Yum China Holdings, Inc. (NYSE:YUMC) Plans $0.16 Quarterly Dividend

Yum China Holdings, Inc. (NYSE:YUMC) declared a quarterly dividend on Monday, August 5th, NASDAQ reports. Shareholders of record on Tuesday, August 27th will be paid a dividend of 0.16 per share on Tuesday, September 17th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.92%. The ex-dividend date of this dividend is Tuesday, August 27th.

Yum China has raised its dividend by an average of 29.4% per year over the last three years. Yum China has a payout ratio of 26.4% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Yum China to earn $2.45 per share next year, which means the company should continue to be able to cover its $0.64 annual dividend with an expected future payout ratio of 26.1%.

Yum China Trading Up 12.0 %

Shares of YUMC traded up $3.57 during mid-day trading on Tuesday, reaching $33.37. The company had a trading volume of 8,972,185 shares, compared to its average volume of 3,136,491. The company has a current ratio of 1.39, a quick ratio of 1.24 and a debt-to-equity ratio of 0.28. The stock has a market cap of $13.00 billion, a price-to-earnings ratio of 16.77, a price-to-earnings-growth ratio of 1.25 and a beta of 0.33. The firm has a fifty day simple moving average of $32.26 and a 200-day simple moving average of $36.58. Yum China has a fifty-two week low of $28.50 and a fifty-two week high of $58.21.

Yum China (NYSE:YUMC) last posted its earnings results on Monday, August 5th. The company reported $0.55 earnings per share for the quarter, beating the consensus estimate of $0.47 by $0.08. The business had revenue of $2.68 billion for the quarter, compared to analyst estimates of $2.76 billion. Yum China had a net margin of 7.49% and a return on equity of 11.90%. The business’s quarterly revenue was up .9% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.47 EPS. On average, sell-side analysts anticipate that Yum China will post 2.16 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Separately, Macquarie upgraded shares of Yum China from an “underperform” rating to an “outperform” rating and lifted their target price for the company from $30.00 to $37.40 in a report on Tuesday. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, Yum China has an average rating of “Moderate Buy” and an average price target of $51.20.

Yum China Company Profile

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.