Yum Brands Inc. has increased its quarterly dividend by 19 percent, the company said Tuesday.
The operator of KFC, Pizza Hut, Taco Bell and Long John Silver's said its consistent performance and substantial free cash flow enabled it to increase its dividend from 21 to 25 cents per share.
On Tuesday, shares quickly hit a new 52-week high of $46.25.
The dividend will be distributed Nov. 5 to shareholders of record as of Oct. 15.
Source: AP News
