Commerce Bancorp Releases Cash Dividend and Stock Dividend Information.Business Editors CHERRY HILL, N.J.--(BUSINESS WIRE)--Jan. 5, 2000 On December 22, 1999, Commerce Bancorp, Inc. (NYSE NYSE See: New York Stock Exchange Symbol: CBH) declared a 11% increase in its annual cash dividend rate from $.88 per share to $.98 per share of common stock. The quarterly dividend of $.245 is payable January 21, 2000 to shareholders of record January 7, 2000. Additionally, the Company announced the declaration of a 5% stock dividend on the Company's common stock outstanding. The dividend is also payable January 21, 2000, to shareholders of record January 7, 2000. The cash dividend noted is not payable on the new common shares created by the 5% stock dividend. Both the cash and 5% stock dividend trade ex-dividend on January 5, 2000. Accordingly, the New York Stock Exchange New York Stock Exchange (NYSE) World's largest marketplace for securities. The exchange began as an informal meeting of 24 men in 1792 on what is now Wall Street in New York City. today has adjusted the closing price of the Company's Common Stock on January 4, 2000 from 38 1/16 ($38.06) to 36 1/4 ($36.25). Commerce Bancorp, Inc. is a $6.4 billion multi-bank holding company headquartered in Cherry Hill, New Jersey with 120 banking offices. Its six banking subsidiaries are Commerce Bank, N.A., Cherry Hill, New Jersey, Commerce Bank/Pennsylvania, N.A., Philadelphia, Pennsylvania, Commerce Bank/Shore, N.A., Toms River, New Jersey The Township of Toms River is a township in Ocean County, New Jersey, United States, and the county seat of Ocean CountyGR6. On November 7, 2006, voters approved a change of the official name of Township of Dover (or, Dover Township) to the , and Commerce Bank/North, Ramsey, New Jersey Ramsey is a borough in Bergen County, New Jersey, United States. As of the United States 2000 Census, the borough population was 14,351. Ramsey was incorporated as a borough by an Act of the New Jersey Legislature on March 10, 1908, from portions of Hohokus Township (now , Commerce Bank/Central, Flemington, New Jersey Flemington is a Borough in Hunterdon County, New Jersey, United States. As of the United States 2000 Census, the borough population was 4,201. It is the county seat of Hunterdon County. , and Commerce Bank/Delaware, Wilmington, Delaware. |
|
||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion