Commerce Bancshares' Series B Preferred Stock Shares Cross 6% Yield Mark

In trading on Thursday, shares of Commerce Bancshares Inc's 6.00% Series B Non-Cumulative Perpetual Preferred Stock (CBSHP) were yielding above the 6% mark based on its quarterly dividend (annualized to $1.50), with shares changing hands as low as $24.99 on the day. This compares to an average yield of 6.47% in the "Banking & Savings" preferred stock category, according to Preferred Stock Channel..