Here's How Comerica Can Afford Its 5.7% Dividend Yield
(NYSE: CMA) is not a big-name megabank, but it has a big-time dividend that pays out a rather large 5.7% yield. Like many small and mid-sized regional banks, it has endured a difficult 2023, given the turmoil that took place in the industry earlier this year and its lingering effects.
But if you are looking for a good dividend stock, Comerica is one to consider. While its stock price is down, Comerica maintains an excellent payout. Here's how the bank can afford it.
One important thing to know about Comerica's high yield is that it is not a dividend trap, which is one that is artificially high and unsustainable.
Source Fool.com
Comerica Inc. Stock
€49.20
0.410%
Currently there is a rather positive sentiment for Comerica Inc. with 26 Buy predictions and 5 Sell predictions.
With a target price of 55 € there is a slightly positive potential of 11.79% for Comerica Inc. compared to the current price of 49.2 €.
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