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Commerce declares quarterly dividend

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Kansas City-based Commerce Bancshares Inc., the holding company of Commerce Bank, Friday announced a quarterly dividend of 24.5 cents per share.

The dividend is unchanged from the company’s first-quarter dividend, announced in February.

The latest dividend is payable Sept. 27 to stockholders of record Sept. 13.

Commerce Bancshares Inc. operates 340 locations in Missouri, Kansas and Illinois. Shares of the company’s stock (Nasdaq: CBSH) closed Friday at $51, compared to a 52-week range of $47.57 to $53.63.

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