Commerce Bancshares, Inc. Declares Stock Dividend and Quarterly Cash Dividend on Common Stock

Rhea-AI Summary

Commerce Bancshares, Inc. (NASDAQ: CBSH) has announced a 5% common stock dividend payable on December 17, 2021, for shareholders of record as of December 2, 2021. In addition, a quarterly dividend of $0.2625 per share will also be disbursed on the same date. Commerce Bancshares holds approximately $34.5 billion in assets and provides various banking services across the Midwest.

Positive

• 5% common stock dividend indicates shareholder return commitment.
• Quarterly dividend of $0.2625 per share boosts income for investors.

Negative

• None.

KANSAS CITY, Mo.--(BUSINESS WIRE)-- Commerce Bancshares, Inc. (NASDAQ: CBSH) announced today that its Board of Directors approved a 5% common stock dividend payable on December 17, 2021 to shareholders of record at the close of business on December 2, 2021. Statements reflecting the issuance of shares as a result of the stock dividend should be mailed on or about December 17, 2021. No fractional shares will be issued, and shareholders will receive cash for such fractional interests based on the market value of the stock on the record date.

The Board of Directors also declared a quarterly dividend of $0.2625 per share on the Company's common stock payable December 17, 2021, to stockholders of record at the close of business on December 2, 2021 (the dividend will not be payable on any shares to be issued pursuant to the 5% stock dividend).

About Commerce Bancshares, Inc.

With $34.5 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 September 30, 2021

View source version on businesswire.com: https://www.businesswire.com/news/home/20211112005805/en/

Matthew Burkemper (314) 746-7485

Matthew.Burkemper@CommerceBank.com

Source: Commerce Bancshares, Inc.

FAQ

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

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

When is the dividend payable for CBSH?

The dividend is payable on December 17, 2021.

What is the record date for CBSH's dividend?

The record date for the dividend is December 2, 2021.

Is there a stock dividend declaration for CBSH?

Yes, a 5% common stock dividend has been approved.

Will fractional shares be issued in CBSH's stock dividend?

No fractional shares will be issued; cash will be provided for fractional interests.