Commerce Bancshares, Inc. Declares Cash Dividend on Common Stock

Rhea-AI Summary

Commerce Bancshares, Inc. (NASDAQ: CBSH) declared a quarterly dividend of $0.2625 per share on its common stock. This dividend is set to be paid on June 21, 2021, to shareholders of record as of June 4, 2021. With total assets of $33.3 billion as of March 31, 2021, Commerce Bancshares provides a wide range of banking services, including payment solutions and investment management, primarily in the Midwest region.

Positive

• Declared a quarterly dividend of $0.2625 per share, enhancing shareholder income.
• Stable asset base of $33.3 billion, indicating financial strength.

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. The dividend is payable on June 21, 2021 to stockholders of record at the close of business on June 4, 2021.

About Commerce Bancshares, Inc.

With $33.3 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 March 31, 2021

View source version on businesswire.com: https://www.businesswire.com/news/home/20210421005906/en/

FAQ

What is the dividend amount for CBSH?

Commerce Bancshares, Inc. has declared a quarterly dividend of $0.2625 per share.

When will the CBSH dividend be paid?

The dividend for CBSH will be paid on June 21, 2021.

What is the record date for CBSH's dividend?

The record date for CBSH's dividend is June 4, 2021.

How does CBSH's dividend impact shareholders?

The dividend provides an income stream for shareholders, reflecting the company's profitability and stability.