KANSAS CITY, Mo.--(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 Corporation
Media Contact:
Kelli
Christman, 816-860-5088
or
Investor Relations Contact:
Abby
Wendel, 816-860-1685
Source: UMB Financial Corporation