Yum Brands to return $13.5 billion to shareholders by 2019

Yum Brands to return $13.5 billion to shareholders by 2019
 

Yum Brands Inc (YUM.N), owner of Pizza Hut, KFC and Taco Bell, said it expects to return as much as $13.5 billion (10.97 billion pounds) to shareholders by 2019 after the separation of its China unit.
Yum Brands' shares were up 1.2 percent at $88.45 before the bell on Tuesday.
The company said it would increase franchise restaurant ownership to 93 percent, from 77 percent now, when the China business is spun off on Oct. 31. The company aims to be least 98 percent franchised by the end of 2018.
Yum said it had bought back $5.2 billion of shares as a part of its previously announced capital... read more

 
11 October 2016 in Business, Views: 38
Source: Reuters
Share:
  •  





    News Widget for Webmasters



    Bring Eugene's son back home immediately

    Realtime News

     

    «
    »
    Mo Tu We Th Fr Sa Su
          1 2 3 4
    5 6 7 8 9 10 11
    12 13 14 15 16 17 18
    19 20 21 22 23 24 25
    26 27 28 29 30 31