KANSAS CITY, Mo.--(BUSINESS WIRE)--Commerce Bancshares, Inc. (NASDAQ: CBSH) announced today that its Board of Directors approved a 5 percent stock dividend payable on December 16, 2013 to shareholders of record at the close of business on November 29, 2013. 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 29, 2013. 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.
The Board of Directors also declared a regular quarterly dividend of $0.225 per share on the Company's common stock payable December 16, 2013 to stockholders of record at the close of business on November 29, 2013. The dividend will not be payable on any shares to be issued pursuant to the 5 percent stock dividend.
About Commerce Bancshares, Inc.
Commerce Bancshares, Inc. (NASDAQ: CBSH), is a $22.5 billion regional bank holding company as of September 30, 2013. For more than 145 years, Commerce has been meeting the financial services needs of individuals and businesses. Commerce provides a diversified line of financial services, including business and personal banking, wealth management, financial planning, and investments through its affiliated companies. Commerce operates in approximately 360 retail locations in the Central United States and has a nationwide presence in the commercial payments industry. Commerce also has operating subsidiaries involved in mortgage banking, leasing, credit-related insurance, private equity and real estate activities.