Yum! Brands cuts dividend by 41.2% following spin-off

Yum! Brands, Inc. (YUM) will lower its dividend from $0.51 to $0.30 quarterly following the Yum China Holdings separation.

The new quarterly dividend will be distributed February 3, 2017 to shareholders of record at the close of business on January 13, 2017.

Fast food company Yum! Brands, Inc., based in Louisville, Kentucky, operates the licensed brands Taco Bell, KFC, Pizza Hut in 135 countries.

The new dividend yield for Yum! is 1.9% at a stock price of $64.27.

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