Yum! Brands: to Repurchase 750 Million USD in Shares

Louisville / KY. (yb) Yum! Brands Inc. announced that its Board of Directors authorized the repurchase of up to an additional 750 million USD of the company´s outstanding common stock over a period of up to 18 months. As of January 26, 2011, there was approximately 130 million USD remaining under the March 2010 share-repurchase authorization. Repurchases of common stock may be made from time to time in the open market or privately negotiated transactions and will be subject to market conditions and other factors. Yum! is committed to returning significant cash to shareholders through both share repurchases and dividends. In September 2010 Yum! increased its quarterly dividend 19 percent to an annual rate of 1,00 USD per share. This was the sixth consecutive annual increase since the quarterly dividend was initiated in 2004. Yum! Brands Inc., based in Louisville, Kentucky, is the world´s largest restaurant company in terms of system restaurants, with more than 37’000 restaurants in over 110 countries and territories.

bakenet:eu