From “NASDAQ”:

Yum! Brands, Inc. recently announced a hike in its quarterly dividend payout, raising it by 11% to 67 cents per share (or $2.68 annually) from the previous payout of 60.5 cents. The hiked dividend will be paid out on Mar 8, 2024, to shareholders on record at the close of Feb 21, 2024. Based on the closing price of $129.44 per share on Jan 24, 2024, the stock has a dividend yield of 2.1% and a payout ratio of 46.

Despite the challenging macro environment, Yum! Brands impressed investors with robust same-store sales growth in the third quarter of 2023. The company reported consolidated same-store sales growth of 6% year over year, driven by rise in dine-in traffic, digital initiatives and third-party partnerships. The company is also benefiting from a recovery in emerging markets. In the third quarter of 2023, it reported digital sales of more than $7 billion.

3 stocks set to double, handpicked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2023. Most stocks are flying under Wall street radar. Chipotle is focusing on digital efforts, Chipotlane add-ons and marketing initiatives to drive sales. Darden Restaurants is focusing on off-premise sales and investing in technological enhancements. Dave & Buster’s is implementing strategic initiatives, marketing, technology investments and stations optimizations.



Read more: Yum! Brands (YUM) Rewards Shareholders With 11% Dividend Hike