UMB Financial Corporation (NASDAQ:UMBF) Increases Dividend to $0.50 Per Share

UMB Financial Corporation (NASDAQ:UMBF) declared 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 yield of 1.4%. The ex-dividend date of this dividend is Thursday, September 10th. This is a 16.3% increase from UMB Financial’s previous quarterly dividend of $0.43.

UMB Financial has increased its dividend payment 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% meaning its dividend is sufficiently covered by earnings. Analysts expect UMB Financial to earn $13.60 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 12.6%.

UMB Financial Trading Up 1.8%

UMB Financial stock traded up $2.60 during mid-day trading on Wednesday, hitting $146.58. The company’s stock had a trading volume of 60,339 shares, compared to its average volume of 630,756. The stock’s fifty day moving average is $137.78 and its two-hundred day moving average is $127.32. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 0.06. The firm has a market capitalization of $11.14 billion, a PE ratio of 12.94, a price-to-earnings-growth ratio of 0.78 and a beta of 0.77. UMB Financial has a 1 year low of $103.38 and a 1 year high of $148.31.

Shares of UMB Financial are set to split on Tuesday, September 1st. The 3-2 split was announced on Tuesday, July 28th. The newly issued shares will be distributed to shareholders after the market closes on Monday, August 31st.

UMB Financial (NASDAQ:UMBF) last posted 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. UMB Financial had a return on equity of 13.07% and a net margin of 20.42%.The company had revenue of $778.00 million for the quarter, compared to the consensus estimate of $727.63 million. During the same quarter in the previous year, the business earned $2.96 earnings per share. On average, analysts anticipate that UMB Financial will post 12.85 EPS for the current year.

UMB Financial Company Profile

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.