Commerce Bancshares Paying Out Dividend

Kansas City-based Commerce Bancshares is paying dividends to shareholders still, despite challenges posed to the economy due to COVID-19.

The company just declared a quarterly dividend of $0.27 per share for common stock, and payments are expected to be paid to stockholders June 22.

For its Series B non-cumulative perpetual preferred stock, Commerce is paying shareholders  $0.375 per depositary share on June 1. 

Though its share prices took a dive last month, as was the case with many public companies, Commerce is now trading at just over $54 per share, down only from just over $61 in mid March.