Skip navigation

Yum approves two-for-one stock split

LOUISVILLE Ky. Yum! Brands Inc., parent company to Taco Bell, KFC, Pizza Hut and other brands, said Thursday its board had approved a two-for-one stock split to be paid in the form of a stock dividend, a move that is part of the company's effort to return $1.3 billion to shareholders this year.

The stock split entitles each shareholder of record at the close of business on June 1 to receive one additional share for every outstanding share held. It will be distributed on June 26, and Yum's stock will trade on a split-adjusted basis beginning on June 27.

The company also announced Thursday a 15-cent-per-share dividend, on a split-adjusted basis, to be distributed on August 3 to shareholders of record on July 13.

Yum said the moves show its "confidence in [the company's] continued strong performance."

The plan to return $1.3 billion to shareholders this year through buybacks and dividends will reduce the company's outstanding share count by at least 3 percent, the company said.

Hide comments

Comments

  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.
Publish