LOUISVILLE, Ky. — Yum Brands Inc., the parent company of Pizza Hut, Taco Bell, Long Jon Silvers, KFC and A&W brands, plans to split its stock 2-for-1, according to a news release.
The stock split will be in the form of a stock dividend and will double the number of shares held by shareholders of record on June 1.
The dividend will be distributed on June 26. Yum! Brands' common stock will begin trading on a split-adjusted basis the following day.
Yum's stock price has doubled in five years, going from a split-adjusted $32.21 on June 17, 2002, when the company completed its first 2-for-1 split, to about $66 today.