswire/  Comerica Incorporated (NYSE: CMA) announced its Board of Directors declared a quarterly cash dividend for common stock of 68 cents ($0.68) per share. The dividend is payable July 1, 2021, to shareholders of record at the close of business on June 15, 2021.
The Board also declared a dividend of $1,406.25 per share (equivalent to $14.0625 per depositary share) on the Series A Non-Cumulative Perpetual Preferred Stock of Comerica Incorporated, payable July 1, 2021, to preferred stock shareholders of record at the close of business on June 15, 2021. ....

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Inside the Industry


Elevate Textiles, which includes American & Efird, Burlington, Cone Denim, Gütermann and Safety Components, announced that it has joined the Sustainable Apparel Coalition. Through its membership, the global group is committing to supply-chain sustainability within the apparel, footwear and textile industries through providing data and resources to support the Higg Index. “Elevate and its brands share a longstanding commitment to being a leader in the development of sustainable products,” said Jimmy Summers, chief sustainability officer. “We work with many partners to continuously identify and lead various initiatives, and we are pleased to add the Sustainable Apparel Coalition to the industry initiatives in which we take part.” ....

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13 Must Reads for the CRE Industry on March 3, 2021


13 Must Reads for the CRE Industry Today (March 3, 2021)
An infrastructure bill is likely to cause challenges for President Biden, according to The New York Times. The Wall Street Journal looks at a company that tries to turn home rental tenants into homeowners. These are among today’s must reads from around the commercial real estate industry.
After Stimulus, Biden to Tackle Another Politically Tricky Issue: Infrastructure “Unless the parties can agree on how to fund an infrastructure plan, Mr. Biden might have to try to push through another sprawling spending package with only Democratic votes. The task could prove exceptionally difficult given the competing pressures the president will face from centrists and progressives in his party and the absence of a pandemic emergency to help fuse those factions in support of the bill.” ( ....

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