Commerce Bancshares, Inc. Declares Cash Dividends on Common and Preferred Stock, Payable on March 25, 2019 and March 1, 2019 Respectively
January 25, 2019 at 12:55 pm
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Commerce Bancshares, Inc. announced that its Board of Directors declared a quarterly dividend of $0.26 per share on the Company's common stock, which compares to the prior dividend of $0.224 as adjusted for the 5% stock dividend that was paid on December 17, 2018. This represents an increase in the quarterly dividend per share of 16% and marks the 51st consecutive year that the Company has increased its regular cash dividend per share. The dividend is payable on March 25, 2019 to stockholders of record at the close of business on March 8, 2019.
The Board of Directors also declared a quarterly dividend of $0.375 per depositary share on the Company's Series B non-cumulative perpetual preferred stock payable on March 1, 2019, to stockholders of record at the close of business on February 13, 2019.
Commerce Bancshares, Inc. is a bank holding company of Commerce Bank (the Bank). The Bank is engaged in the general banking business, providing a range of retail, mortgage banking, corporate, investment, trust, and asset management products and services. It operates over 257 locations in Missouri, Kansas, Illinois, Oklahoma and Colorado. The Company's segments include Commercial, Consumer and Wealth. The Commercial segment offers corporate lending, merchant and commercial bank card products, payment solutions, leasing, and international services, as well as business and government deposit, investment, institutional brokerage and others. The Consumer segment includes the retail branch network, consumer installment lending, personal mortgage banking, and consumer debit and credit bank card activities. The Wealth segment provides traditional trust and estate planning services, consumer brokerage services, and advisory and discretionary investment portfolio management services.
COMMERCE BANCSHARES, INC. 
