Yum Brands Inc. , whose brands include KFC, Taco Bell and Pizza Hut, raised their quarterly dividend to 51 cents per share on Monday payable on Nov. 4, 2016 to shareholders of record as of the close of business on Oct. 19. That’s an 11% increase from the previous quarterly dividend of 46 cents per share. The company also said it expects to begin trading the separated Yum China business on Nov. 1, 2016, the day after the expected close of the spin-off, under the “YUMC” ticker. Trading for both Yum Brands and Yum China is expected to begin on the New York Stock Exchange on Oct. 17, 2016 under the tickers “YUM WI” and “YUMC WI” respectively.” The Yum Brands board has approved a distribution of one share of Yum China common stock for one share of Yum Brands common stock held at the close of business on Oct. 19. The number of Yum Brands shares owned by each shareholder will not change as a result of the distribution, the company said. Yum Brands stock is down 0.5% in Monday trading, but up 23.4% for 2016 so far. The S&P 500 Index is up 5.2% for the year to date.
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