Comerica Inc. said Tuesday it raised its quarterly dividend by 13% to 34 cents a share. The new dividend, up from 30 cents a share, will be payable July 1 to shareholders of record on June 15. The Texas-based bank's stock eased 0.2% in afternoon trade to $95.86. At current prices, the new annual dividend rate implies a dividend yield of 1.42%, compared with the dividend yield for the SPDR S&P Bank ETF of 1.42% and the implied yield for S&P 500 of 1.98, according to FactSet. Comerica's stock has rallied 10.4% year to date, while the bank ETF has tacked on 2.4% and the S&P 500 has shed 1.8%.