News

Yum! Brands increases quarterly dividend by 11%

September 11, 2014

Yum! Brands Inc.'s board of directors has approved an 11 percent increase in the company's quarterly dividend. The quarterly cash dividend will increase from $0.37 to $0.41 per share and will be effective with the dividend payment to be distributed on Nov. 7 to shareholders of record at the close of business on Oct. 17.

This increase raises the annual dividend rate to $1.64 per share.

This marks the 10th consecutive year the company has increased its dividend at a double-digit percentage rate, according to a news release.

"Over the last five years we have returned nearly $6 billion of cash through a combination of share repurchases and dividends," CEO David Novak said in the release. "Our first priority with the operating cash we generate is to invest in high-return global growth opportunities. In addition to investing in future growth, Yum!'s substantial free cash flow generation allows us to return significant cash to our shareholders through a meaningful quarterly dividend and share buybacks."