UMB Financial Corporation (UMBF) To Go Ex-Dividend on September 10th

UMB Financial Corporation (NASDAQ:UMBF) announced a quarterly dividend on Tuesday, July 28th. Investors of record on Thursday, September 10th will be paid 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 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 17.8% indicating that its dividend is sufficiently covered by earnings. Equities 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

UMBF opened at $143.76 on Tuesday. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 0.06. The business has a fifty day moving average of $144.95 and a 200 day moving average of $131.34. UMB Financial has a 52-week low of $68.92 and a 52-week high of $144.36. The stock has a market cap of $10.92 billion, a P/E ratio of 11.97, a PEG ratio of 0.70 and a beta of 0.77.

UMB Financial (NASDAQ:UMBF) last posted its quarterly earnings results on Tuesday, July 28th. The bank reported $3.57 EPS for the quarter, topping 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 net margin of 21.64% and a return on equity of 13.41%. During the same period in the prior year, the business posted $2.96 earnings per share. As a group, sell-side analysts anticipate that UMB Financial will post 13.5 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.