Yum Brands Authorizes Up to $2 Billion in Additional Share Repurchases
10 August 2018 - 11:59PM
Dow Jones News
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.
Yum Brands (NYSE:YUM)
Historical Stock Chart
From Mar 2024 to Apr 2024
Yum Brands (NYSE:YUM)
Historical Stock Chart
From Apr 2023 to Apr 2024
