Yum Brands Authorizes Up to $2 Billion in Additional Share Repurchases

Date : 08/10/2018 @ 1:59PM
Source : Dow Jones News
Stock : Yum! Brands, Inc. (YUM)
Quote : 90.7  0.87 (0.97%) @ 9:01PM

Yum Brands Authorizes Up to $2 Billion in Additional Share Repurchases

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   By Aisha Al-Muslim 

Yum! Brands Inc. (YUM) announced the authorization of up to $2 billion in share repurchases through the end of 2019.

The Louisville, Ky.-based parent of KFC, Pizza Hut and Taco Bell said Friday the new program is in addition to about $329 million remaining under its prior share buyback authorization as of the end of the company's second quarter.

The company's board of directors also declared a dividend of 36 cents a share. The quarterly dividend will be paid Sept. 7 to shareholders of record at the close of business Aug. 20.

Shares, up nearly 10% in the last year, fell 0.3% to $82.50 in premarket trading Friday.


Write to Aisha Al-Muslim at aisha.al-muslim@wsj.com


(END) Dow Jones Newswires

August 10, 2018 09:44 ET (13:44 GMT)

Copyright (c) 2018 Dow Jones & Company, Inc.

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