UMB Financial Board Announces $0.225 Quarterly Cash Dividend and Common Stock Repurchase Authorization
April 22 2014 - 4:45PM
Business Wire
The Board of Directors of UMB Financial Corporation (Nasdaq:
UMBF), a financial holding company, declared during the company’s
quarterly board meeting a $0.225 quarterly cash dividend, payable
on July 1, 2014 to shareholders of record at the close of business
on June 10, 2014.
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.
About UMB:
UMB Financial Corporation (Nasdaq: UMBF) is a diversified
financial holding company headquartered in Kansas City, Mo.,
offering complete banking services, payment solutions, asset
servicing and institutional investment management to customers. UMB
operates banking and wealth management centers throughout Missouri,
Illinois, Colorado, Kansas, Oklahoma, Nebraska, Arizona and Texas.
Subsidiaries of the holding company include companies that offer
services to mutual funds and alternative-investment entities and
registered investment advisors that offer equity and fixed income
strategies to institutions and individual investors. For more
information, visit umbfinancial.com, umb.com, blog.umb.com or
follow us on Twitter at @UMBBank, Facebook at facebook.com/UMBBank
and LinkedIn at linkedin.com/company/umb-bank.
UMB Financial CorporationMedia Contact:Kelli Christman,
816-860-5088orInvestor Relations Contact:Abby Wendel,
816-860-1685
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