Yum! Brands Reveals Authorization Of Up To $2B In Share Repurchases
Portfolio Pulse from Benzinga Newsdesk
Yum! Brands has announced a new share repurchase authorization of up to $2 billion, effective from July 1, 2024, through December 31, 2026. The previous authorization will expire on June 30, 2024.
May 15, 2024 | 8:17 pm
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Yum! Brands has authorized a new share repurchase program of up to $2 billion, starting from July 1, 2024, through December 31, 2026. This move is likely to positively impact the stock price in the short term as it signals confidence in the company's financial health.
Share repurchase programs generally indicate that a company believes its stock is undervalued and is confident in its financial stability. This can lead to a positive short-term impact on the stock price as it reduces the number of shares outstanding, potentially increasing earnings per share.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100