Commerce Bancshares, Inc. Declares Cash Dividend on Common Stock

Rhea-AI Summary

Commerce Bancshares, Inc. (NASDAQ: CBSH) has declared a quarterly dividend of $0.265 per share, payable on June 22, 2022, to stockholders on record by June 7, 2022. The company, with $35 billion in assets as of March 31, 2022, provides a full range of banking services including payment solutions and investment management, primarily through its subsidiary, Commerce Bank, serving various regions across the U.S.

Positive

• Quarterly dividend of $0.265 per share declared, demonstrating commitment to returning value to shareholders.
• Strong asset base of $35 billion as of March 31, 2022.

Negative

• None.

KANSAS CITY, Mo.--(BUSINESS WIRE)-- Commerce Bancshares, Inc. (NASDAQ: CBSH) announced today that its Board of Directors declared a quarterly dividend of $0.265 per share on the Company's common stock. The dividend is payable on June 22, 2022 to stockholders of record at the close of business on June 7, 2022.

About Commerce Bancshares, Inc.

With $35 billion in assets¹, Commerce Bancshares, Inc. (NASDAQ: CBSH) is a registered bank holding company offering a full line of banking services, including payment solutions, investment management and securities brokerage. Commerce Bank, a subsidiary of Commerce Bancshares, Inc., leverages more than 155 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.

1. As of March 31, 2022

View source version on businesswire.com: https://www.businesswire.com/news/home/20220420006001/en/

Matt Burkemper (314) 746-7485

Matthew.Burkemper@CommerceBank.com

Source: Commerce Bancshares, Inc.

FAQ

What is the CBSH dividend amount for June 2022?

The dividend amount for CBSH in June 2022 is $0.265 per share.

When is the CBSH dividend payment date?

The CBSH dividend payment date is June 22, 2022.

What is the record date for the CBSH dividend?

The record date for the CBSH dividend is June 7, 2022.

How much are the total assets of Commerce Bancshares, Inc.?

Commerce Bancshares, Inc. has total assets of $35 billion as of March 31, 2022.