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.

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