Commerce Bancshares (CBSH) Dividend

Commerce Bancshares, Inc. · Financial Services · Banks - Regional · quarterly payer

$55.79

As of Nov 5, 2026, Commerce Bancshares (CBSH) pays a quarterly dividend of $0.2750 per share, or $1.10 a year, a 1.96% yield at its $55.79 share price. The next ex-dividend date is Dec 1, 2026, paid Dec 15, 2026. It has raised its dividend 8 years in a row and has a dividend safety grade of A.

Forward Yield

1.96%

Annual Dividend

$1.10

Payout Ratio

27%

5-Yr Growth

4.1%

Ex-Date

Dec 1, 2026

Frequency

Quarterly

Key facts about CBSH's dividend

Data as of Nov 5, 2026 · Source: SmarterDividends data

As of Nov 5, 2026, Commerce Bancshares, Inc. (CBSH) has a forward dividend yield of 1.96%, based on an annual dividend of $1.10 per share and a share price of $55.79.
As of Nov 5, 2026, CBSH's dividend safety grade from SmarterDividends is A (94 out of 100), which rates the dividend as very safe.
By SmarterDividends' count, Commerce Bancshares, Inc. (CBSH) has raised its dividend for 8 consecutive years as of Nov 5, 2026.
CBSH has never cut its regular dividend in the payment history SmarterDividends has on record.
CBSH's next ex-dividend date is Dec 1, 2026, with payment on Dec 15, 2026. Shares must be owned before that date to receive the dividend.
As of Nov 5, 2026, CBSH pays out 27% of its trailing 12-month earnings as dividends (its payout ratio).
CBSH's dividend has grown at an average rate of 4.1% a year over the past five years.
As of Nov 5, 2026, CBSH's 1.96% yield is 13% above its five-year average yield of 1.73%.
As of Nov 5, 2026, SmarterDividends' blended fair-value estimate for CBSH is $40.82 per share, 27% below the $55.79 share price, so CBSH screens as overvalued.
Commerce Bancshares, Inc. (CBSH) pays its dividend quarterly, 4 times a year.
Commerce Bancshares, Inc. (CBSH) has raised its regular dividend 50 times and cut it 5 times across the 158 payments on record since 1986. Its most recent change was a 5.0% increase to $0.275 per share, going ex-dividend on Mar 6, 2026. The last cut went ex-dividend on Mar 8, 2021.
Commerce Bancshares (CBSH) has declared its first higher dividend of the year in February in 3 of the last 5 years; its most recent raise, 5.0%, was declared on Feb 6, 2026.

Cite this page

SmarterDividends, "CBSH Dividend: Yield, Safety Grade & Next Ex-Date," updated Nov 5, 2026, https://smarterdividends.com/stocks/CBSH

Is CBSH a good dividend stock?

Yes

Commerce Bancshares, Inc. (CBSH) pays a quarterly dividend yielding 1.96% ($1.10/yr), with 8 years of growth and a dividend-safety grade of A. It scores well across payout coverage, growth history and safety — a dependable income holding.

Advantages

Never cut its dividend on record
Comfortable payout ratio (27%)
Top-tier dividend safety score

Risks

Share price is down over the past 5 years

Key Data

Dividend Yield: 1.96%
Payout Ratio: 27%
Annual Dividend: $1.10
5-Yr Avg Growth: 4.1%
Ex-Dividend Date: Dec 1, 2026
Years of Growth: 8
Frequency: quarterly
Beta: 0.60
Market Cap: $7.9B
P/E Ratio: 13.4
5-Yr Total Return: -4%
52-Week Range: $46.99 – $60.92
Dividend Safety: A · 94/100
Ever Cut?: No

CBSH dividend raises and cuts

Commerce Bancshares, Inc. (CBSH) has raised its regular dividend 50 times and cut it 5 times across the 158 payments on record since 1986. Its most recent change was a 5.0% increase to $0.275 per share, going ex-dividend on Mar 6, 2026. The last cut went ex-dividend on Mar 8, 2021.

