KFC parent Yum Brands approves $2 billion in share buybacks
By Ben Glickman
KFC and Pizza Hut parent company Yum Brands (YUM) said its board had approved a new $2 billion share buyback program over the next two years.
The Louisville, Ky.-based company, which also oversees Taco Bell and Habit Burger Grill restaurants, said the share repurchase authorization allowed for up to $2 billion in shares to be bought between July 1, 2024, and Dec. 31, 2026.
The company's prior buyback program expires on June 30. That authorization, announced in September 2022, was also for $2 billion.
Yum also declared its regular dividend of 67 cents a share.
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05-15-24 1949ET
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