UMB Financial Stock To Go Ex-dividend Tomorrow (UMBF)

NEW YORK ( TheStreet) -- The ex-dividend date for UMB Financial Corporation (Nasdaq: UMBF) is tomorrow, June 6, 2012. Owners of shares as of market close today will be eligible for a dividend of 21 cents per share. At a price of $45.18 as of 9:30 a.m. ET, the dividend yield is 1.7%.

The average volume for UMB Financial has been 180,600 shares per day over the past 30 days. UMB Financial has a market cap of $1.9 billion and is part of the financial sector and banking industry. Shares are up 23.1% year to date as of the close of trading on Monday.

UMB Financial Corporation, a multi-bank holding company, provides banking and other financial services to commercial, retail, government, and correspondent bank customers. The company has a P/E ratio of 15.5, equal to the average banking industry P/E ratio and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates UMB Financial as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, impressive record of earnings per share growth, compelling growth in net income, expanding profit margins and solid stock price performance. We feel these strengths outweigh the fact that the company is trading at a premium valuation based on our review of its current price compared to such things as earnings and book value. You can view the full UMB Financial Ratings Report.

See our dividend calendar or top-yielding stocks list.
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