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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 | |
|---|---|---|---|---|---|---|---|---|
| -0.26 | -0.19% | 135.07 | 136.61 | 134.765 | 135.50 | 2,424,473 | 01:00:00 |
From May 2019 to May 2024
By Maria Armental
Yum Brands Inc. authorized buying back up to $4.2 billion of its stock by year's end as part of its pledge of returning $6.2 billion to shareholders ahead of the planned separation of its China business.
On Wednesday, Yum said it would offer $4.6 billion in new debt to shore up its finances ahead of the separation.
The China business, once at the center of Yum's growth plans but whose results had faltered amid food-safety scares and stiffer competition, has rebounded over the past year, posting three consecutive quarterly increases in sales at stores open for at least a year, a key industry metric.
The Louisville, Ky., company said Friday it had bought back 27.6 million shares, or about $2 billion of stock, from October through May 19. The company has a market value of roughly $32.6 billion, according to FactSet.
Shares, down 15% over the past 12 months, were up slightly in afternoon trading at $80.21.
Write to Maria Armental at maria.armental@wsj.com
(END) Dow Jones Newswires
May 20, 2016 15:08 ET (19:08 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.
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