Yum! Brands Hikes Dividend 10%

The operator of restaurant chains, KFC, Pizza Hut, and Taco Bell Yum! Brands announced today its third-quarter dividend of $0.37 per share, a 10% increase from the $0.335 per share it paid to investors last quarter.

Commenting on the last increase in the quarterly payout, Yum! Brands Chairman and CEO David C. Novak said the higher dividend marked "the ninth consecutive year we have raised our dividend at a double-digit percentage rate. Our quarterly dividend has nearly doubled over the last five years."

He went on to note the restaurant chains "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."


The board of directors said the quarterly dividend is payable on November 1 to holders of record at the close of business on October 11. The regular dividend payment equates to a $1.48-per-share annual dividend, yielding 2% based on the closing price today of Yum! Brands' stock.

YUM Dividend Chart

YUM Dividend data by YCharts. Does not include recent dividend increase.

The article Yum! Brands Hikes Dividend 10% originally appeared on Fool.com.

Fool contributor Rich Duprey has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

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