Commerce Bancshares, Inc. 6% Series B Non-Cumulative Perpetual Preferred Stock

By: ,

Date Issued  6/12/2014

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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

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Securities may be redeemed, at the issuers option, as early as 09/1/2019 for a redemption price of $25/share plus accrued dividends.

Dividend Payment Will Likely be a Qualified Distribution

Maturity Date   None

 

Company Investor Relations Page for Commerce Bancshares

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Click Here for the offering prospectus

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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.
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