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 $0.219 as adjusted for the 5 percent stock dividend that was paid on December 17, 2012. This represents an increase in the quarterly dividend per share of 2.7% and marks the 45th consecutive year that the company has increased its regular cash dividend per share. The dividend is payable on March 25, 2013 to stockholders of record at the close of business on March 6, 2013.
About Commerce Bancshares, Inc.
Commerce Bank, is a subsidiary of Commerce Bancshares, Inc. (NASDAQ: CBSH), a $22.2 billion regional bank holding company. For more than 145 years, Commerce Bank has been meeting the financial services needs of individuals and businesses. Commerce Bank provides a diversified line of financial services, including business and personal banking, wealth management, financial planning, and investments through its affiliated companies. Commerce Bank operates in more than 360 retail locations in the Central United States and has a nationwide presence in the commercial payments industry. Commerce Bancshares also has operating subsidiaries involved in mortgage banking, leasing, credit-related insurance, private equity and real estate activities.