Yum! Brands, Inc. Declares Quarterly Dividend of $0.67 Per Share and Announces Authorization of up to $2.0 Billion in Share Repurchases
May 15 2024 - 4:16PM
Business Wire
Yum! Brands, Inc. (NYSE: YUM) Board of Directors declared a
dividend of $0.67 per share of common stock. The quarterly dividend
will be distributed June 7, 2024 to shareholders of record at the
close of business on May 28, 2024.
Yum’s Board of Directors also approved a new share repurchase
authorization which authorizes repurchases of up to $2.0 billion in
shares of common stock from July 1, 2024, through December 31,
2026. The prior outstanding authorization approved in September
2022 expires on June 30, 2024.
Yum! Brands, Inc., based in Louisville, Kentucky, and its
subsidiaries franchise or operate a system of over 59,000
restaurants in more than 155 countries and territories under the
company’s concepts – KFC, Taco Bell, Pizza Hut and the Habit Burger
Grill. The Company's KFC, Taco Bell and Pizza Hut brands are global
leaders of the chicken, Mexican-style food, and pizza categories,
respectively. The Habit Burger Grill is a fast casual restaurant
concept specializing in made-to-order chargrilled burgers,
sandwiches and more. In 2024, Yum! was named to the Dow Jones
Sustainability Index North America for the eighth consecutive year,
and the company was recognized among TIME Magazine’s list of Best
Companies for Future Leaders and Newsweek’s list of America’s Most
Responsible Companies. Yum! also received widespread recognition in
2023, including being listed on the Bloomberg Gender-Equality
Index; Forbes’ list of America’s Best Employers for Diversity; and
Newsweek’s list of America’s Greenest Companies. In addition, KFC,
Taco Bell and Pizza Hut brands were ranked in the top five of
Entrepreneur’s Top Global Franchises Ranking for 2023.
Category: Financial
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