UMB Financial Corp (UMBF) Declares $0.245 Quarterly Dividend and Approves 2M Share Buyback

UMB Financial Corp (NASDAQ: UMBF) declared a quarterly dividend of $0.245 per share, or $0.98 annualized.

The dividend will be payable on July 1, 2016, to stockholders of record on June 10, 2016, with an ex-dividend date of June 8, 2016.

The annual yield on the dividend is 1.8 percent.

The Board of Directors also authorized the repurchase of up to 2,000,000 shares of the company’s common stock from time to time until the regular meeting of the Board that immediately follows the 2017 annual meeting of the company’s shareholders. Shares acquired under the program will be used for general corporate purposes and may be available for resale, including in connection with the company's compensation plans and dividend reinvestment plan. The company may acquire the shares from time to time in open market or privately negotiated transactions, at the discretion of the company’s management, and on terms (including quantity, timing, and price) that the company’s management determines to be necessary, appropriate, or advisable.

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

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