Yum China Announces $1.25B Buyback Program For 2024
Portfolio Pulse from Benzinga Newsdesk
Yum China has announced a new $1.25 billion stock buyback program set to take place in 2024. This move is aimed at returning value to shareholders and potentially increasing the stock's value by reducing the number of shares outstanding.
February 06, 2024 | 9:35 pm
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Yum China's announcement of a $1.25 billion stock buyback program for 2024 is likely to be viewed positively by investors, as buybacks often lead to an increase in share value.
Stock buyback programs are generally seen as a positive signal by the market, as they can increase earnings per share and reduce the supply of shares, potentially leading to a price increase. Given the substantial amount of $1.25 billion, this program is likely to have a significant impact on Yum China's stock in the short term.
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