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UMB Financial Corporation Announces $0.245 Quarterly Cash Dividend and Common Stock Repurchase Authorization

KANSAS CITY, Mo., Apr 26, 2016 (BUSINESS WIRE) -- The Board of Directors of UMB Financial Corporation UMBF, +1.51% a diversified financial holding company, declared during the Board’s meeting on April 26, 2016, a $0.245 per share quarterly cash dividend, payable on July 1, 2016, to the company’s shareholders of record at the close of business on June 10, 2016.

The Board of Directors also authorized the repurchase of up to 2,000,000 shares of the company’s common stock from time to time until the regular meeting of the Board that immediately follows the 2017 annual meeting of the company’s shareholders. Shares...