Yum! Brands Inc. said Aug. 9 that its board declared a regular dividend of 42 cents per share of the company's common stock.
The dividend is payable Sept. 6 to shareholders of record as of Aug. 19.
The operator of KFC, Pizza Hut and Taco Bell fast-food chains raised its quarterly dividend to 42 cents from 36 cents on Jan. 25.
Yum! Brands' dividend announcement comes just days after it posted a 10% year-over-year drop in second-quarter net income as revenue fell 4% year over year to $1.31 billion.