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Comerica increases quarterly dividend 13 percent

DALLAS (AP) -- Regional banking company Comerica Inc. said Tuesday its board increased its quarterly dividend by 13 percent, to 17 cents from 15 cents.

The Dallas company will pay the dividend April 1 to shareholders of record March 15.

Last week, the company reported a 35 percent jump in fourth-quarter net income, as Comerica set aside less reserves for bad loans.

Comerica shares ended Tuesday trading up 13 cents at $33.79.