Commerce Bancshares, Inc. 6% Series B Non-Cumulative Perpetual Preferred Stock
By: Tim McPartland,
Date Issued 6/12/2014
Shares Issued 6,000,000 Overallotment Shares 0
S&P Rating BBB- Moodys Rating Baa1
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Security Ticker Symbol CBSHP
Market Traded ON NASDAQ
Dividend Payment Paid on the 1st of March, June, September and December beginning on 9/1/2014
Quarterly Dividend .375 Annual Dividend 1.50
Securities may be redeemed, at the issuers option, as early as 09/1/2019 for a redemption price of $25/share plus accrued dividends.
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Dividend Payment Will Likely be a Qualified Distribution
Maturity Date None
Company Investor Relations Page for Commerce Bancshares
Tim McPartland
Connect with Tim McPartland
Tim McPartland is a private investor with over 45 years of investing experience. His analysis, research and writing is devoted to the hunt for income producing securities of all types, but in particular specializing in preferred stocks, exchange traded debt and Master Limited Partnerships.
