Analyzing UMB Financial's Ex-Dividend Date

On April 27, 2021, UMB Financial UMBF declared a dividend payable on July 1, 2021 to its shareholders. UMB Financial also announced that shareholders on the company's books on or before June 10, 2021 are entitled to the dividend. The stock will then go ex-dividend 1 business day(s) before the record date. UMB Financial, which has a current dividend per share of $0.32, has an ex-dividend date scheduled for June 9, 2021. That equates to a dividend yield of 1.34% at current price levels.

The Significance Of An Ex-Dividend Date

Ex-dividend dates are when company shares stop trading with their current dividend payouts in preparation for those companies to announce new ones. Usually, a company's ex-dividend date falls one business day before its record date. Investors should keep this in mind when purchasing stocks because buying them on or after ex-dividend dates does not qualify them to receive the declared payment. Newly declared dividends go to shareholders who have owned that stock before the ex-dividend date. Most ex-dividend dates operate on a quarterly basis.

Understanding UMB Financial's Dividend History

Over the past year, UMB Financial has seen its dividend payouts climb upward and its yields trend downward. Last year on June 9, 2020 the company's payout sat at $0.31, which has since increased by $0.01. UMB Financial's dividend yield last year was 2.6%, which has since decreased by 1.26%.
Companies use dividend yields in different strategic ways. Some companies may opt to not give yields altogether to reinvest in themselves. Other companies may opt to increase or decrease their yield amounts to control how their shares circulate throughout the stock market.

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