Yum! Brands Inc. Declares Quarterly Dividend
Sep 15, 2005
LOUISVILLE, KY, September 15, 2005 – Yum! Brands Inc. (NYSE: YUM) announced that its Board of Directors approved a dividend of $0.115 per share of common stock, which will be distributed November 4, 2005, to stockholders of record at the close of business October 14, 2005.
In May 2004, the company initiated a regular quarterly dividend of $0.10 per share, and the first payment was distributed August 6, 2004. In May 2005, the Board of Directors approved a 15% increase in the quarterly cash payment, resulting in higher quarterly cash dividend payments of $0.115 per share from the previous $0.10 per share.
Yum! Brands Inc., based in Louisville, Kentucky, is the world’s largest restaurant company in terms of system restaurants with nearly 34,000 restaurants in more than 100 countries and territories. Four of the company’s restaurant brands — KFC, Pizza Hut, Taco Bell and Long John Silver’s — are the global leaders of the chicken, pizza, Mexican-style food and quick-service seafood categories respectively. Yum! Brands is the worldwide leader in multibranding, which offers consumers more choice and convenience at one restaurant location from a combination of KFC, Taco Bell, Pizza Hut, A&W or Long John Silver’s brands. The company and its franchisees today operate over 2,900 multibrand restaurants. Outside the United States in 2004, the Yum! Brands’ system opened about three new restaurants each day of the year, making it one of the fastest growing retailers in the world. The company has been recognized in Black Enterprise Magazine as one of the “30 Best Companies for Diversity” and for the past two years in Fortune’s top 50 “Best Companies for Minorities,” claiming the number-one spot for “managerial diversity.”