Yum! Brands (YUM) Declares $0.50 Quarterly Dividend; Approves $2B Buyback Plan

May 10, 2021 4:51 PM EDT

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Yum! Brands (NYSE: YUM) declared a quarterly dividend of $0.50 per share, or $2 annualized.

The dividend will be payable on June 11, 2021, to stockholders of record on May 28, 2021, with an ex-dividend date of May 27, 2021.

The annual yield on the dividend is 1.6 percent.

Yum’s Board of Directors also approved a new share repurchase authorization which authorizes repurchases of up to $2 billion in shares of common stock from July 1, 2021, through December 31, 2022. The prior outstanding authorization approved in November 2019 expires on June 30, 2021. The November 2019 authorization is not expected to be fully utilized at the time of its expiration due to the temporary suspension of share repurchases in 2020 in response to the uncertainty of the impact of COVID-19.

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

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