Commerce Bancshares, Inc. Declares Dividend, Payable on March 24, 2014
January 31, 2014 at 04:43 pm
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Commerce Bancshares, Inc. announced that its Board of Directors declared a quarterly dividend of $0.225 per share on the company's common stock, which compares to the regular prior dividend of $0.214 as adjusted for the 5% stock dividend that was paid on December 16, 2013. This represents an increase in the quarterly dividend per share of 5% and marks the 46(th) consecutive year that the company has increased its regular cash dividend per share. The dividend is payable on March 24, 2014 to stockholders of record at the close of business on March 5, 2014.
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.