Ex-date	Change	Old → new	Move
Mar 6, 2026	Raise	$0.262 → $0.275	+5.0%
Mar 7, 2025	Raise	$0.245 → $0.262	+7.0%
Mar 6, 2024	Raise	$0.233 → $0.245	+5.1%
Mar 6, 2023	Raise	$0.229 → $0.233	+1.9%
Mar 7, 2022	Raise	$0.227 → $0.229	+0.8%
Dec 1, 2021	Raise	$0.216 → $0.227	+5.0%
Mar 8, 2021	Cut	$0.222 → $0.216	−2.6%
Dec 1, 2020	Raise	$0.212 → $0.222	+5.0%
Mar 5, 2020	Raise	$0.204 → $0.212	+3.8%
Mar 7, 2019	Raise	$0.184 → $0.204	+10.6%
Nov 29, 2018	Raise	$0.175 → $0.184	+5.0%
Mar 8, 2018	Raise	$0.168 → $0.175	+4.4%

Show all 55 changes since 1986

Ex-date	Change	Old → new	Move
Mar 9, 2016	Raise	$0.160 → $0.168	+5.1%
Mar 4, 2015	Raise	$0.152 → $0.160	+5.1%
Mar 3, 2014	Raise	$0.145 → $0.152	+5.1%
Mar 4, 2013	Raise	$0.141 → $0.145	+2.7%
Mar 7, 2012	Raise	$0.134 → $0.141	+5.0%
Nov 28, 2011	Cut	$0.141 → $0.134	−4.8%
Mar 9, 2011	Raise	$0.138 → $0.141	+2.7%
Dec 2, 2010	Cut	$0.144 → $0.138	−4.7%
Mar 8, 2010	Raise	$0.141 → $0.144	+2.6%
Nov 25, 2009	Raise	$0.140 → $0.141	+0.2%
Mar 6, 2009	Raise	$0.139 → $0.140	+0.8%
Mar 6, 2008	Raise	$0.133 → $0.139	+5.0%
Mar 7, 2007	Raise	$0.124 → $0.133	+7.3%
Mar 7, 2006	Raise	$0.121 → $0.124	+2.1%
Nov 25, 2005	Raise	$0.115 → $0.121	+5.0%
Mar 7, 2005	Raise	$0.105 → $0.115	+9.6%
Mar 4, 2004	Raise	$0.103 → $0.105	+2.2%
Nov 25, 2003	Raise	$0.0982 → $0.103	+5.0%
Sep 10, 2003	Raise	$0.0720 → $0.0982	+36.4%
Mar 5, 2003	Raise	$0.0711 → $0.0720	+1.2%
Nov 26, 2002	Raise	$0.0677 → $0.0711	+5.0%
Mar 6, 2002	Raise	$0.0665 → $0.0677	+1.9%
Nov 28, 2001	Raise	$0.0633 → $0.0665	+5.0%
Mar 7, 2001	Raise	$0.0613 → $0.0633	+3.2%
Nov 28, 2000	Raise	$0.0584 → $0.0613	+5.0%
Mar 7, 2000	Raise	$0.0565 → $0.0584	+3.3%
Nov 26, 1999	Raise	$0.0538 → $0.0565	+5.0%
Mar 5, 1999	Raise	$0.0496 → $0.0538	+8.6%
Mar 5, 1998	Raise	$0.0444 → $0.0497	+11.8%
Mar 5, 1997	Raise	$0.0393 → $0.0445	+13.3%
Mar 6, 1996	Raise	$0.0356 → $0.0393	+10.5%
Nov 28, 1995	Cut	$0.0372 → $0.0356	−4.4%
Mar 2, 1995	Raise	$0.0331 → $0.0372	+12.5%
Dec 6, 1994	Cut	$0.0351 → $0.0331	−5.9%
May 27, 1994	Raise	$0.0310 → $0.0351	+13.3%
Jun 8, 1993	Raise	$0.0276 → $0.0310	+12.5%
Jun 1, 1992	Raise	$0.0262 → $0.0276	+5.3%
Jun 6, 1991	Raise	$0.0248 → $0.0262	+5.6%
Jun 7, 1990	Raise	$0.0220 → $0.0248	+12.5%
Jun 8, 1989	Raise	$0.0207 → $0.0220	+6.7%
Jun 6, 1988	Raise	$0.0193 → $0.0207	+7.1%
Feb 26, 1988	Raise	$0.0186 → $0.0193	+3.7%
Jun 9, 1986	Raise	$0.0179 → $0.0186	+3.8%

Every CBSH payment →Download every raise and cut (CSV)

CBSH ex-dividend date & scheduleNext ex-date Dec 1, 2026 · full ex-dividend historyView →CBSH dividend historyEvery payment, totals by year, raises and cutsView →CBSH dividend calculator100 shares pay $110.00 a year, $27.50 each quarterCalculate →CBSH total return calculatorWhat $10,000 became, with dividends reinvested or taken as cashSee →

Frequently Asked Questions

Is CBSH a good dividend stock?

