Commerce Bancshares, Inc. (NASDAQ:CBSH – Get Free Report) declared a quarterly dividend on Friday, July 31st. Investors of record on Friday, September 4th will be paid a dividend of 0.275 per share by the financial services provider on Tuesday, September 22nd. This represents a c) dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date of this dividend is Friday, September 4th.
Commerce Bancshares has increased its dividend payment by an average of 0.0%per year over the last three years and has raised its dividend every year for the last 58 years. Commerce Bancshares has a dividend payout ratio of 26.2% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Commerce Bancshares to earn $4.57 per share next year, which means the company should continue to be able to cover its $1.10 annual dividend with an expected future payout ratio of 24.1%.
Commerce Bancshares Trading Down 1.0%
Shares of Commerce Bancshares stock opened at $57.14 on Wednesday. The company has a market capitalization of $8.20 billion, a P/E ratio of 13.84, a P/E/G ratio of 2.06 and a beta of 0.58. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.82 and a current ratio of 0.82. The company has a fifty day moving average of $58.72 and a 200 day moving average of $54.01. Commerce Bancshares has a fifty-two week low of $46.99 and a fifty-two week high of $60.92.
Commerce Bancshares Company Profile
Commerce Bancshares, Inc is a bank holding company primarily engaged in providing a broad range of banking and financial services across the Midwest. Through its principal subsidiary, Commerce Bank, the company offers commercial and consumer banking, treasury management, trust and wealth advisory, and mortgage lending. Its diversified product suite includes deposit and loan products, cash management solutions, capital markets services, and private banking designed to meet the needs of individuals, small businesses, and large corporations.
The company’s commercial banking group delivers tailored credit facilities, equipment and inventory financing, asset-based lending, and merchant services.
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