UMB Financial Corporation (UMBF) to Issue Quarterly Dividend of $0.50 on January 4th

UMB Financial Corporation (NASDAQ:UMBF) declared a quarterly dividend on Tuesday, October 27th. Stockholders of record on Thursday, December 10th will be given a dividend of $0.50 per share by the bank on Monday, January 4th. This represents a $2.00 annualized dividend and a dividend yield of 1.5%. The ex-dividend date is Thursday, December 10th.

UMB Financial has increased its dividend by an average of 0.1% annually 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 $13.94 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 14.3%.

UMB Financial Stock Down 1.1%

Shares of UMB Financial stock opened at $132.34 on Thursday. The stock has a market capitalization of $10.05 billion, a price-to-earnings ratio of 11.02, a PEG ratio of 0.63 and a beta of 0.82. UMB Financial has a twelve month low of $68.92 and a twelve month high of $144.36. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 0.06. The business’s 50 day simple moving average is $136.14 and its 200-day simple moving average is $131.05.

UMB Financial (NASDAQ:UMBF) last issued its earnings results on Tuesday, October 27th. The bank reported $3.56 earnings per share for the quarter, topping the consensus estimate of $3.22 by $0.34. The firm had revenue of $772.39 million for the quarter, compared to analyst estimates of $744.81 million. UMB Financial had a return on equity of 13.41% and a net margin of 21.64%. The firm’s revenue for the quarter was up 13.9% on a year-over-year basis. During the same period last year, the company earned $2.70 earnings per share. Equities research analysts forecast that UMB Financial will post 13.53 earnings per share for the current year.

UMB Financial Company Profile

UMB Financial Corporation is a financial holding company headquartered in Kansas City, Missouri. Its principal subsidiary, UMB Bank, provides banking and financial services to individuals, businesses, institutions and government entities. The company serves customers through banking offices and digital channels across the Midwest and other U.S. markets.

UMB Bank offers commercial and personal banking products, including deposit accounts, loans, treasury management, payment services and credit solutions.