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Cash Dividend On The Way From Commerce Bancshares Series B Non-Cumulative Perpetual Preferred Stock


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On 5/11/18, Commerce Bancshares Inc's 6.00% Series B Non-Cumulative Perpetual Preferred Stock (Symbol: CBSHP) will trade ex-dividend, for its quarterly dividend of $0.375, payable on 6/1/18. As a percentage of CBSHP's recent share price of $25.75, this dividend works out to approximately 1.46%, so look for shares of CBSHP to trade 1.46% lower - all else being equal - when CBSHP shares open for trading on 5/11/18. On an annualized basis, the current yield is approximately 5.84%, which compares to an average yield of 5.66% in the "Financial" preferred stock category, according to Preferred Stock Channel . The chart below shows the one year performance of CBSHP shares, versus CBSH:

Performance Comparison Chart

Below is a dividend history chart for CBSHP, showing historical dividends prior to the most recent $0.375 on Commerce Bancshares Inc's 6.00% Series B Non-Cumulative Perpetual Preferred Stock:

CBSHP+Dividend+History+Chart

According to the ETF Finder at ETF Channel, Commerce Bancshares Inc (Symbol: CBSH) makes up 2.51% of the First Trust NASDAQ ABA Community Bank Index Fund ETF ( QABA ) which is trading up by about 0.7% on the day Wednesday.

In Wednesday trading, Commerce Bancshares Inc's 6.00% Series B Non-Cumulative Perpetual Preferred Stock (Symbol: CBSHP) is currently up about 0.2% on the day, while the common shares (Symbol: CBSH) are up about 0.8%.

Click here to learn which S.A.F.E. dividend stocks also have preferred shares that should be on your radar screen »

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.



This article appears in: Investing
Referenced Symbols: QABA , CBSHP , CBSH



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