Quantcast

Commerce Bancshares Series B Non-Cumulative Perpetual Preferred Stock About To Put More Money In Your Pocket


Shutterstock photo

On 8/10/18, 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 9/4/18. As a percentage of CBSHP's recent share price of $25.85, this dividend works out to approximately 1.45%, so look for shares of CBSHP to trade 1.45% lower - all else being equal - when CBSHP shares open for trading on 8/10/18. On an annualized basis, the current yield is approximately 5.83%, which compares to an average yield of 5.29% 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

In Wednesday trading, Commerce Bancshares Inc's 6.00% Series B Non-Cumulative Perpetual Preferred Stock (Symbol: CBSHP) is currently up about 0.4% on the day, while the common shares (Symbol: CBSH) are up about 0.9%.

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 , Investing Ideas
Referenced Symbols: CBSHP , CBSH



More from BNK Invest

Subscribe






BNK Invest
Contributor:

BNK Invest

Market News, Investing










Research Brokers before you trade

Want to trade FX?