UMB Financial Corporation (NASDAQ:UMBF) to Issue $0.43 Quarterly Dividend

UMB Financial Corporation (NASDAQ:UMBF) declared a quarterly dividend on Tuesday, April 28th. Investors of record on Wednesday, June 10th will be given a dividend of 0.43 per share by the bank on Wednesday, July 1st. This represents a c) dividend on an annualized basis and a yield of 1.3%. The ex-dividend date is Wednesday, June 10th.

UMB Financial has raised its dividend by an average of 0.1%per year over the last three years and has raised its dividend every year for the last 32 years. UMB Financial has a payout ratio of 15.3% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect UMB Financial to earn $13.14 per share next year, which means the company should continue to be able to cover its $1.72 annual dividend with an expected future payout ratio of 13.1%.

UMB Financial Price Performance

NASDAQ UMBF traded up $2.15 during trading hours on Wednesday, reaching $127.50. The company’s stock had a trading volume of 266,842 shares, compared to its average volume of 559,471. The firm’s 50-day moving average price is $117.27 and its 200-day moving average price is $117.26. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 0.06. UMB Financial has a 1 year low of $90.96 and a 1 year high of $136.11. The company has a market capitalization of $9.71 billion, a price-to-earnings ratio of 13.86, a PEG ratio of 1.01 and a beta of 0.75.

UMB Financial (NASDAQ:UMBF) last issued its quarterly earnings data on Tuesday, April 28th. The bank reported $3.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.82 by $0.59. The business had revenue of $739.16 million for the quarter, compared to analysts’ expectations of $701.89 million. UMB Financial had a return on equity of 12.14% and a net margin of 16.90%.The company’s revenue for the quarter was up 31.1% on a year-over-year basis. During the same period in the prior year, the firm earned $2.58 EPS. On average, equities research analysts predict that UMB Financial will post 12.05 EPS 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.