Commerce Bank declares stock, quarterly dividends

Commerce Bancshares Inc. on Friday declared a stock dividend and a quarterly cash dividend.

The Kansas City-based holding company for Commerce Bank declared a 5 percent stock dividend, as well as a 25-cent-per-share dividend for the quarter. The quarterly dividend will not be paid on any shares issued under the stock dividend.

Both dividends are payable Dec. 1 to shareholders of record as of Nov. 14.

Commerce shares (Nasdaq: CBSH) closed Friday at $47.28 and were trading down at $46.99 as of 11:15 this morning. The 52-week range is $36.50 to $55.50.