Commerce Bancshares Series B Non-Cumulative Perpetual Preferred Stock About To Put More Money In Your Pocket

On 11/12/14, Commerce Bancshares, Inc.'s 6.00% Series B Non-Cumulative Perpetual Preferred Stock (NASD: CBSHP) will trade ex-dividend, for its quarterly dividend of $0.375, payable on 12/1/14. As a percentage of CBSHP's recent share price of $25.33, this dividend works out to approximately 1.48%, so look for shares of CBSHP to trade 1.48% lower — all else being equal — when CBSHP shares open for trading on 11/12/14. On an annualized basis, the current yield is approximately 5.95%, which comp...