KANSAS CITY, Mo.--(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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UMB Financial Corporation
Kelli Christman, 816-860-5088
Kelli.Christman@umb.com
Source: UMB Financial Corporation