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

Date : 10/08/2018 @ 23:59
Source : Dow Jones News
Stock : Yum! Brands, Inc. (YUM)
Quote : 91.7  -1.76 (-1.88%) @ 11:15
Yum share price Chart

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

Yum (NYSE:YUM)
Historical Stock Chart

6 Months : From Jun 2018 to Dec 2018

Click Here for more Yum Charts.
   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.
Your Recent History
FX
EURAUD
Euro vs Au..
FX
USDAUD
US Dollar ..
ASX
WPL
Woodside
NASDAQ
AAPL
Apple
ASX
BHP
BHP Bilito..
Stocks you've viewed will appear in this box, letting you easily return to quotes you've seen previously.

Register now to create your own custom streaming stock watchlist.

NYSE, AMEX, and ASX quotes are delayed by at least 20 minutes.
All other quotes are delayed by at least 15 minutes unless otherwise stated.

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P: V:au D:20181215 17:22:38