Yum! Brands Adopts New $2B Stock Buyback Plan

Yum! Brands Inc (NYSE:YUM) Board of Directors approved a new share repurchase authorization for up to $2 billion in shares of common…
  • Yum! Brands Inc (NYSE:YUM) Board of Directors approved a new share repurchase authorization for up to $2 billion in shares of common stock through June 30, 2024.
  • The new authorization will take effect upon the exhaustion of the current authorization approved in May 2021.
  • YUM had about $236 million remained available from the previous approval as of September 12, 2022.
  • The Pizza Hut owner operates a system of over 53,000 restaurants in 155 countries and territories.
  • It held $628 million in cash and equivalents as of June 30, 2022.
  • Price Action: YUM shares are trading higher by 1.57% at $117.91 on the last check Monday.
  • Photo Via Wikimedia Commons
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