Commerce Paying Dividend Before Tax Change

Photo courtesy of Creative Commons

January’s scheduled tax increase on dividends has prompted Commerce Bancshares Inc. to pay a special dividend to its stockholders before this year ends.

The pay date on both dividends means Commerce’s owners still will enjoy the current 15 percent tax rate on dividends. The rate, which was established as part of the Bush era tax cuts, is scheduled to expire Jan. 1.

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