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, up from $0.25 following a previous 5% stock dividend paid on December 17, 2021. This represents a 6% increase in the quarterly dividend and marks the 54th consecutive year of dividend increases. The dividend is payable on March 23, 2022 to stockholders of record as of March 8, 2022. As of December 31, 2021, the company holds $36.7 billion in assets.

Positive

• 6% increase in quarterly dividend per share
• 54th consecutive year of dividend increase
• Demonstrates strong financial performance

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, which compares to the prior dividend of $0.25 as adjusted for the 5% stock dividend that was paid on December 17, 2021. This represents an increase in the quarterly dividend per share of 6% and marks the 54^th consecutive year that the Company has increased its regular cash dividend per share. The dividend is payable on March 23, 2022 to stockholders of record at the close of business on March 8, 2022.

About Commerce Bancshares, Inc.

With $36.7 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 150 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 December 31, 2021

View source version on businesswire.com: https://www.businesswire.com/news/home/20220204005416/en/

Matt Burkemper (314) 746-7485

Matthew.Burkemper@CommerceBank.com

Source: Commerce Bancshares, Inc.

FAQ

What is the dividend amount declared by CBSH?

CBSH declared a quarterly dividend of $0.265 per share.

When will CBSH's dividend be payable?

The dividend will be payable on March 23, 2022.

What was the previous dividend amount for CBSH?

The previous dividend amount was $0.25 per share.

How many years has CBSH increased its dividend?

CBSH has increased its dividend for 54 consecutive years.

What are the record dates for CBSH's dividend?

The record date for CBSH's dividend is March 8, 2022.