Yum China now expands share repurchase program by $270m

Yum China Holdings, Inc. announced an additional $270 million in common stock repurchases for 2025, to be conducted in the open market, commencing September 3, 2025. This supplements previously announced $510 million share repurchase agreements for the second half of 2025 and $356 million completed in the first half of the year.

With a quarterly dividend of $0.24 per share, the company now projects total capital returns to shareholders of approximately $1.5 billion in 2025. This comprises around $360 million in dividends and approximately $1.14 billion in share repurchases.

Chief executive Joey Wat stated the expanded program aims to enhance long-term shareholder value, reflecting confidence in growth and free cash flow. Yum China is on track to return $3 billion to shareholders through dividends and repurchases from 2025 to 2026, building on $1.5 billion delivered in 2024.