Yum! Brands (YUM) Raises Quarterly Dividend 10.9% to $0.51; 2.3% Yield
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Yum! Brands Board of Directors Approves Separation of Yum China and Announces Increased Dividend
September 26, 2016 9:25 AM EDTSeparation on Track to Be Completed on October 31, 2016
Dividend Increased 11%
LOUISVILLE, Ky.--(BUSINESS WIRE)-- Yum! Brands, Inc. (NYSE: YUM) today announced that its Board of Directors has approved the previously announced separation of its China business, now owned by Yum China Holdings, Inc. (Yum China), from Yum! Brands, which is currently expected to occur after the close of business on October 31, 2016. Yum China expects to begin trading regular way as an independent company beginning November 1, 2016, on the New York Stock Exchange (NYSE) under the ticker... More