Yes. Commerce Bancshares, Inc. (CBSH) pays a quarterly dividend yielding 1.96% ($1.10/yr), with 8 years of growth and a dividend-safety grade of A. It scores well across payout coverage, growth history and safety — a dependable income holding.

Is CBSH undervalued?

Based on a blend of discounted cash flow, a dividend-discount model and an earnings-multiple estimate, CBSH's fair value is about $40.82 versus a $55.79 share price — so it looks overvalued (-27% vs. fair value).

Is CBSH's dividend safe?

CBSH has a dividend-safety grade of A (94/100), based on its payout coverage, free-cash-flow, 8-year growth streak, a clean no-cut history, debt and yield-versus-history.

What is CBSH's fair value?

Our blended fair-value estimate for CBSH is about $40.82 per share, about 27% below the current $55.79 price — combining a discounted cash flow, a dividend-discount model and an earnings multiple.

Is CBSH a buy, hold, or sell?

We don't issue formal ratings, but on the data CBSH screens as "yes" and overvalued. Commerce Bancshares, Inc. (CBSH) pays a quarterly dividend yielding 1.96% ($1.10/yr), with 8 years of growth and a dividend-safety grade of A. It scores well across payout coverage, growth history and safety — a dependable income holding. This is research for your own analysis, not investment advice.

Will CBSH cut its dividend?

CBSH earns a dividend-safety grade of A (94/100), with no dividend cut on record. A higher score means lower cut risk based on payout coverage, cash flow and history — but no score guarantees a dividend.

Does CBSH pay a dividend?

Yes. Commerce Bancshares, Inc. pays a quarterly dividend of about $1.10 per share annually, a forward yield of roughly 1.96%.

How much dividend does 100 shares of CBSH pay?

At $1.10 per share a year, 100 shares of CBSH pay $110.00 a year in dividends before tax, about $27.50 each quarter. Buying them costs about $5,579 at the Nov 5, 2026 price.

What is CBSH's dividend yield?

As of Nov 5, 2026, CBSH's forward dividend yield is 1.96%, based on a $1.10 annual dividend and a $55.79 share price.

What is CBSH's dividend per share?

As of Nov 5, 2026, CBSH pays $1.10 per share per year, distributed on a quarterly basis.

What is CBSH's dividend payout ratio?

As of Nov 5, 2026, CBSH's payout ratio is 27% of trailing 12-month earnings — a comfortable level that leaves room to keep raising the dividend.

How many years has CBSH grown its dividend?

As of Nov 5, 2026, CBSH has increased its dividend for 8 consecutive years.

When is the next CBSH ex-dividend date?

As of Nov 5, 2026, the next ex-dividend date on record for CBSH is Dec 1, 2026.

Dividend Growth

Total dividends per share by year

Dividend History

Full CBSH dividend history →

Ex-Date	Pay Date	Amount	Type
Sep 4, 2026	Sep 22, 2026	$0.2750	regular
Jun 5, 2026	Jun 23, 2026	$0.2750	regular
Mar 6, 2026	Mar 24, 2026	$0.2750	regular
Dec 2, 2025	Dec 15, 2025	$0.2620	regular
Sep 5, 2025	Sep 23, 2025	$0.2619	regular
Jun 6, 2025	Jun 24, 2025	$0.2619	regular
Mar 7, 2025	Mar 25, 2025	$0.2619	regular
Dec 3, 2024	Dec 17, 2024	$0.2448	regular
Sep 5, 2024	Sep 23, 2024	$0.2449	regular
Jun 5, 2024	Jun 18, 2024	$0.2449	regular
Mar 6, 2024	Mar 25, 2024	$0.2449	regular
Dec 1, 2023	Dec 18, 2023	$0.2331	regular
Sep 5, 2023	Sep 25, 2023	$0.2332	regular
Jun 2, 2023	Jun 20, 2023	$0.2332	regular