Commerce declares 25-cent dividend

SBJ Staff

Posted online July 29, 2007 | 11:00 pm

Commerce Bancshares Inc. on Friday declared a quarterly dividend of 25 cents per share on its common stock.

The dividend is payable Sept. 26 to shareholders of record as of Sept. 13.

The Kansas City-based holding company for Commerce Bank released its second-quarter results earlier this month; earnings per share were up 1.3 percent to 79 cents, and net income increased 1 percent to $55.6 million.

Shares (Nasdaq: CBSH) closed Friday at $44.64, compared to a 52-week range of $43.43 to $50.77.

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