Commerce Bancshares, Inc.

CBSH
Financial ServicesDividend King
$57.59
1.86%Fair Value

Commerce Bancshares, Inc. (CBSH) is a Financial Services company that currently yields 1.86% — trading near fair value based on 10 years of dividend yield history. The Weiss valuation model places the undervaluation threshold at $50.87 and the overvaluation threshold at $68.86. Commerce Bancshares, Inc. holds a quality score of 58/100 (Average), reflecting 58 consecutive years of dividend growth with a 26% payout ratio. The 5-year dividend CAGR stands at 4.1%.

CBSH Dividend Yield History — Weiss Valuation

Underval. $50.87Overval. $68.86

Distance to undervalued

Waiting for a better entry

Needs about 11.7% downside to reach the Weiss buy zone

Undervaluation starts near $50.87, where the annual dividend would imply roughly 2.11% yield. That is 0.25% above today's yield.

Buy-zone price

$50.87

Target yield

2.11%

Research checklist

What to clear before buying the yield

Updated Jul 9, 2026

Dividend durability

58Y

Long dividend history supports a deeper look.

Earnings payout

26%

Earnings coverage leaves room for noise.

Cash payout

N/A

Confirm cash conversion and one-off effects.

Dividend growth

4.1%

Recent growth adds income compounding potential.

What changed

What changed since the last update

2026-07-082026-07-09

Price

-2.1%

$58.84 $57.59

Price fell 2.1% since the prior snapshot.

Why Now?

Commerce Bancshares, Inc. is trading at a fair valuation relative to its dividend history.

Current yield 1.9% vs historical max 3.0% (63% of maximum).

14 consecutive years without a dividend cut.

Conservative payout ratio of 26%.

What matters now

Read the signal before the headline yield

Valuation is neutral here: quality has to do more of the work than entry price.

The 58/100 quality score says the headline yield needs extra skepticism.

Start by checking whether payout coverage and business durability still support the dividend.

CBSH Dividend Income Projection — DRIP Compounder

Dividend Compounder (DRIP)

$

Year 1 Income

$194

Year 10 Income

$342

Yield on Cost

3.51%

Total Income

$2,604

Assumes dividends reinvested at current price. Simplified model — for illustrative purposes only.

Track actual vs. projected

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Dividend income log · Yield on cost · DRIP cost basis · Tax reports

More research

Full price history & technical analysis

TradingView ↗

Fundamentals, valuation & analyst ratings

FinViz ↗

Moat rating & analyst fair value

Morningstar ↗

Track dividends received & tax reports

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CBSH Dividend Quality Score

Quality Score

58/ 100

Average

Payout Ratio25/25
Dividend Streak20/25
Growth (CAGR 5Y)8/20
Yield vs History5/15
FCF Coverage0/15

Key Metrics

Current Price$57.59
Annual Dividend$1.07
Current Yield1.86%
Yield — Max (10Y)2.95%
Yield — Min (10Y)1.60%
Undervalued Below$50.87
Overvalued Above$68.86
Payout Ratio26.38%
CAGR Dividend 5Y4.1%
CAGR Dividend 10Y5.1%
Years No Cut14y

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58
consecutive years of dividend growth