KANSAS CITY, Mo.--(BUSINESS WIRE)--Commerce Bancshares, Inc. (NASDAQ: CBSH) announced today that its Board of Directors declared a quarterly dividend of $0.225 per share on the Company's common stock, which compares to the regular prior dividend of $0.214 as adjusted for the 5 percent stock dividend that was paid on December 16, 2013. This represents an increase in the quarterly dividend per share of 5% and marks the 46th consecutive year that the company has increased its regular cash dividend per share. The dividend is payable on March 24, 2014 to stockholders of record at the close of business on March 5, 2014.
About Commerce Bancshares, Inc.
Commerce Bancshares, Inc. (NASDAQ: CBSH), is a $23.1 billion regional bank holding company, as of December 31, 2013. For more than 150 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.