Achieving Growth and Investor Rewards: Commerce Bancshares Flourishes with Strong Performance and Rising Profits
Portfolio Pulse from Benzinga Insights
Commerce Bancshares (NASDAQ:CBSH) is distributing a dividend of $0.27 per share with an annualized yield of 2.40%. The ex-dividend date was December 01, 2023, and the dividend is payable on December 18, 2023. The company has shown a positive trend in dividend per share from $1.04 in 2019 to $1.06 in 2022 and an increase in earnings per share from $3.56 to $3.70 over the same period. This indicates a strong financial position and a commitment to rewarding shareholders. New York Community (NYSE:NYCB) has a higher annualized dividend yield at 6.20%.
December 18, 2023 | 3:05 pm
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NEUTRAL IMPACT
New York Community has a higher annualized dividend yield at 6.20% compared to Commerce Bancshares.
While NYCB is mentioned as having a higher dividend yield than CBSH, the article does not provide specific financial data or news about NYCB that would directly impact its stock price in the short term.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 50
POSITIVE IMPACT
Commerce Bancshares is distributing a $0.27 per share dividend with a 2.40% yield, reflecting a positive trend in dividends and earnings growth from 2019 to 2022.
The consistent increase in dividends and earnings per share over the past years suggests a strong financial health and commitment to shareholder returns, which is likely to be viewed positively by investors and could lead to a short-term positive impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100