UMB Financial Corporation (NASDAQ:UMBF) Declares Quarterly Dividend of $0.50

UMB Financial Corporation (NASDAQ:UMBF) announced a quarterly dividend on Tuesday, July 28th. Investors of record on Thursday, September 10th will be given a dividend of 0.50 per share by the bank on Thursday, October 1st. This represents a c) dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date is Thursday, September 10th. This is a 16.3% increase from UMB Financial’s previous quarterly dividend of $0.43.

UMB Financial has raised its dividend by an average of 0.1%annually over the last three years and has increased its dividend annually for the last 32 consecutive years. UMB Financial has a dividend payout ratio of 17.8% meaning its dividend is sufficiently covered by earnings. Analysts expect UMB Financial to earn $13.81 per share next year, which means the company should continue to be able to cover its $2.00 annual dividend with an expected future payout ratio of 14.5%.

UMB Financial Price Performance

NASDAQ:UMBF traded down $0.85 during trading hours on Friday, reaching $145.01. 100,099 shares of the company traded hands, compared to its average volume of 624,063. The firm’s 50-day moving average is $143.63 and its 200-day moving average is $130.28. The stock has a market cap of $11.01 billion, a P/E ratio of 12.07, a P/E/G ratio of 0.72 and a beta of 0.77. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.76 and a quick ratio of 0.76. UMB Financial has a 1-year low of $103.38 and a 1-year high of $153.32.

UMB Financial (NASDAQ:UMBF) last announced its earnings results on Tuesday, July 28th. The bank reported $3.57 EPS for the quarter, beating analysts’ consensus estimates of $3.12 by $0.45. The firm had revenue of $778.00 million for the quarter, compared to analysts’ expectations of $727.63 million. UMB Financial had a return on equity of 13.41% and a net margin of 21.64%.During the same quarter in the prior year, the firm earned $2.96 EPS. Equities research analysts expect that UMB Financial will post 13.48 earnings per share for the current fiscal year.

About UMB Financial

UMB Financial Corporation (NASDAQ: UMBF) is a diversified financial services holding company headquartered in Kansas City, Missouri. Through its principal banking subsidiary, UMB Bank, N.A., the company provides a full suite of commercial and consumer banking services. Key offerings include deposit accounts, commercial and consumer lending, treasury and cash management, as well as online and mobile banking solutions designed to serve businesses, individuals and municipalities.

In addition to its core banking operations, UMB Financial delivers wealth management and trust services, investment advisory, asset management and retirement planning to high-net-worth individuals, families and institutions.