Yum! Brands, Inc. Declares Quarterly Dividend of $0.50 Per Share & Announces Authorization of up to $2 Billion in Share Repur...
May 10 2021 - 04:40PM
Business Wire
Yum! Brands, Inc. (NYSE: YUM) Board of Directors declared a
dividend of $0.50 per share of common stock. The quarterly dividend
will be distributed June 11, 2021 to shareholders of record at the
close of business on May 28, 2021.
Yum’s Board of Directors also approved a new share repurchase
authorization which authorizes repurchases of up to $2 billion in
shares of common stock from July 1, 2021, through December 31,
2022. The prior outstanding authorization approved in November 2019
expires on June 30, 2021. The November 2019 authorization is not
expected to be fully utilized at the time of its expiration due to
the temporary suspension of share repurchases in 2020 in response
to the uncertainty of the impact of COVID-19.
Yum! Brands, Inc., based in Louisville, Kentucky, has over
50,000 restaurants in more than 150 countries and territories
primarily operating the Company’s KFC, Pizza Hut, and Taco Bell
brands – global leaders of the chicken, pizza, and Mexican-style
food categories. The Company’s family of brands also includes The
Habit Burger Grill, a fast-casual restaurant concept specializing
in made-to-order chargrilled burgers, sandwiches and more. Yum!
Brands was included on the 2021 Bloomberg Gender-Index and in 2020,
Yum! Brands was named to the Dow Jones Sustainability Index North
America and was ranked among the top 100 Best Corporate Citizens by
3BL Media.
Category: Financial
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version on businesswire.com: https://www.businesswire.com/news/home/20210510005935/en/
Analysts are invited to contact: Gavin Felder, Chief Strategy
Officer and Interim Head of Investor Relations, at 888/298-6986
Members of the media are invited to contact: Virginia Ferguson,
Senior Director, Public Relations, at 502/874-8200
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