Yum Brands said late Friday its board of directors approved a 20% increase in the company’s dividend, to 36 cents a share from 30 cents a share. The dividend will be paid on March 9 to shareholders of record on Feb. 14. Yum, based in Louisville, Ky., has more than 44,000 KFC, Pizza Hut and Taco Bell restaurants in more than 135 countries. Shares of Yum Brands were flat in late trading Friday after ending the regular session up 0.6%.
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