KANSAS CITY, Mo.--( BUSINESS WIRE )--Commerce Bancshares, Inc. (NASDAQ: CBSH) announced today that its Board of Directors declared a quarterly dividend of $0.27 per share on the Company's common stock, which compares to the prior dividend of $0.252 as adjusted for the 5% stock dividend that was paid on December 19, 2022. This represents an increase in the quarterly dividend per share of 7% and marks the 55 th consecutive year that the Company has increased its regular cash dividend per share. The dividend is payable on March 27, 2023 to stockholders of record at the close of business on March 7, 2023. About Commerce Bancshares, Inc. With $31.9 billion in assets 1, Commerce Bancshares, Inc. (NASDAQ: CBSH) is a registered bank holding company offering a full line of banking services through its subsidiaries, including payment solutions, investment management and securities brokerage.