UMB Financial (UMBF) Declares $0.225 Quarterly Dividend; Approves 2M Common Buyback

UMB Financial Corp (NASDAQ: UMBF) declared a quarterly dividend of $0.225 per share, or $0.9 annualized.

The dividend will be payable on July 1, 2014, to stockholders of record on June 10, 2014, with an ex-dividend date of June 6, 2014.

The annual yield on the dividend is 1.5 percent.

The Board of Directors also authorized the repurchase of up to 2,000,000 shares of the company's common stock during the next 12 months. Shares purchased under the program will be used for general corporate purposes and may be available for re-issuance in connection with the company's stock plans and dividend reinvestment plan. The company may repurchase the shares from time to time in open market or privately negotiated transactions at the company's discretion, and on such terms, including, without limitation, quantity, timing and price, as management may determine to be in the company's best interest.

For a dividend history and other dividend-related data on UMB Financial Corp (UMBF) click here.

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