Yum China Holdings' Board Of Directors Has Increased The Company's Share Repurchase Authorization By $1B To An Aggregate Of $3.4B
Portfolio Pulse from Benzinga Newsdesk
Yum China Holdings' board of directors has approved an increase in the company's share repurchase authorization by $1B, bringing the total to $3.4B.

November 02, 2023 | 11:52 am
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Yum China Holdings has increased its share repurchase authorization by $1B to $3.4B, which could potentially boost the company's stock price.
Share repurchase programs are often seen as a sign of a company's strong financial health and can lead to an increase in share price. This is because they reduce the number of shares outstanding, which in turn increases earnings per share and often leads to a higher stock price. Therefore, Yum China's decision to increase its share repurchase authorization could potentially have a positive impact on its stock price.
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