Commerce Bancshares, Inc. Declares Stock Dividend and Quarterly Cash Dividend on Common Stock
10/28/2022 - 01:15 PM
KANSAS CITY, Mo. --(BUSINESS WIRE)--
Commerce Bancshares, Inc. (NASDAQ: CBSH) announced today that its Board of Directors declared a quarterly dividend of $0.26 5December 16, 2022 , to stockholders of record at the close of business on December 2, 2022 .
The Board of Directors also approved a 5% common stock dividend payable on December 19, 2022 to shareholders of record at the close of business on December 2, 2022 . Statements reflecting the issuance of shares as a result of the stock dividend should be mailed on or about December 19, 2022 . 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 quarterly cash dividend will not be payable on any shares to be issued pursuant to the 5% stock dividend.
About Commerce Bancshares, Inc.
With $32.6 billion 1 , Commerce Bancshares, Inc. (NASDAQ: CBSH) is a registered bank holding company offering a full line of banking services through its subsidiaries, including payment solutions, investment management and securities brokerage. One of its subsidiaries, Commerce Bank , 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 September 30, 2022
View source version on businesswire.com : https://www.businesswire.com/news/home/20221028005442/en/
Matt Burkemper (314) 746-7485
Matthew.Burkemper@CommerceBank.com
Source: Commerce Bancshares, Inc.
Commerce Bancshares, Inc.
CBSH Rankings
#4256 Ranked by Stock Gains
CBSH Stock Data
Industry
Commercial Banking
Sector
Finance and Insurance
Tags
Finance, Regional Banks, Finance and Insurance, Commercial Banking
About CBSH
commerce bank, a missouri-based company, operates as a super-community bank offering an array of sophisticated financial products delivered with high-quality, personal customer service including: • lending; • payment systems and processing; • trust and brokerage services; • capital markets; • full-feature online banking; • a central contact center; and • an expansive atm network. commerce serves its customers in more than 200 branches in missouri, kansas, illinois, oklahoma and colorado, as well as commercial offices in cincinnati, nashville, and dallas. we believe in conducting business with the highest standards of governance and ethics. we provide products and services that meet the rising expectations of our customers; attract and retain quality employees; support our communities; and work to lessen our environmental impact. we have headquarters in kansas city and st. louis with a fifth-generation of family management and empowered local managers in our community banks.
