UMB Financial Corp. (UMBF) said Tuesday that its Board of Directors has authorized the repurchase of up to 2 million shares of the company's common stock during the next 12 months.
Shares purchased under the program will be used for general corporate purposes and may be available for re-issuance in connection with the company's stock plans and dividend reinvestment plan.
The company also said its board declared during the company's quarterly board meeting a $0.205 quarterly cash dividend, payable on July 2 to shareholders of record on June 8.
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