Commerce Bancshares (CBSH) Approves 5% Stock Dividend

October 28, 2016 12:28 PM EDT

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Commerce Bancshares (Nasdaq: CBSH) announced that its Board of Directors approved a 5 percent common stock dividend payable on December 19, 2016 to shareholders of record at the close of business on December 2, 2016. Statements reflecting the issuance of shares as a result of the stock dividend should be mailed on or about December 19, 2016. No fractional shares will be issued and shareholders will receive cash for such fractional interests based on the market value of the stock on the record date.

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