Commerce Bancshares' Series B Preferred Stock Crosses Above 6% Yield Territory
March 12, 2020 at 14:27 PM EDT
In trading on Thursday, shares of Commerce Bancshares Inc's 6.00% Series B Non-Cumulative Perpetual Preferred Stock (CBSHP) were yielding above the 6% mark based on its quarterly dividend (annualized to $1.50), with shares changing hands as low as $24.45 on the day. This compares to an average yield of 5.52% in the "Financial" preferred stock category, according to Preferred Stock Channel..
