The new dividend rate, which translates to an annual payout of $2 per share, offers investors an approximate yield of 1.4 percent based on the stock’s recent price of $143.98. The company confirmed that this payment is scheduled for distribution on October 1 to all stockholders of record as of September 10.
UMB Financial Lifts Quarterly Dividend by 16 Percent
Shareholders of UMB Financial are set for a payout boost as the company lifts its quarterly dividend to 50 cents per share. This 16 percent increase from the previous 43-cent distribution marks a clear shift in the Kansas City-based firm’s capital return strategy following Tuesday’s market close.
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