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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Yum Brands Inc | NYSE:YUM | NYSE | Common Stock |
Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|
-0.73 | -0.54% | 134.34 | 136.00 | 133.92 | 135.88 | 2,448,252 | 01:00:00 |
By Maria Armental
Yum Brands Inc. -- the owner of the KFC, Pizza Hut and Taco Bell fast-food brands -- is adding another $2 billion to its stock buyback authorization.
The $2 billion, to be used by the end of 2017, would be on top of what is left of its $4.2 billion authorization announced in May. Last month, when it filed a quarterly regulatory form, the Louisville, Ky.-based company said it had about $1.6 billion remaining.
Yum, which has spun off its China business, has increased considerably its return to shareholders, buying back some $3.76 billion of its stock through Sept. 3 and raising its quarterly dividend by a nickel to 51 cents a share.
Yum's shares closed Thursday at $60.76, up 16% this year, while Yum China Holdings Inc.'s shares closed at $27.09, up 6% over the past month.
Write to Maria Armental at maria.armental@wsj.com
(END) Dow Jones Newswires
November 17, 2016 18:53 ET (23:53 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.
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