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Commerce Bank announces quarterly dividend

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Commerce Bancshares Inc., the holding company for Commerce Bank, announced July 29 that it has approved a regular quarterly dividend of 24 cents per share on the company’s common stock. The dividend will be paid on Sept. 27 to stockholders of record on Sept. 13.

The dividend comes on the heels of the bank’s quarterly earnings report, which cited record earnings of 80 cents per share for the quarter ended June 30.

Commerce has 330 locations in Missouri, Illinois and Kansas, with major hub markets in St. Louis and Kansas City. The company has more than $14 billion in assets.

Shares of Commerce Bancshares stock (Nasdaq: CBSH) closed Aug. 8 at $53.01.

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