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CBSHP - Commerce Bancshares, Inc.
Commerce Bancshares, Inc. (CBSH) is a bank holding company headquartered in Kansas City, Missouri. It operates through its subsidiary, Commerce Bank, which provides a range of financial services, including personal and commercial banking, wealth management, and investment services.
However, the ticker symbol CBSHP, corresponds to the company's 6.00% Series B Non-Cumulative Perpetual Preferred Stock. This preferred stock is listed on the NASDAQ stock exchange and is traded under the ticker symbol CBSHP.
The Series B preferred stock pays a quarterly dividend of $1.50 per share and has a liquidation preference of $25 per share. The preferred stock is perpetual, meaning that it has no maturity date, and is non-cumulative, meaning that if the company fails to pay a dividend, it has no obligation to make up the missed payments in the future.
It's important to note that preferred stock is a type of security that generally offers a fixed dividend and has priority over common stock in the event of liquidation. However, preferred stockholders generally have no voting rights in the company.
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