Markets

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.


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

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