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COMERICA DIRECTORS INCREASE DIVIDEND

 DETROIT, July 16 /PRNewswire/ -- The board of directors of Comerica Incorporated (NYSE: CMA) today increased the quarterly cash dividend by 9.8 percent to twenty-eight cents ($.28) per share. The dividend is payable Oct. 1, 1993, to shareholders of record Sept. 15, 1993.
 "The increase in the dividend is reflective of our policy to maintain a strong capital position while providing a generous return to our investors," said Eugene A. Miller, chairman and chief executive officer.
 The last increase in the dividend occurred in the fourth quarter of 1992, when the dividend was increased to 25.5 cents from 23.5 cents per share.
 Comerica Incorporated is a banking holding company headquartered in Detroit that operates banks in Michigan, Texas, Illinois, California and Florida.
 -0- 7/16/93
 /CONTACT: (Media) Sharon R. McMurray, 313-222-4881, or Wayne J. Mielke, 313-222-4732, or (Investors) Leonard B. Carleton, 313-222-4940, or Judith V. Hicks, 313-222-6317, all of Comerica Incorporated/
 (CMA)


CO: Comerica Incorporated ST: Michigan IN: FIN SU: DIV

JG -- DE014 -- 2513 07/16/93 13:27 EDT
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Publication:PR Newswire
Date:Jul 16, 1993
Words:173
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