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Yum! Brands declares 21 cents per share quarterly dividend
November 22, 2009
Pizza Hut parent company Yum! Brands Inc. board of directors declared a dividend of 21 cents per share of common stock, which will be distributed Feb. 5, 2010, to shareholders of record at the close of business on Jan. 15, 2010.
Yum! continues to return significant cash to shareholders through its dividend program, first initiated in 2004. Since then, the dividend has increased each year with the most recent increase of 11 percent, announced in September. The company expects to generate strong operating cash flow of over $1.5 billion this year from its diverse global portfolio and targets a payout ratio of 35-40 percent of annual net income each year.
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