Commerce Bancshares, Inc. Increases Dividend 6.6%.Business Editors ST. LOUIS--(BUSINESS WIRE)--Jan. 31, 2003 Commerce Bancshares This article is about the bank headquartered in Kansas City, Missouri. For other uses, see Commerce Bank. Commerce Bancshares (NASDAQ: CBSH) is a Kansas City, Missouri based bank with branches in Kansas, Missouri, Illinois, and Oklahoma. , Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :CBSH) announced today that its Board of Directors declared a quarterly dividend of $.165 per share on the Company's common stock which represents a 6.6% increase over the prior dividend of $.1625 per share when adjusted for the 5 percent stock dividend paid on December 13, 2003. This marks the 35th consecutive year the company has increased total dividends per share Dividends per share Dividend paid for the past 12 months divided by the number of common shares outstanding, as reported by a company. The number of shares often is determined by a weighted average of shares outstanding over the reporting term. . The dividend is payable on March 27, 2003 to stockholders of record at the close of business on March 7, 2003. The Board of Directors also approved the additional purchase of up to 3,214,045 shares of company stock. This, coupled with the shares left to be purchased under the prior authorization prior authorization, n See predetermination. prior authorization Health insurance A cost containment measure that provides full payment of health benefits only if the hospitalization or medical treatment has been will provide the Company with authority to repurchase 4,000,000 shares. Commerce Bancshares Inc. (NASDAQ:CBSH) a $13.3 billion regional bank holding company. For more than 135 years, Commerce has been meeting the financial services needs of individuals and businesses. Commerce provides a diversified line of financial services, including business and personal banking, wealth management and estate planning Estate Planning The overall planning of a person's wealth, including the preparation of a will and the planning of taxes after the individual's death. Notes: Contrary to popular belief, estate planning involves much more than preparing a will, and it is not only for the and investments through its affiliated companies Affiliated Companies A situation that occurs when one company owns a minority interest (less than 50%) in another company. Also refers to companies that are related to each other in some way. Notes: An affiliated company is sometimes referred to as a subsidiary. . Commerce Bancshares operates across three states with more than 340 locations and also has operating subsidiaries involved in mortgage banking, credit related insurance, venture capital and real estate activities. |
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