Yum! Brands Inc.'s board of directors has approved a 10-percent increase in the company's quarterly dividend. The quarterly cash dividend will increase from $0.335 to $0.37 per share and will be effective with the dividend payment to be distributed on Nov. 1, to shareholders of record at the close of business on Oct. 11.

This increase raises the annual dividend rate to $1.48 per share. The increase marks the company's ninth consecutive year of double-digit dividend increases. Yum!'s quarterly dividend has nearly doubled throughout the past five years, according to a news release.

"Our first priority with the operating cash we generate is to invest in high-return global growth opportunities. In addition to investing in future growth, Yum!'s substantial free cash flow generation allows us to return significant cash to our shareholders through a meaningful quarterly dividend and share buybacks," said David C. Novak, CEO and chairman.

Yum! initiated its dividend in 2004.

Read more about operations management.

Related Content

User Comments – Give us your opinion!
Products & Services

Digital Menu Boards

http://global.networldalliance.com/new/images/products/6681.png

6681/Digital-Menu-Boards

Business Performance Management

http://global.networldalliance.com/new/images/products/6413.png

6413/Business-Performance-Management

Can you prove your restaurant POS is PCI-compliant?

http://global.networldalliance.com/new/images/products/1292.png

1292/Can-you-prove-your-restaurant-POS-is-PCI-compliant

ExpressNet

http://global.networldalliance.com/new/images/products/ExpressNet_iix.gif

1428/ExpressNet

Custom Digital Signage Templates

http://global.networldalliance.com/new/images/products/6683.png

6683/Custom-Digital-Signage-Templates

AquaCafe

http://global.networldalliance.com/new/images/products/6965.png

6965/AquaCafe

Supply Chain Management

http://global.networldalliance.com/new/images/products/6405.png

6405/Supply-Chain-Management

POS health test: do a quick check

http://global.networldalliance.com/new/images/products/1288.png

1288/POS-health-test-do-a-quick-check

Group Purchasing Services

http://global.networldalliance.com/new/images/products/6403.png

6403/Group-Purchasing-Services

Online Ordering

http://global.networldalliance.com/new/images/products/4285.png

4285/Online-Ordering

Digital Menu Boards and ROI
Fast Casual Executive Summit
Request Information From Suppliers
Save time looking for suppliers. Complete this form to submit a Request for Information to our entire network of partners.