Commerce Bancshares Series B Non-Cumulative Perpetual Preferred Stock Goes Ex-Dividend Soon

On 5/13/15, Commerce Bancshares, Inc.'s 6.00% Series B Non-Cumulative Perpetual Preferred Stock (CBSHP) will trade ex-dividend, for its quarterly dividend of $0.375, payable on 6/1/15. As a percentage of CBSHP's recent share price of $25.70, this dividend works out to approximately 1.46%, so look for shares of CBSHP to trade 1.46% lower all else being equal when CBSHP shares open for trading on 5/13/15..