UMB Financial Corporation (UMBF) will raise its quarterly dividend by 3.3 percent to 31 cents per share. This follows a 9.1 percent dividend increase by the financial holding company last year. The next dividend is payable on January 2, 2020, to shareholders of record at the close of business on December 10, 2019. A new annual rate of $1.24 per share yields 1.8% at a stock price of $67.48. UMB Financial Corporation is a financial holding company headquartered in Kansas City, Mo., offering banking services, payment solutions, asset servicing, and institutional investment management to its customers. UMB operates banking and wealth management centers throughout Missouri, Illinois, Colorado, Kansas, Oklahoma, Nebraska, Arizona and Texas.
