Yum Brands Inc. has authorized the repurchase of up to $500 million of the company's common stock.
The repurchase will take place over a period of up to 12 months.
Yum has about 283 million shares outstanding.
Louisville-based Yum Brands (NYSE: YUM - News) operates about 34,000 restaurants in more than 100 countries and territories.
News and information presented in this release has not been corroborated by WTWH Media LLC.
