Yum China Board Declares $0.29 Dividend, Sets Dec. 22 Payment

Yum China Holdings, Inc.’s board declared a $0.29-per-share cash dividend payable Dec. 22, extending a shareholder-return program that includes $1.5 billion in planned returns for 2026.

Shareholders of record as of the close of business Dec. 1 qualify for the payment. The dividend per-share rate follows a 21% increase in February.

Yum China returned $1.08 billion to shareholders through Sept. 30: $778 million through share repurchases and $302 million in cash dividends. In November, the board added $1 billion to the company’s share-repurchase authorization, leaving about $1.3 billion available for future buybacks.

The company’s stated goal is to return $1.5 billion in each year from 2024 through 2026. That annual amount equates to about 10% of Yum China’s market capitalization as of Oct. 30.

Yum China shares trade on the New York Stock Exchange under the symbol YUMC and on the Hong Kong Stock Exchange under 9987.