Company: CMA
Filing Date: 2025-02-24
Form Type: 10-K
Source: 0000028412-25-000108
Chunk: 359

Company: COMERICA INC
Filing Date: 2025-02-24
Form: 10-K
Item: Item 5
Chunk 359
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Item 5.  Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities.

Market Information, Holders of Common Stock and Dividends

Comerica's common stock is traded on the New York Stock Exchange (NYSE Trading Symbol: CMA). At February 20, 2025, there were approximately 7,530 record holders of Comerica's common stock. This number is based on the actual number of holders registered at such date and does not include holders whose shares are held in “street name” by brokers and other nominees. 

    Subject to approval of the Board of Directors, applicable regulatory requirements and the Series A preferred stock dividend preference, Comerica expects to continue its policy of paying regular cash dividends on a quarterly basis. A discussion of dividend restrictions applicable to Comerica is set forth in Notes 13 and 20 of the Notes to Consolidated Financial Statements starting on pages F-79 and F-90, respectively, of the Financial Section of this report, in the "Capital" section starting on page F-16 of the Financial Section of this report and in the “Supervision and Regulation” section of this report.

Equity Compensation Plan Information

The response to this item will be included in Comerica's definitive Proxy Statement relating to its 2025 Annual Meeting of Shareholders, which will be filed with the SEC pursuant to Regulation 14A of the Exchange Act not later than 120 days after the end of the fiscal year covered by this Annual Report on Form 10-K (the "Proxy Statement"). Such information is hereby incorporated by reference herein.

Performance Graph

Our performance graph is available under the caption "Performance Graph" on page F-2 of the Financial Section of this report.

Purchases of Equity Securities by the Issuer and Affiliated Purchasers

Comerica's Board of Directors previously authorized a share repurchase program under which, as of December 31, 2023, an aggregate of 97.2 million shares of common stock could be repurchased since the program’s inception in 2010. On November 5, 2024, the Board of Directors increased the number of authorized shares by 10 million, taking it to an aggregate of 107.2 million shares authorized since the program's inception. The timing and actual amount of share repurchases under Comerica’s repurchase program are subject to various factors, including Comerica's earnings generation, capital needs to fund future