Yum! Brands, Inc. (NYSE:YUM) Plans $0.75 Quarterly Dividend

Yum! Brands, Inc. (NYSE:YUMGet Free Report) announced a quarterly dividend on Friday, August 28th. Investors of record on Wednesday, September 9th will be given a dividend of 0.75 per share by the restaurant operator on Friday, September 18th. This represents a c) annualized dividend and a yield of 1.9%. The ex-dividend date of this dividend is Wednesday, September 9th.

Yum! Brands has increased its dividend payment by an average of 0.1%per year over the last three years and has increased its dividend every year for the last 8 years. Yum! Brands has a dividend payout ratio of 44.6% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Yum! Brands to earn $7.03 per share next year, which means the company should continue to be able to cover its $3.00 annual dividend with an expected future payout ratio of 42.7%.

Yum! Brands Trading Up 2.2%

Yum! Brands stock traded up $3.33 during trading hours on Friday, reaching $154.08. 1,539,984 shares of the stock were exchanged, compared to its average volume of 2,139,262. The company has a market cap of $42.05 billion, a P/E ratio of 19.38, a price-to-earnings-growth ratio of 2.51 and a beta of 0.55. Yum! Brands has a twelve month low of $137.33 and a twelve month high of $170.14. The stock has a 50 day moving average of $153.44 and a two-hundred day moving average of $155.82.

Yum! Brands (NYSE:YUMGet Free Report) last issued its earnings results on Thursday, July 30th. The restaurant operator reported $1.62 EPS for the quarter, beating the consensus estimate of $1.58 by $0.04. Yum! Brands had a net margin of 25.42% and a negative return on equity of 24.57%. The company had revenue of $2.17 billion during the quarter, compared to analysts’ expectations of $2.18 billion. During the same period in the previous year, the company earned $1.44 EPS. The business’s revenue for the quarter was up 12.2% compared to the same quarter last year. On average, analysts expect that Yum! Brands will post 6.42 earnings per share for the current fiscal year.

Yum! Brands declared that its Board of Directors has initiated a share repurchase plan on Tuesday, June 16th that permits the company to repurchase $4.00 billion in outstanding shares. This repurchase authorization permits the restaurant operator to repurchase up to 9.4% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company’s board of directors believes its stock is undervalued.

About Yum! Brands

(Get Free Report)

Yum! Brands, Inc (NYSE: YUM) is a global quick-service restaurant company that develops, operates and franchises a portfolio of well-known restaurant brands. The company’s principal brands are KFC, Pizza Hut and Taco Bell, each focused on distinct product categories—KFC on fried chicken and related menu items, Pizza Hut on pizza and complementary offerings, and Taco Bell on Mexican-inspired quick-service food. Yum! is headquartered in Louisville, Kentucky and was formed as Tricon Global Restaurants in 1997 when PepsiCo spun off its restaurant businesses, later adopting the Yum! Brands name.

The company’s operating model centers on brand development, system growth and franchising; a large portion of its restaurants are operated by independent franchisees, and Yum! generates revenue through franchise royalties and fees in addition to sales from company-operated locations.

See Also

Dividend History for Yum! Brands (NYSE:YUM)

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