UMB Financial Board Announces $0.185 Quarterly Cash Dividend and Common Stock Repurchase Authorization
April 27 2010 - 1:48PM
Business Wire
The Board of Directors of UMB Financial Corporation (NASDAQ:
UMBF), a financial services holding company, declared during the
company’s quarterly board meeting a $0.185 quarterly cash dividend,
payable on July 1, 2010, to shareholders of record at the close of
business on June 11, 2010.
The Board of Directors also authorized the repurchase of up to
two million 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 financial services
holding company headquartered in Kansas City, Mo., offering
complete banking, asset management, health spending solutions and
related financial services to both individual and business
customers nationwide. Its banking subsidiaries own and operate 135
banking centers throughout Missouri, Illinois, Colorado, Kansas,
Oklahoma, Nebraska and Arizona. Subsidiaries of the holding company
and the lead bank, UMB Bank, n.a., include mutual fund and
alternative investment services groups, single-purpose companies
that deal with brokerage services and insurance, and a registered
investment advisor that manages the company’s proprietary mutual
funds and investment advisory accounts for institutional customers.
For more information, visit umb.com or follow us on Twitter at
@UMBFinancial.
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