22.11.2013 19:33:39

Yum! Brands Board Authorizes $750 Mln In Additional Share Repurchases

(RTTNews) - Yum! Brands Inc. (YUM) said Friday that its Board of Directors has authorized the company to repurchase up to $750 million in additional shares of common stock.

The $750 million in additional share repurchases of the company's outstanding common stock is authorized through May 31, 2015. Year-to-date, the company has repurchased $708 million of shares of common stock at an average price of $68.

The company also declared a dividend of $0.37 per share of common stock. The quarterly dividend will be distributed February 7, 2014, to shareholders of record at the close of business on January 17, 2014.

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YUM! Brands Inc. 138,80 0,84% YUM! Brands Inc.