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For your convenience, we have archived all of Yum! Brands' statements and press releases since our company's inception in 1997. To view an archived press release, please select a 'year' or 'brand' from the list above.
Yum! Brands Inc. Appoints Mirian M. Graddick-Weir to Board; Announces an Additional $750 Million Share-Repurchase Authorization and Declares Quarterly Dividend of $0.285 per Share
LOUISVILLE, KY, November 18, 2011 - Yum! Brands Inc. (NYSE: YUM) announced today the appointment of Mirian M. Graddick-Weir, 56, to its Board of Directors. Graddick-Weir is the Executive Vice President of Human Resources of Merck & Co., Inc. based in Whitehouse Station, New Jersey. The appointment will become effective at the Company's next Board meeting on January 26, 2012.
"Dr. Mirian Graddick-Weir will make an outstanding addition to the Yum! Brands Board of Directors. Mirian leads human resources for one of the leading pharmaceutical companies in the world and has a demonstrated leadership capability and distinguished career. As we continue to grow our system around the world by putting the capability of our people first, Mirian's specific expertise will complement our efforts to be a magnet for great talent and enhance our recognition culture," said David C. Novak, Yum! Brands Chairman and Chief Executive Officer. Graddick-Weir has been ranked as "HR Executive of the Year," "Woman of the Year" and "Top 25 Most Influential African-Americans" by several leading organizations.
Yum! also announced that its Board of Directors authorized the repurchase of up to an additional $750 million of the company's outstanding common stock through May 31, 2013. As of November 11, 2011, there was approximately $250 million remaining under the existing share-repurchase authorization. Repurchases of common stock may be made from time to time in the open market or through privately negotiated transactions and will be subject to market conditions and other factors.
Additionally, Yum! Brands Board of Directors declared a dividend of $0.285 per share of common stock, which will be distributed February 3, 2012, to shareholders of record at the close of business on January 13, 2012.
In September 2011, Yum! increased its quarterly dividend 14% to $0.285 per share. Yum! has increased its dividend each year since initiating a dividend in 2004. Each annual increase has been at a double-digit percentage rate. This track record of dividend growth places Yum! among top companies in the S&P 500.
Yum! is committed to returning significant cash to shareholders through both share repurchases and dividends. The Yum! dividend policy continues to target a payout ratio of 35 to 40% of annual net income.
Yum! Brands, Inc., based in Louisville, Ky., is the world's largest restaurant company in terms of system restaurants with over 38,000 restaurants in more than 110 countries and territories. The company is ranked #214 on the Fortune 500 List, with revenues of more than $11 billion in 2010. Four of the company's restaurant brands - KFC, Pizza Hut, Long John Silver's and Taco Bell - are the global leaders of the chicken, pizza, quick-service seafood and Mexican-style food categories. A&W Restaurants is the longest running quick-service franchise chain in America. Outside the United States, the Yum! Brands system opened approximately four new restaurants each day of the year, making it a leader in international retail development. The Company has consistently been recognized for its reward and recognition culture, diversity leadership, community giving, and consistent shareholder returns.
Analysts are invited to contact:
Tim Jerzyk, Senior Vice President Investor Relations, at 888⁄298–6986
Steve Schmitt, Director Investor Relations, at 888⁄298–6986
Members of the media are invited to contact:
Amy Sherwood, Vice President Public Relations, at 502⁄874–8200
The releases contained on this page may contain dated information. Readers are cautioned that the releases on this page are maintained here solely for the purposes of providing historical background about Yum! Brands, its business and product offerings. As the releases may contain dated information, they should not be relied upon as providing accurate or current information. Yum! Brands disclaims any intention or obligation to update or revise any of the information contained in any of the releases on this page, whether as a result of new information, future events or otherwise.
Yum! News 2011
December 05, 2011 Yum! Brands Announces Full-Year 2012 Expectations; Raises 2011 EPS Growth Forecast to at least 13%, Excluding Special Items; Will Host Investor Update Meeting Wednesday, December 7, 2011
November 22, 2011 Yum! Brands Reorganizes International Division to Drive Continued Growth; Promotes Micky Pant to Chief Executive Officer of International Division; and Creates Yum! Restaurants India as Separate Division
November 18, 2011 Yum! Brands Inc. Appoints Mirian M. Graddick-Weir to Board; Announces an Additional $750 Million Share-Repurchase Authorization and Declares Quarterly Dividend of $0.285 per Share
November 07, 2011 China’s Ministry of Commerce Approves Yum! Brands Proposal to Acquire China’s Little Sheep Restaurants
September 23, 2011 Yum! Brands, KFC, Pizza Hut and Taco Bell Launch Annual World Hunger Relief with Global Spokesperson Christina Aguilera Lending Her Powerful Voice in New Public Service Announcement
September 22, 2011 Yum! Brands Announces Definitive Agreements to Sell Long John Silver’s and A&W All-American Restaurants to Key Franchisee Leaders
September 20, 2011 Yum! Brands’ World Hunger Relief Effort Reports $67 Million Raised Over Three Years Toward Clinton Global Initiative Commitment; Nearly $85 Million Collected for World Food Programme and Others Since 2007
September 14, 2011 Yum! Brands Inc. Announces 14% Increase In Quarterly Dividend; Seventh Consecutive Double-Digit Increase
August 17, 2011 Yum! Brands Directs First $1 Million of World Hunger Relief Funds to Help Fight Hunger in The Horn of Africa
July 27, 2011 Christina Aguilera Lends Powerful Voice in New Public Service Announcement for Yum! Brands’ World Hunger Relief Effort This Fall
July 20, 2011 Yum! Brands Recognized by BLACK ENTERPRISE'S "40 Best Companies for Diversity" List for Seventh Consecutive Year; Diversity Drives Culture and Business at World's Largest Restaurant Company
May 19, 2011 Yum! Brands Inc. Declares Quarterly Dividend of $0.25 Per Share
May 13, 2011 Proposed Privatization of Little Sheep at HK$6.50 per Scheme Share
April 26, 2011 Yum! Brands Makes Preliminary Proposal to Acquire China’s Little Sheep Restaurants
April 18, 2011 Yum! Brands’ International Division Opens 400th KFC Restaurant in Indonesia; Milestone Spotlights Company’s Growth and Success in Emerging Markets
March 25, 2011 Yum! Brands Inc. Declares Quarterly Dividend of $0.25 Per Share
January 18, 2011 Yum! Brands Places Long John Silver’s and A&W All–American Restaurants for Sale