Yum! Brands, Inc. Declares First Dividend since Separation of China Business
December 21 2016 - 4:15PM
Business Wire
Yum! Brands, Inc. (NYSE: YUM) Board of Directors declared the
company’s first dividend since separation of its China business of
$0.30 per share of common stock. The quarterly dividend will be
distributed February 3, 2017 to shareholders of record at the close
of business on January 13, 2017. Over the long term, Yum! targets a
payout ratio of 45%-50% of annual net income, before special
items.
Yum! Brands, Inc., based in Louisville, Kentucky, has nearly
43,000 restaurants in 135 countries and territories and is one of
the Aon Hewitt Top Companies for Leaders in North America. The
company’s restaurant brands – KFC, Pizza Hut and Taco Bell – are
the global leaders of the chicken, pizza and Mexican-style food
categories. Worldwide, the Yum! Brands system opens over six new
restaurants per day on average, making it a leader in global retail
development.
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version on businesswire.com: http://www.businesswire.com/news/home/20161221005727/en/
Yum! Brands, Inc.Analysts are invited to contact:Keith Siegner,
888-298-6986Vice President, Investor Relations & Corporate
Strategy & TreasurerorElizabeth Grenfell, 888-298-6986Director,
Investor RelationsorMembers of the media are invited to
contact:Virginia Ferguson, 502-874-8200Director, Public
Relations
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