Trailing Dividend / Share
$1.08
Commerce Bancshares, Inc. (CBSH) Dividend History
Income profile from 1985 to 2026 with payout safety and yield-on-cost trend
Dividend Yield
1.8%
Payout Ratio
26.5%
Sustainable
Dividend Streak
8 years
CBSH Dividend Income Check
Safety
26.5% payout ratio with sustainable safety profile.
Consistency
8 straight years of dividend increases.
Income Trend
Yield on cost is 2.0% and trend is rising.
CBSH Dividend Scorecard
Yield & Income
Dividend Yield1.8%
Trailing DPS$1.08
FrequencySemi-Annual
Payments / 12M4
Payout Safety
Earnings Payout26.5%
Earnings SafetySustainable
FCF Payout14.0%
FCF SafetyWell Covered
Piotroski F-Score6/9
Growth
Growth Streak8 years
3Y CAGR5.9%
5Y CAGR4.9%
Yield on Cost (5Y)2.0%
YOC Trendrising
Total Returns
Buyback Yield2.4%
Total Shareholder Yield4.3%
1Y Total Return-7.7%
5Y Total Return7.0%
Div Contribution (5Y)8.2%
Estimated $10K growth (return + dividends):
5Y ago$10,07210Y ago$21,85620Y ago$36,248
Uses precomputed total return metrics from screening data (not lot-by-lot dividend reinvestment transactions). Different time windows can produce different outcomes depending on market regime and entry point.
CBSH Income Growth Story
Dividend per share and yield on cost over time (42 years of payments)
CBSH Dividend Safety Story
EPS is the container — dividend is what's drawn out
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Dividend Analysis
Payout Safety
Commerce Bancshares, Inc. distributes 26.5% of earnings as dividends (Sustainable). When measured against free cash flow—a stricter test—the payout ratio stands at 14.0%, rated "Well Covered".
Piotroski F-Score: 6/9 — moderate financial health.
Growth Track Record
CBSH has raised its dividend for 8 consecutive years, with a 3-year CAGR of 5.9% and 5-year CAGR of 4.9%.
Total Shareholder Returns
Beyond cash dividends, CBSH returns capital through share repurchases. The combined picture: 1.8% dividend yield, 2.4% buyback yield, 4.3% total shareholder yield.
Income Trend & Total Return
Yield on cost (5-year basis) has reached 2.0% and is currently rising. The 5-year total return is 7.0%, with dividends contributing 8.2% of that performance.
DRIP Growth
A $10,000 investment made 10 years ago with dividends reinvested would have grown to approximately $21,856 today.
CBSH Recent Dividend Payments
Last 20 payments · Semi-Annual
TTM Total$4.91
Avg/Payment$0.2454
| Ex-Date | Amount | Change | Yield % | Payment Date |
|---|---|---|---|---|
| Jun 5, 2026Latest | $0.2750 | — | 2.05% | Jun 23, 2026 |
| Mar 6, 2026 | $0.2750 | — | 2.16% | Mar 24, 2026 |
| Dec 2, 2025 | $0.2750 | ↑ +5.0% | 2.15% | Dec 15, 2025 |
| Sep 5, 2025 | $0.2619 | ↓ -4.8% | 1.83% | Sep 23, 2025 |
| Jun 6, 2025 | $0.2750 | — | 1.64% | Jun 24, 2025 |
| Mar 7, 2025 | $0.2750 | ↑ +12.3% | 1.66% | Mar 25, 2025 |
| Dec 3, 2024 | $0.2449 | — | 1.42% | Dec 17, 2024 |
| Sep 5, 2024 | $0.2449 | — | 1.63% | Sep 23, 2024 |
CBSH Dividend vs Peers
Comparable companies in the same industry
#5 yield in peer group
Div Yield
1.8%
#5 of 9
Safety
Sustainable
26.5% payout
Streak
8Y
4.9% 5Y CAGR
Total Shareholder
4.3%
#7 of 9
| Company | Mkt Cap | Yield | Payout | Streak | Safety |
|---|---|---|---|---|---|
| CBSHCommerce Bancshares,… | $8.6B | 1.8% | 26.5% | 8 | Sustainable |
 WTFCWintrust Financial C… | $10.9B | 1.6% | 20.6% | 12 | Sustainable |
 UMBFUMB Financial Corpor… | $11.1B | 1.2% | 19.3% | 24 | Sustainable |
