UMB Financial Corporation (UMBF) to Issue Quarterly Dividend of $0.43 on July 1st

UMB Financial Corporation (NASDAQ:UMBF) announced a quarterly dividend on Tuesday, April 28th. Stockholders 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 dividend yield of 1.3%. The ex-dividend date is Wednesday, June 10th.

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 annually for the last 32 consecutive years. UMB Financial has a dividend payout ratio of 15.3% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect UMB Financial to earn $13.57 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 12.7%.

UMB Financial Price Performance

UMB Financial stock opened at $129.92 on Monday. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.75 and a quick ratio of 0.75. The stock has a market capitalization of $9.87 billion, a price-to-earnings ratio of 11.53, a PEG ratio of 0.88 and a beta of 0.78. UMB Financial has a 1-year low of $98.16 and a 1-year high of $136.11. The business has a fifty day moving average price of $124.27 and a 200-day moving average price of $120.78.

UMB Financial (NASDAQ:UMBF) last posted its quarterly earnings data on Tuesday, April 28th. The bank reported $3.41 earnings per share for the quarter, topping analysts’ consensus estimates of $2.82 by $0.59. The firm had revenue of $739.16 million during the quarter, compared to analysts’ expectations of $701.79 million. UMB Financial had a return on equity of 13.07% and a net margin of 20.42%.The business’s quarterly revenue was up 31.1% on a year-over-year basis. During the same quarter last year, the firm earned $2.58 EPS. Equities research analysts forecast that UMB Financial will post 12.76 EPS for the current fiscal 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.