Commerce Bancshares, Inc. (CBSH) To Go Ex-Dividend on September 4th

Commerce Bancshares, Inc. (NASDAQ:CBSH) announced a quarterly dividend on Friday, July 31st. Investors of record on Friday, September 4th will be given 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 is Friday, September 4th.

Commerce Bancshares has raised its dividend payment by an average of 0.0%per year over the last three years and has increased its dividend every year for the last 58 years. Commerce Bancshares has a dividend payout ratio of 26.2% indicating that its dividend is sufficiently covered by earnings. Equities research 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 NASDAQ:CBSH opened at $57.14 on Wednesday. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.01. The company’s 50-day moving average price is $58.72 and its 200 day moving average price is $54.01. The company has a market cap of $8.20 billion, a PE ratio of 13.84, a P/E/G ratio of 2.06 and a beta of 0.58. Commerce Bancshares has a fifty-two week low of $46.99 and a fifty-two week high of $60.92.

Commerce Bancshares (NASDAQ:CBSH) last posted its earnings results on Thursday, July 16th. The financial services provider reported $1.10 EPS for the quarter, topping the consensus estimate of $1.04 by $0.06. Commerce Bancshares had a net margin of 26.07% and a return on equity of 14.31%. The firm had revenue of $498.91 million during the quarter, compared to analysts’ expectations of $492.22 million. During the same quarter in the prior year, the firm earned $1.14 EPS. Sell-side analysts anticipate that Commerce Bancshares will post 4.23 earnings per share for the current year.

About Commerce Bancshares

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.