 BOKFBOK Financial Corpor… | $8.5B | 1.7% | 25.5% | 21 | Sustainable |
2nd  FULTFulton Financial Cor… | $4.6B | 3.2% | 36.1% | 5 | Sustainable |
 WSFSWSFS Financial Corpo… | $4.0B | 0.9% | 12.9% | 1 | Sustainable |
3rd  IBCPIndependent Bank Cor… | $737M | 2.9% | 31.5% | 11 | Sustainable |
 FHNFirst Horizon Corpor… | $12.2B | 2.5% | 31.9% | 0 | Sustainable |
1st  HBANHuntington Bancshare… | $36.5B | 3.3% | 41.1% | 0 | Sustainable |
CBSH Annual Dividend History (1985–2026)
42 years of dividend data
GrowthDecline
| Year | DPS | YoY | Pmts | EPS | Payout | Coverage | YOC |
|---|---|---|---|---|---|---|---|
| 2026YTD | $0.55 | — | 2 | — | — | — | 1.0% |
| 2025 | $1.09 | 11.0% | 4 | $4.08 | 26.6% | 3.75x | 2.0% |
| 2024 | $0.98 | 5.0% | 4 | $3.87 | 25.3% | 3.95x | 1.8% |
| 2023 | $0.93 | 1.9% | 4 | $3.47 | 26.9% | 3.72x | 1.7% |
| 2022 | $0.92 | 4.5% | 4 | $3.49 | 26.2% | 3.81x | 1.7% |
| 2021 | $0.88 | 2.3% | 4 | $3.72 | 23.6% | 4.25x | 1.6% |
| 2020 | $0.86 | 5.1% | 4 | $2.39 | 35.8% | 2.79x | 1.6% |
| 2019 | $0.81 | 14.7% | 4 | $2.81 | 29.0% | 3.45x | 1.5% |
| 2018 | $0.71 | 5.7% | 4 | $2.82 | 25.2% | 3.97x | 1.3% |
| 2017 | $0.67 | 0.0% | 4 | $2.05 | 32.8% | 3.05x | 1.2% |
Consensus-Based Analysis Tools
Intrinsic Valuation
DCF models, multiple analysis, and analyst estimates.
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Historical Returns
41+ years return with dividends reinvested.
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DCA Calculator
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Peer Comparison
Compare growth, multiples, and margins vs sector.
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CBSH — Frequently Asked Questions
Quick answers to the most common questions about buying CBSH stock.
How much dividend does CBSH pay per share?
Commerce Bancshares, Inc. (CBSH) pays a trailing 12-month dividend of $1.08 per share, with a current dividend yield of +1.8%. Payments are made Semi-Annual.
When is CBSH's next ex-dividend date?
CBSH's most recent ex-dividend date is N/A. You must own shares before the ex-dividend date to receive the next payment. CBSH typically pays dividends Semi-Annual.
Is CBSH's dividend safe?
CBSH's dividend safety is rated "Sustainable" based on an earnings payout ratio of +26.5% and FCF payout ratio of +14.0%. The 8-year growth streak provides moderate confidence.
Is CBSH a Dividend Payer?
Yes, Commerce Bancshares, Inc. is classified as a Dividend Payer with 8 consecutive years of dividend increases. The 5-year dividend CAGR is +4.9%, demonstrating modest dividend growth.
How often does CBSH pay dividends?
Commerce Bancshares, Inc. pays dividends Semi-Annual. The trailing 12-month total is $1.08 per share. Dividend data on this page covers 41+ years from 1985 to 2026.
How much would $10,000 invested in CBSH grow with dividend reinvestment?
With dividends reinvested (DRIP), $10,000 invested in CBSH five years ago would be worth approximately $10,072 today. This includes both price appreciation and compounded dividend reinvestment. Use the DRIP calculator above for other time periods.
What is CBSH's yield on cost for long-term holders?
CBSH's yield on cost — the current dividend divided by the original purchase price — is +2.0% for a 5-year holding period. This means long-term holders earn a higher effective yield than today's +1.8% market yield, thanks to consistent dividend growth.