YUM! Brands, Inc. (YUM) will raise its quarterly dividend by 6.4 percent to 50 cents per share in 2021. This follows a dividend hike of 11.9 percent to $0.47 per share in the first quarter of 2020 and will mark the 4th consecutive year of dividend increases.
The next dividend will be paid on March 12, 2021 to shareholders of record at the close of business on February 12, 2021. A new annualized dividend rate of $2.00 per share yields 1.9% at a stock price of $104.73.
Yum! Brands, Inc., based in Louisville, Kentucky, is a restaurant company. The company’s three concepts of KFC, Pizza Hut and Taco Bell, develop, operate or franchise a worldwide system of restaurants which prepare, package and sell a menu of competitively priced food items. The company's franchisees range in size from individuals owning just one restaurant to large publicly-traded companies owning multiple restaurants.
2022