Yum! Brands, Inc. (YUM) to Issue $0.30 Quarterly Dividend
Yum! Brands, Inc. (NYSE:YUM) declared a quarterly dividend on Monday, October 23rd, RTT News reports. Shareholders of record on Wednesday, November 15th will be paid a dividend of 0.30 per share by the restaurant operator on Friday, December 8th. This represents a $1.20 annualized dividend and a dividend yield of 1.59%.
Yum! Brands has increased its dividend by an average of 11.2% per year over the last three years and has increased its dividend every year for the last 8 years. Yum! Brands has a dividend payout ratio of 42.9% meaning its dividend is sufficiently covered by earnings. Research analysts expect Yum! Brands to earn $3.18 per share next year, which means the company should continue to be able to cover its $1.20 annual dividend with an expected future payout ratio of 37.7%.
Shares of Yum! Brands (NYSE YUM) traded down 0.81% on Monday, hitting $75.55. 1,695,277 shares of the company’s stock traded hands. The firm’s 50-day moving average price is $75.67 and its 200 day moving average price is $72.81. The company has a market cap of $26.05 billion, a price-to-earnings ratio of 20.06 and a beta of 0.81. Yum! Brands has a 1-year low of $59.43 and a 1-year high of $78.14.
Yum! Brands (NYSE:YUM) last posted its earnings results on Thursday, August 3rd. The restaurant operator reported $0.68 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.61 by $0.07. The company had revenue of $1.45 billion for the quarter, compared to analyst estimates of $1.42 billion. Yum! Brands’s quarterly revenue was down 4.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.75 earnings per share. On average, equities research analysts expect that Yum! Brands will post $2.81 earnings per share for the current year.
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Several equities analysts have recently issued reports on the company. Zacks Investment Research upgraded Yum! Brands from a “hold” rating to a “buy” rating and set a $83.00 target price for the company in a research report on Thursday, July 20th. CIBC boosted their price objective on Yum! Brands from $80.00 to $85.00 and gave the company an “outperform” rating in a research report on Friday, September 8th. Robert W. Baird reiterated a “hold” rating and issued a $78.00 price objective on shares of Yum! Brands in a research report on Thursday, October 12th. BMO Capital Markets boosted their price objective on Yum! Brands from $66.00 to $77.00 and gave the company a “market perform” rating in a research report on Thursday, August 3rd. Finally, Cowen and Company reiterated a “buy” rating and issued a $85.00 price objective on shares of Yum! Brands in a research report on Friday, September 8th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating, twelve have assigned a buy rating and two have issued a strong buy rating to the stock. Yum! Brands currently has an average rating of “Buy” and a consensus price target of $79.34.
In other news, CFO David W. Gibbs sold 8,336 shares of the company’s stock in a transaction that occurred on Wednesday, August 9th. The stock was sold at an average price of $74.00, for a total transaction of $616,864.00. Following the sale, the chief financial officer now owns 39,664 shares in the company, valued at approximately $2,935,136. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 7.38% of the company’s stock.
About Yum! Brands
YUM! Brands, Inc is engaged in restaurant business. As of December 31, 2016, the Company operated or franchised over 43,500 restaurants in more than 135 countries and territories operating under the KFC, Pizza Hut or Taco Bell (collectively the Concepts) brands. The Company operates through three segments: The KFC Division, which includes the operations of the KFC concept around the world; The Pizza Hut Division, which includes the operations of the Pizza Hut concept around the world, and The Taco Bell Division, which includes the operations of the Taco Bell concept around the world.
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