KANSAS CITY, Mo.--(BUSINESS WIRE)--
Commerce Bancshares, Inc. (CBSH) announced today that its Board of Directors approved a 5 percent common stock dividend payable on December 17, 2018 to shareholders of record at the close of business on November 30, 2018. Statements reflecting the issuance of shares as a result of the stock dividend should be mailed on or about December 17, 2018. 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 $0.235 per share on the Company's common stock payable December 17, 2018, to stockholders of record at the close of business on November 30, 2018 (the dividend will not be payable on any shares to be issued pursuant to the 5% stock dividend), and a quarterly dividend of $0.3750 per depositary share on the Company’s Series B non-cumulative perpetual preferred stock (CBSHP) payable December 3, 2018, to stockholders of record at the close of business on November 13, 2018.
About Commerce Bancshares, Inc.
Commerce Bancshares, Inc. (CBSH) is a regional bank holding company with $25.1 billion in assets, as of September 30, 2018, offering a full line of banking services, including investment management and securities brokerage. The Company currently operates banking facilities in nine key markets including St. Louis, Kansas City, Springfield, Central Missouri, Central Illinois, Wichita, Tulsa, Oklahoma City and Denver. The Company also maintains commercial offices in Dallas, Houston, Cincinnati, Nashville, Des Moines, Indianapolis, and Grand Rapids.
For additional information, please visit www.commercebank.com.