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

Yum China Holdings, Inc. (NYSE:YUMC) announced a quarterly dividend on Tuesday, April 30th, Wall Street Journal reports. Investors of record on Tuesday, May 28th will be given a dividend of 0.16 per share on Tuesday, June 18th. This represents a $0.64 dividend on an annualized basis and a yield of 1.75%. The ex-dividend date is Friday, May 24th.

Yum China has increased its dividend payment by an average of 29.4% annually over the last three years and has raised its dividend annually for the last 2 consecutive years. Yum China has a payout ratio of 25.8% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Yum China to earn $2.55 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 25.1%.

Yum China Trading Down 8.8 %

YUMC stock traded down $3.53 during mid-day trading on Tuesday, reaching $36.51. 6,115,110 shares of the stock traded hands, compared to its average volume of 3,484,710. The business has a 50-day moving average price of $40.00 and a two-hundred day moving average price of $41.62. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.24 and a current ratio of 1.42. The stock has a market capitalization of $14.31 billion, a PE ratio of 18.83, a PEG ratio of 1.48 and a beta of 0.45. Yum China has a one year low of $33.55 and a one year high of $64.50.

Yum China (NYSE:YUMC) last released its quarterly earnings data on Monday, April 29th. The company reported $0.71 earnings per share for the quarter, topping analysts’ consensus estimates of $0.65 by $0.06. The company had revenue of $2.96 billion during the quarter, compared to analyst estimates of $3.05 billion. Yum China had a net margin of 7.53% and a return on equity of 11.63%. The firm’s revenue for the quarter was up 1.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.69 earnings per share. Equities research analysts expect that Yum China will post 2.2 EPS for the current year.

Analysts Set New Price Targets

YUMC has been the topic of a number of analyst reports. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $38.00 price objective (down previously from $65.00) on shares of Yum China in a research note on Thursday, January 4th. HSBC cut their price objective on Yum China from $66.80 to $51.30 and set a “buy” rating for the company in a research report on Wednesday, March 6th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $54.65.

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.