Yum's board authorized the repurchase of up to an additional $750 million of the company's shares through May 31, 2013. The company said there was about $250 million remaining under an existing share-buyback authorization as of Nov. 11.
The board also declared a quarterly dividend of 28.5 cents a share to be paid Feb. 3 to shareholders of record on Jan. 13. Yum said in September that it would raise its dividend by 14 percent, to 28.5 cents a share. The company has increased its dividend every year since it began paying them in 2004.
Yum! Brands, based in Louisville, Ky., operates about 37,000 fast-food restaurants in the U.S. and more than 100 other countries. Its brands include KFC, Pizza Hut and Taco Bell.
Shares of the company rose 7 cents to close at $53.84.
Copyright 2011 The Associated
Press. All rights reserved. This material may not be published,
broadcast, rewritten or redistributed.
< Recent articles
Back to top
News | Sports | Business | Rural Review | Teaching & Learning | Home and Family | Tourism | Obituaries
Law & Courts |
Spiritual Life |
Health & Fitness |
Calendar | Letters to the Editor