Yum! Brands Adopts New $2B Stock Buyback Plan

by Shivani Kumaresan, Benzinga Staff Writer

September 12, 2022 9:48 AM | 1 min read | Make a Comment

Yum! Brands Inc 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.
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