Yum China Holdings, Inc. (YUMC), a restaurant company, on Friday announced said it has entered into share repurchase agreements in the U.S. and Hong Kong totaling approximately $460 million for the first half of 2026, starting January 12, 2026.
The agreements cover about $350 million and about HK$880 million under a similar program in Hong Kong.
The company said these agreements form part of its broader plan to return $1.5 billion to shareholders through dividends and buybacks in 2026, equal to around 9% of its market capitalization as of December 11.
The company expects to return $4.5 billion to shareholders between 2024 and 2026 and plans to return roughly 100% of annual free cash flow, after non-controlling interest dividends, starting in 2027.
The company expects annual shareholder returns in 2027 and 2028 to be about $900 million to more than $1 billion, rising above $1 billion in 2028, through a combination of increasing dividends and value-enhancing buybacks.
Since 2017, the company has returned $5.8 billion to shareholders.
In the pre-market trading, YUMC is 1.01% higher at $48.10 on the New York Stock Exchange.
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May 08, 2026 15:50 ET Manufacturing and services sector survey results and labor market data from main economies were the highlight on the economics news front this week. Factory orders and jobs report dominated the news flow in the U.S. Similarly, industrial production data from German garnered attention in Europe. In Asia, purchasing managers’ survey results from China and the central bank decision from Australia were in focus.