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Press release from Business Wire

Yum! Brands Inc. Declares Quarterly Dividend of $0.335 Per Share

Friday, March 22, 2013

Yum! Brands Inc. Declares Quarterly Dividend of $0.335 Per Share12:29 EDT Friday, March 22, 2013 LOUISVILLE, Ky. (Business Wire) -- Yum! Brands Inc. (NYSE: YUM) Board of Directors today declared a dividend of $0.335 per share of common stock. The quarterly dividend will be distributed May 3, 2013, to shareholders of record at the close of business on April 12, 2013. Since initiating a dividend in 2004, Yum! has increased its dividend at a double-digit percentage rate each of the past eight years, placing Yum! in a select group of companies from the S&P 500 to do so. Yum!'s first priority with the operating cash it generates is to invest in high-return global growth opportunities. In addition, Yum! is committed to returning significant cash to shareholders. The Company has returned $5.8 billion of cash through the combination of share repurchases and dividends over the past five fiscal years. Yum! Brands, Inc., based in Louisville, Kentucky, is the world's largest restaurant company in terms of system restaurants with over 39,000 restaurants in more than 125 countries and territories. Yum! was ranked #213 on the Fortune 500 List for 2011 and had revenues of over $13 billion in 2012. The Company's restaurant brands - KFC, Pizza Hut and Taco Bell - are the global leaders of the chicken, pizza and Mexican-style food categories. Outside the United States, the Yum! Brands system opened over five new restaurants each day of the year, making it a leader in international retail development. The Company has consistently been recognized for its reward and recognition culture, diversity leadership, community giving, and consistent shareholder returns. Yum! Brands Inc.Analysts are invited to contact:Steve Schmitt, 888-298-6986Vice President Investor RelationsorDiane Simrall, 888-298-6986Manager Investor RelationsorMembers of the media are invited to contact:Amy Sherwood, 502-874-8200Vice President Public Relations