Commerce Bancshares (CBSH) Declares $0.23 Quarterly Dividend; 2.4% Yield; Declares 5% Stock Dividend

Commerce Bancshares, Inc. (NASDAQ: CBSH) declared a quarterly dividend of $0.23 per share, or $0.92 annualized.

The dividend will be payable on December 19, 2011, to stockholders of record on November 30, 2011, with an ex-dividend date of November 28, 2011.

The annual yield on the dividend is 2.4 percent.

Also, its Board of Directors approved a 5 percent stock dividend payable on December 19, 2011 to shareholders of record at the close of business on November 30, 2011. Shares issued as a result of the stock dividend will be entered by Direct Registration System on the records of the Company's transfer agent, Computershare, and statements reflecting the issuance will be mailed on November 30, 2011. 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.

---

Serious News for Serious Traders! Try StreetInsider.com Premium Free!

---

You May Also Be Interested In

• Pegasystems (PEGA) Declares $0.083 Special Dividend; 0.2% Yield
• Old Republic (ORI) Declares $0.315 Quarterly Dividend; 2.9% Yield
• 3M Co. (MMM) Declares $0.78 Quarterly Dividend; 1.7% Yield