DETROIT -- Comerica Inc. said its board has authorized a 2-for-1 stock split, in the form of a 100% stock dividend. The company also increased the quarterly cash dividend by 8.5%, to 25.5 cents, payable Jan. 4 to shareholders of record on Dec. 15.

On a pre-split basis, the new quarterly cash dividend is 51 cents a share, up from 47 cents. The dividend will be payable on all shares, including those issued in connection with the stock split.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.