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Commerce follows earnings report with dividends

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

The regular dividend is payable Dec. 13 to shareholders of record as of Nov. 29.

Commerce also approved a 5 percent stock dividend payable Dec. 13 to shareholders of record as of Nov. 29. The shares will be issued in a noncertificated form.

The regular quarterly dividend will not be payable on any shares issued under the 5 percent stock dividend.

The Kansas City-based holding company for Commerce Bank Oct. 16 released its third-quarter results. Per-share earnings were up 5.2 percent to 81 cents.

Shares (Nasdaq: CBSH) closed Friday at $47.05, compared to a 52-week range of $43.28 to $50.77.

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