Commerce Bancshares, Inc. Declares Cash Dividend on Common Stock

Rhea-AI Summary

Commerce Bancshares, Inc. (NASDAQ: CBSH) has declared a quarterly dividend of $0.2625 per share, representing a 2% increase from the previous dividend of $0.257, adjusted for a prior 5% stock dividend. This increase marks the 53^rd consecutive year of dividend growth for the Company. The dividend will be payable on March 24, 2021, to stockholders of record by the close of business on March 9, 2021. With assets totaling $32.9 billion, Commerce Bancshares offers a full range of banking services across various locations in the U.S.

Positive

• Quarterly dividend increased by 2% to $0.2625 per share.
• 53rd consecutive year of increasing dividends.
• Company's strong financial foundation with $32.9 billion in assets.

Negative

• None.

Commerce Bancshares, Inc. (NASDAQ: CBSH) announced today that its Board of Directors declared a quarterly dividend of $0.2625 per share on the Company's common stock, which compares to the prior dividend of $0.257 as adjusted for the 5% stock dividend that was paid on December 18, 2020. This represents an increase in the quarterly dividend per share of 2% and marks the 53^rd consecutive year that the Company has increased its regular cash dividend per share. The dividend is payable on March 24, 2021 to stockholders of record at the close of business on March 9, 2021.

About Commerce Bancshares, Inc.

With $32.9 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, 2020

View source version on businesswire.com: https://www.businesswire.com/news/home/20210205005430/en/

FAQ

What is the latest dividend amount for Commerce Bancshares (CBSH)?

The latest dividend amount is $0.2625 per share.

When is the dividend payable date for CBSH?

The dividend is payable on March 24, 2021.

What is the dividend history for CBSH?

Commerce Bancshares has increased its dividend for 53 consecutive years.

What was the previous dividend amount for CBSH?

The previous dividend amount was $0.257 per share.

When is the record date for the CBSH dividend?

The record date is March 9, 2021.