YUM! Brands Holds Dividend Steady

Yum! Brands (YUM: 64.91 +0.73%) announced today that their Board of Directors has approved a quarterly dividend of $.19 per share.

 

Yum Brands current dividend yield now stands at 2.2%.

 

The dividend will be payable on August 7, 2009 to shareholders of record as of July 17, 2009.

 

Yum Brands has been paying dividends since 2004 and since then has increased their dividend four fold. The company stated in their press release that the increasing dividend reflects the “substantial free cash flow and consistent performance generated from its global business growth based on four key strategies:

 

1. Build leading brands across China in every significant category
2. Drive aggressive, international expansion and build strong brands everywhere
3. Dramatically improve U.S. brand positions, consistency and returns
4. Drive industry leading long-term shareholder and franchisee value

 

Since the beginning of the 2009, YUM’s shares are up 8% while the Dow Jones industrial average is down 4%.

 

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