Today Comerica (CMA) announced an 8.5% YOY increase in its quarterly cash dividend. The new quarterly dividend is 64 cents per share versus 59 cents in the same period last year. The payout ratio based on 2007 earnings estimates is 52% versus a 5-year historical average of 50%.
Also, Praxair (PX) announced a 20% YOY increase in its cash dividend. The new quarterly dividend is 30 cents per share versus 25 cents per share in the same period last year. The payout ratio on 2007 earnings estimates is 35% versus a 5-year historical average of 28%.
Also, Praxair (PX) announced a 20% YOY increase in its cash dividend. The new quarterly dividend is 30 cents per share versus 25 cents per share in the same period last year. The payout ratio on 2007 earnings estimates is 35% versus a 5-year historical average of 28%.
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