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Latest headlines

Yum! Brands authorizes $1 billion stock buyback plan

By Jeremy Gerrard
Yum!  Brands authorizes $1 billion stock buyback plan
November 21, 2014

Yum!  Brands authorizes $1 billion stock buyback planThe Yum! Brands Inc. Board of Directors have authorized the company to repurchase up to $1 billion in additional shares of common stock in a buyback plant that will run through May 31, 2016.

Yum, whose brands include KFC, Pizza Hut and Taco Bell, said the company has already repurchased 9.4 million shares of common stock this year, totaling $691 million.

The company said its priority with the operating cash it generates is to invest in high-return global growth opportunities, while it is also committed to returning cast to shareholders.

In the past five years, Yum says it has returned more than $6 billion of cash through the combination of share repurchases and dividends.

KEYWORDS: food and beverage manufacturing food processing industry

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Jeremy Gerrard was Food Engineering's Digital/Online Editor. He is a graduate of Auburn University with a degree in journalism. His previous work experience includes years spent as a reporter with the Daily Local News out of Chester County, PA. In addition to writing feature articles for Food Engineering, Jeremy covered the Dry Processing, Field Reports and People and Industry news sections.

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