Yum China to Issue Quarterly Dividend of $0.24 (NYSE:YUMC)

Key Points

• Yum China has declared a quarterly dividend of $0.24 per share, with payment scheduled for September 23rd to shareholders of record by September 2nd, yielding 2.1% annually.
• The company reported $0.58 EPS for the last quarter, exceeding analysts' expectations, and is projected to earn $2.90 per share in the following year.
• Recent institutional trading shows strong support for Yum China, with notable increases in holdings from firms like GAMMA Investing LLC and Principal Financial Group Inc., reflecting confidence in the company's prospects.

Yum China (NYSE:YUMC - Get Free Report) declared a quarterly dividend on Tuesday, August 5th, RTT News reports. Shareholders of record on Tuesday, September 2nd will be paid a dividend of 0.24 per share on Tuesday, September 23rd. This represents a c) annualized dividend and a yield of 2.1%.

Yum China has a payout ratio of 33.2% meaning its dividend is sufficiently covered by earnings. Analysts expect Yum China to earn $2.90 per share next year, which means the company should continue to be able to cover its $0.96 annual dividend with an expected future payout ratio of 33.1%.

Yum China Trading Down 0.4%

Shares of YUMC opened at $46.51 on Tuesday. The firm has a market cap of $17.27 billion, a price-to-earnings ratio of 19.46, a PEG ratio of 1.76 and a beta of 0.27. Yum China has a 52-week low of $28.50 and a 52-week high of $53.99. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.11 and a current ratio of 1.26. The business's fifty day moving average is $45.48 and its 200-day moving average is $46.53.

Yum China (NYSE:YUMC - Get Free Report) last released its quarterly earnings results on Tuesday, August 5th. The company reported $0.58 EPS for the quarter, beating analysts' consensus estimates of $0.57 by $0.01. Yum China had a return on equity of 14.08% and a net margin of 8.09%. Equities analysts anticipate that Yum China will post 2.54 EPS for the current fiscal year.

Institutional Trading of Yum China

Institutional investors and hedge funds have recently modified their holdings of the stock. GAMMA Investing LLC grew its holdings in Yum China by 4,967.3% during the first quarter. GAMMA Investing LLC now owns 98,914 shares of the company's stock valued at $5,149,000 after purchasing an additional 96,962 shares during the period. Principal Financial Group Inc. boosted its holdings in shares of Yum China by 35.6% in the first quarter. Principal Financial Group Inc. now owns 14,102,077 shares of the company's stock worth $734,150,000 after acquiring an additional 3,704,756 shares during the period. AXA S.A. raised its position in shares of Yum China by 34.4% in the fourth quarter. AXA S.A. now owns 31,286 shares of the company's stock worth $1,507,000 after buying an additional 8,016 shares in the last quarter. Sarasin & Partners LLP purchased a new stake in shares of Yum China in the first quarter worth $2,863,000. Finally, Summit Trail Advisors LLC raised its position in shares of Yum China by 255.9% in the first quarter. Summit Trail Advisors LLC now owns 45,540 shares of the company's stock worth $2,371,000 after buying an additional 32,745 shares in the last quarter. 85.58% of the stock is owned by hedge funds and other institutional investors.

About Yum China

Yum China Holdings, Inc owns, operates, and franchises restaurants in the People's Republic of China. The company operates through KFC, Pizza Hut, and All Other segments. It operates restaurants under the KFC, Pizza Hut, Taco Bell, Lavazza, Little Sheep, and Huang Ji Huang concepts. The company also operates V-Gold Mall, a mobile e-commerce platform to sell products; and offers online food deliver services.

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