KANSAS CITY, Mo.--(BUSINESS WIRE)--
During a meeting of the Board of Directors (the “Board”) of UMB
Financial Corporation (Nasdaq: UMBF) held today, the Board declared a
$0.29 per share quarterly cash dividend, payable on July 2, 2018 to the
company’s shareholders of record as of the close of business on June 11,
2018.
As in prior years, the Board also approved the repurchase of up to
2,000,000 shares of the company’s common stock from time to time at any
point until the regular meeting of the Board that immediately follows
the 2019 annual meeting of the company’s shareholders. Shares acquired
under the repurchase program may be available for reissuance or resale
by the company, including under the company's compensation plans and
dividend reinvestment plan. Under the repurchase program, the company
may acquire the shares from time to time in the open market or privately
negotiated transactions, at the discretion of management, and on terms
(including quantity, timing, and price) that management determines to be
necessary, appropriate, or advisable, and in accordance with the
limitations set forth in Rule 10b-18 of the Securities and Exchange Act
of 1934, as amended, and other applicable securities laws and
regulations.
About UMB:
UMB Financial Corporation (Nasdaq: UMBF) is a financial services company
headquartered in Kansas City, Mo. UMB offers personal banking,
commercial banking, healthcare services and institutional banking, which
includes services to mutual funds and alternative-investment entities
and registered investment advisors. UMB operates banking and wealth
management centers throughout Missouri, Illinois, Colorado, Kansas,
Oklahoma, Nebraska, Arizona and Texas. For more information, visit UMB.com,
UMB
Financial.com, UMB
Blog or follow us on Twitter at @UMBBank, UMB
Facebook and UMB
LinkedIn.
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UMB Financial Corporation
Media Contact:
Rachael
Crocker, 816-860-7775
or
Investor Relations Contact:
Kay
Gregory, 816-860-7106
Source: UMB Financial Corporation