Commerce Bancshares raises quarterly dividend 5% to 27c per share

Commerce Bancshares announced that its board of directors declared a quarterly dividend of 27c per share on the company’s common stock, which compares to the prior dividend of 25.7c as adjusted for the 5% stock dividend that was paid on December 19, 2023. This represents an increase in the quarterly dividend per share of 5% and marks the 56th consecutive year that the company has increased its regular cash dividend per share, Commerce stated. The dividend is payable on March 25 to stockholders of record at the close of business on March 7.