- During the fourth quarter, the Company stepped up share repurchases, totaling 7.5 million shares of common stock for $336 million. In 2023 the Company repurchased 12.4 million shares, equivalent to about 3% of its total outstanding shares. As of December 31, 2023, approximately $1.5 billionremained available for future share repurchases under the current authorization program.
- The Company plans to significantly accelerate the return of value to its shareholders in 2024:
- The board declared a 23% increase in cash dividend to $0.16 per share on Yum China’s common stock, payable on March 26, 2024 to shareholders of record as of the close of business on March 5, 2024.
- The Company plans to repurchase $1.25 billion of its common stock in 2024, through open market transactions in the U.S. and Hong Kong
https://yumchinaholdingsinc.gcs-web.com/news-releases/news-release-details/yum-china-reports-fourth-quarter-results-increases-dividend-23/
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