Yum OKs another $1.25B in share buybacks

LOUISVILLE Ky. Yum! Brands Inc. authorized on Thursday an additional repurchase of $1.25 billion in corporate stock over the next 12 months, its second such authorization in just four months.

The stock will be repurchased as part of the restaurant company’s overall buyback plan to purchase up to $4 billion of Yum stock during the next two years, which reduces its overall share count and aids earnings-per-share growth. In October, Yum authorized a $1.25 billion

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