UMB Bank (UMBF) Declares $0.255 Quarterly Dividend; Approves 2M Share Buyback Plan

UMB Bank (NASDAQ: UMBF) declared a quarterly dividend of $0.255 per share, or $1.02 annualized.

The dividend will be payable on July 3, 2017, to stockholders of record on June 9, 2017, with an ex-dividend date of June 7, 2017.

The annual yield on the dividend is 1.3 percent.

As in prior years, the Board has approved the repurchase of up to 2,000,000 shares of the company’s common stock from time to time at any point until the regular meeting of the Board that immediately follows the 2018 annual meeting of the company’s shareholders. Shares acquired under the repurchase program may be available for reissuance or resale, including in connection with the company's compensation plans and dividend reinvestment plan. Under the repurchase program, the company may acquire the shares from time to time in open market or privately negotiated transactions, at the discretion of management, and on terms (including quantity, timing, and price) that management determines to be necessary, appropriate, or advisable.

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

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