Commerce Bancshares, Inc. increases dividend 5%
Commerce Bancshares, Inc. announced today that its Board of Directors declared a quarterly dividend of $0.25 per share on the company's common stock which represents a 5% increase over the prior dividend of $0.238 per share as adjusted for the 5% stock dividend paid on December 13, 2007.
Sterling Bancshares Inc. cut its quarterly dividend by 63% to preserve capital as loan losses rise.