Yum! Brands Inc (YUM) Raises Quarterly Dividend 10.8% to $0.41; 2.3% Yield

Yum! Brands Inc (NYSE: YUM) declared a quarterly dividend of $0.41 per share, or $1.64 annualized. This is a 10.8% increase from the prior dividend of $0.37.

The dividend will be payable on November 7, 2014, to stockholders of record on October 17, 2014, with an ex-dividend date of October 15, 2014.

The annual yield on the dividend is 2.3 percent.

David C. Novak, Chairman and Chief Executive Officer, said, “I am pleased to inform our shareholders we increased our dividend by 11%, marking the tenth consecutive year we have raised our dividend at a double-digit percentage rate. Over the last five years we have returned nearly $6 billion of cash through a combination of share repurchases and dividends.

“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.”

For a dividend history and other dividend-related data on Yum! Brands Inc (YUM) click here.

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