Commerce Bancshares, Inc. (NASDAQ:CBSH) will begin trading ex-dividend on September 3, 2020. The quarterly dividend payment of $ 0.27 per share is scheduled to be paid on September 21, 2020. The dividend yield based on the latest trading day closing price was 1.81 %. Owners of shares, purchased before the ex-dividend date will be eligible for the dividend.
Dividends History
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Commerce Bancshares, Inc. recently reported second quarter financial results on July 21, 2020, before market open, banking products and services provider unveiled income for the second quarter of $ 0.34 per share, from the revenue of $ 320.57 million. The quarterly earnings fell 62.64 percent while revenues shrunk 5.41 percent compared with the same quarter last year.
The consensus estimates are income of $ 0.53 per share from $ 324.58 million in revenue. The bottom line results missed street analysts by $ 0.19 or 35.85 percent, at the same time, top line results fell short of analysts by $ 4.01 million or 1.24 percent.
Stock Performance
Shares of Commerce Bancshares, Inc. traded low $ -0.60 or -1.00 percent on Friday, reaching $ 59.59 with volume of 389.50 thousand shares. Commerce Bancshares, Inc. has traded high as $ 60.73 and has cracked $ 59.32 on the downward trend
According to the previous trading day, closing price of $ 59.59, representing a 32.26 % increase from the 52 week low of $ 45.51 and a 16.31 % decrease over the 52 week high of $ 71.92.
The company has a market capital of $ 6.65 billion and is part of the Financial Services sector and Banks – Regional – US industry.
Commerce Bancshares, Inc. operates as the bank holding company for Commerce Bank that provides retail, mortgage banking, corporate, investment, trust, and asset management products and services to individuals and businesses. It operates through three segments: Consumer, Commercial, and Wealth.
