Score one for the good guys, as YUM Brands dividend just got a boost!
Yum! Brands, Inc. (NYSE:YUM) Board of Directors approved a 20% increase in the company’s quarterly dividend. The quarterly cash dividend will increase from $0.30 to $0.36 per share of common stock and will be distributed March 9, 2018 to shareholders of record at the close of business on February 14, 2018.
Do not forget that Yum! Brands was named to the Dow Jones Sustainability North America Index and ranked among the top 100 Best Corporate Citizens by Corporate Responsibility Magazine. The company’s restaurant brands – KFC, Pizza Hut and Taco Bell – are the global leaders of the chicken, pizza and Mexican-style food categories. Worldwide, the Yum! Brands system opens over six new restaurants per day on average, making it a leader in global retail development. What about our rating on the stock?
Quad 7 Capital currently has a hold rating on the name.