Yum! Brands, Inc. (NYSE:YUM) has declared a quarterly dividend of $0.21 per share of common stock. The quarterly dividend will be payable on May 7, 2010. The record date is April 16, 2010. The company’s Board of Directors has also announced the authorization of $300 million in share repurchases over the next 12 months. $300 million in share repurchases was previously approved by the Board in September 2009.
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YUM! Brands, Inc. (YUM) is a quick service restaurant (QSR) with over approximately 37,000 units in more than 110 countries and territories. Through the five concepts of KFC, Pizza Hut, Taco Bell, LJS and A&W (the Concepts), the Company develops, operates, franchises and licenses a worldwide system of restaurants, which prepare, package and sell a menu of food items. In addition, the Company owns non-controlling interests in entities in China who operate similar to franchisees of KFC and a non-controlling interest in Little Sheep, a Hot Pot concept. YUM operates in six segments: KFC-U.S., Pizza Hut-U.S., Taco Bell-U.S., Long John Silver’s (LJS)-U.S. and A&W All American Food Restaurants (A&W)-U.S., YUM Restaurants International (YRI or International Division), and YUM Restaurants China (China Division). On May 4, 2009, it acquired an additional 7% interest in the entity that operates more than 200 KFCs in Shanghai, China.
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