February 8, 2010 (FinancialWire) — Commerce Bancshares, Inc.’s (NASDAQ: CBSH) board of directors has declared a quarterly dividend of $0.235 per share on the company’s common stock, which compares to the prior dividend of $0.229 as adjusted for a five percent stock dividend that was paid on December 15, 2009.

According to Commerce, the move represents an increase in the company’s quarterly dividend per share of 2.8% and marks the 42nd consecutive year that the company has increased total dividends per adjusted shares.

The dividend is payable on March 26, 2010, to stockholders of record at the close of business on March 10, 2010.

Missouri-based Commerce Bancshares is a regional bank holding company that operates in the Midwest, primarily in Missouri, Kansas, Illinois, Oklahoma and Colorado, with more than 370 locations and also has operating subsidiaries involved in mortgage banking, credit related insurance, venture capital and real estate activities.

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