Commerce Bancshares, Inc. Declares Cash Dividend on Common Stock

Rhea-AI Summary

Commerce Bancshares, Inc. (NASDAQ: CBSH) has declared a quarterly dividend of $0.27 per share on its common stock. This dividend will be payable on June 20, 2023, to stockholders of record as of June 5, 2023. With $32 billion in assets as of March 31, 2023, Commerce Bancshares provides a range of banking services through its subsidiary, Commerce Bank, which operates full-service banking facilities and offers payment solutions across the U.S.

Positive

• Declared a quarterly dividend of $0.27 per share, indicating confidence in sustained profitability.
• Dividend payment date set for June 20, 2023, providing returns to shareholders.

Negative

• None.

KANSAS CITY, Mo.--(BUSINESS WIRE)-- Commerce Bancshares, Inc. (NASDAQ: CBSH) announced today that its Board of Directors declared a quarterly dividend of $0.27 per share on the Company's common stock. The dividend is payable on June 20, 2023 to stockholders of record at the close of business on June 5, 2023.

About Commerce Bancshares, Inc.

With $32 billion in assets¹, Commerce Bancshares, Inc. (NASDAQ: CBSH) is a regional bank holding company offering a full line of banking services through its subsidiaries, including payment solutions, investment management and securities brokerage. One of its subsidiaries, Commerce Bank, leverages nearly 160 years of proven strength and experience to help individuals and businesses solve financial challenges. In addition to offering payment solutions across the U.S., Commerce Bank currently operates full-service banking facilities across the Midwest including the St. Louis and Kansas City metropolitan areas, Springfield, Central Missouri, Central Illinois, Wichita, Tulsa, Oklahoma City, and Denver. It also maintains commercial offices in Dallas, Houston, Cincinnati, Nashville, Des Moines, Indianapolis, and Grand Rapids. Commerce delivers high-touch service and sophisticated financial solutions at regional branches, commercial offices, ATMs, online, mobile and through a 24/7 customer service line. Learn more at www.commercebank.com.

¹As of March 31, 2023

View source version on businesswire.com: https://www.businesswire.com/news/home/20230419005893/en/

Matt Burkemper, (314) 746-7485

Matthew.Burkemper@CommerceBank.com

Source: Commerce Bancshares, Inc.

FAQ

What is the dividend amount declared by Commerce Bancshares, Inc.?

Commerce Bancshares, Inc. declared a dividend of $0.27 per share.

When is the dividend payable for Commerce Bancshares, Inc. stock?

The dividend is payable on June 20, 2023.

What is the record date for the dividend of CBSH?

The record date for the dividend is June 5, 2023.

What is the asset size of Commerce Bancshares, Inc.?

Commerce Bancshares, Inc. has assets totaling $32 billion as of March 31, 2023.

What services does Commerce Bank offer?

Commerce Bank offers a full line of banking services, including payment solutions and investment management.