Yum China Holdings, Inc. Plans 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. Shareholders 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 annualized dividend and a yield of 1.75%. The ex-dividend date of this dividend is Friday, May 24th.

Yum China has increased its dividend by an average of 29.4% per year over the last three years and has increased its dividend annually for the last 2 consecutive years. Yum China has a payout ratio of 25.8% indicating that 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 Stock Down 8.8 %

Shares of NYSE YUMC traded down $3.53 during trading hours on Tuesday, hitting $36.51. 6,115,110 shares of the stock were exchanged, compared to its average volume of 3,484,710. The company has a quick ratio of 1.24, a current ratio of 1.42 and a debt-to-equity ratio of 0.01. The company has a market cap of $14.31 billion, a PE ratio of 18.83, a PEG ratio of 1.48 and a beta of 0.45. The firm has a fifty day moving average price of $40.00 and a 200-day moving average price of $41.62. Yum China has a 12 month low of $33.55 and a 12 month high of $64.50.

Yum China (NYSE:YUMC) last posted its quarterly earnings data on Monday, April 29th. The company reported $0.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.65 by $0.06. The business had revenue of $2.96 billion for the quarter, compared to the consensus estimate of $3.05 billion. Yum China had a net margin of 7.53% and a return on equity of 11.63%. The company’s revenue was up 1.4% compared to the same quarter last year. During the same period last year, the firm posted $0.69 earnings per share. On average, sell-side analysts expect that Yum China will post 2.2 EPS for the current year.

Analyst Upgrades and Downgrades

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

About Yum China

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.