Yum China Reports Fourth Quarter Results, Increases Dividend by 23% and Steps Up 2024 Share Repurchases to $1.25 billion

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Go back to Yum China Reports Fourth Quarter Results, Increases Dividend by 23% and Steps Up 2024 Share Repurchases to $1.25 billion

Jefferies on Yum China Holdings (YUMC) Dividend Raise: 'we believe the percentage increase is a nice positive surprise'

February 7, 2024 6:57 AM EST

Jefferies analyst Anne Ling reiterated a Buy rating on Yum China Holdings (NYSE: YUMC)

The analyst comments "YUMC announced 4Q23 results after US market close today. NP was much higher than our estimate of USD60m due to lower-than-expected ETR and investment loss. The company also announced an increase in DPS for 4Q23 and a... More