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Yum! Brands has declared a quarterly dividend of $0.67 per share, to be distributed on June 7, 2024, for shareholders of record as of May 28, 2024. The company also announced a new share repurchase authorization of up to $2.0 billion, effective from July 1, 2024, through December 31, 2026. Yum! Brands operates over 59,000 restaurants worldwide, including KFC, Taco Bell, Pizza Hut, and The Habit Burger Grill. The company's recent accolades include being named to the Dow Jones Sustainability Index North America and receiving recognition from TIME Magazine and Newsweek for corporate responsibility and leadership. The previous share repurchase authorization, approved in September 2022, will expire on June 30, 2024.
The Taco Bell Foundation announced its largest investment yet in the Live Más Scholarship program, awarding a total of $10 million to over 1,000 students. Of this, $7 million will go to Taco Bell fans and $3 million to Taco Bell team members. Scholarships range from $5,000 to $25,000 per recipient. Unique to this program, students are selected based on a two-minute video showcasing their passions rather than traditional academic criteria. Notably, this year's top winners also receive Taco Bell gift cards. The initiative is funded by customer donations and Taco Bell franchisees. The program promotes diversity, supporting students from various educational paths, and includes a new Alumni Leadership Council.
The KFC Foundation is awarding $250,000 in grants to 25 community-based non-profit projects focused on education and training. This initiative, part of the Kentucky Fried Wishes program, will distribute $1 million in total grants to 100 non-profits nationwide in 2024.
This quarter's recipients span 20 states and support various causes, such as Boolean Girl's STEM program for girls in Arlington, VA, and the Gateway Regional Arts Center's Pottery for Change program in Mt. Sterling, KY. These grants will provide critical resources like laptops and art therapy classes, benefiting hundreds of individuals.
The next grant cycle will focus on health and well-being, with applications open from May 1-31.
Starting today, Pizza Hut launches the Cheeseburger Melt, entering the burger market with a unique product that combines a parmesan-crusted thin crust with beef, applewood-smoked bacon, onions, mozzarella, and cheddar. This innovative menu item aims to offer a portable, crunchy, and cheesy alternative to traditional burgers. To promote the launch, Pizza Hut introduces a campaign encouraging customers to 'cheat on their cheeseburger' by offering free Cheeseburger Melts and PEPSI® at select burger chain drive-thrus in Chicago and Miami. This promotion is valid while supplies last until May 20, 2024. The Cheeseburger Melt is available as part of the My Hut Box™ offer, starting at $6.99, which includes a choice between Melts or a 2-topping Personal Pan Pizza®, sides, and a drink.
KFC Jamaica is sponsoring the National Child Month Committee's 2024 initiatives with $700K. The theme for this year is 'Stand Up! Speak Out! Protect the Rights of Our Children'. The sponsorship highlights KFC's commitment to supporting children's rights and welfare.
Asian American Native Hawaiian and Pacific Islander (AANHPI) Heritage Month is celebrated in May, honoring the diverse cultures and contributions of AANHPI individuals. Taco Bell's Director of Human Resources, Tippy D., shares her personal journey as a first-generation Chinese and Thai American, emphasizing the importance of education, hard work, and helping others. Tippy's career in HR has led her to Taco Bell, where she continues to make a difference in the community.
An Atlanta high school senior has won a $25K Taco Bell Foundation scholarship for her passion in helping others with mental health issues. The scholarship was awarded by Yum! Brands. The student's achievement was highlighted by FOX 5 Atlanta.
Yum! Brands launches #LifeatYUM series to showcase its culture and talent, starting with data scientist Kendall Ruber. The series highlights professional growth opportunities and features like LinkedIn Learning courses. Visit https://jobs.yum.com/ for career opportunities. Follow Yum! Brands for more updates on #LifeatYUM.
Pizza Hut Global's Shannon Garcia discusses mentorship, leadership, and digital transformation on the Extra Serving Podcast. The Chief Operating and Digital & Technology Officer shares her goals for Pizza Hut and passion for digital solutions at WFF's conference.
In April 2021, Taco Bell spotlighted Arab American heritage in celebration of National Arab American Heritage Month. Mohammad S., a first-generation Egyptian working in marketing for Taco Bell Foundation, shared his inspiring journey of embracing both American and Arab cultures. He highlighted the challenges of navigating dual identities and the importance of cultural appreciation and diversity. Mohammad's story reflects Taco Bell's commitment to celebrating differences and making a positive impact in the community.
