Bloomberg News

Yum Announces Plan to Buy Back Up to $1 Billion in Shares

November 16, 2012

Yum! Brands Inc. (YUM:US), owner of the Taco Bell and KFC dining chains, will buy back as much as $1 billion in additional shares amid rising sales and profit this year.

The restaurant operator joins other consumer companies looking to reward shareholders. Procter & Gamble Co. (PG:US) and Starbucks Corp. (SBUX:US) increased stock buyback programs yesterday, while Nike Inc. (NKE:US) boosted its dividend by 17 percent. Louisville, Kentucky-based Yum has this year repurchased $815 million of common stock at an average price of $66 a share, according to a statement.

Yum rose 1.1 percent to $71.89 at the close in New York. The shares have gained 22 percent this year.

To contact the reporter on this story: Leslie Patton in Chicago at

To contact the editor responsible for this story: Robin Ajello at

The Aging of Abercrombie & Fitch

Companies Mentioned

  • YUM
    (Yum! Brands Inc)
    • $74.11 USD
    • 0.32
    • 0.43%
  • PG
    (Procter & Gamble Co/The)
    • $90.08 USD
    • -1.54
    • -1.71%
Market data is delayed at least 15 minutes.
blog comments powered by Disqus