UMB Financial Corporation Announces $0.245 Quarterly Cash Dividend and Common Stock Repurchase Authorization
April 26 2016 - 5:00PM
Business Wire
The Board of Directors of UMB Financial Corporation (Nasdaq:
UMBF), a diversified financial holding company, declared during the
Board’s meeting on April 26, 2016, a $0.245 per share quarterly
cash dividend, payable on July 1, 2016, to the company’s
shareholders of record at the close of business on June 10,
2016.
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.
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,
as well as two national specialty-lending businesses. 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 umb.com, umbfinancial.com, blog.umb.com or follow us on
Twitter at @UMBBank, Facebook at facebook.com/UMBBank and LinkedIn
at linkedin.com/company/umb-bank.
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version on businesswire.com: http://www.businesswire.com/news/home/20160426005192/en/
UMB Financial CorporationKelli Christman,
816-860-5088Kelli.Christman@umb.com
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