Yum China Increases Dividend by 21% To $0.29/Share, Plans $460M Share Buyback; Announces $1.5B Capital Return in 2026

Yum China Holdings Inc

Yum China Holdings Inc

YUMC

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  • In 2026, the Company plans to return $1.5 billion in capital to shareholders.
    • Yum China's board of directors (the "Board") declared a 21% increase in the cash dividend, raising it to $0.29 per share on Yum China's common stock, payable on March 25, 2026, to shareholders of record as of the close of business on March 4, 2026.
    • The Company has entered into share repurchase agreements in the U.S. and Hong Kong for an aggregate repurchase amount of approximately US$460 million through open market transactions for the first half of 2026. The share repurchase agreements include approximately US$350 million under Rule 10b5-1 of the U.S. Securities Exchange Act of 1934 in the U.S. and approximately HK$880 million for a similar program in Hong Kong.
  • Starting in 2027, the Company plans to return approximately 100% of annual free cash flow after subsidiaries' dividend payments to non-controlling interests. This is anticipated to translate into an average annual return of approximately $900 million to over $1 billion in 2027 and 2028, and to exceed $1 billion in 2028.
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