Yum China plans $512M share buyback in H2 2026, aiming to return $1.5B to shareholders in 2026.

Yum China announced share repurchase agreements totaling approximately $512 million for the second half of 2026, starting July 1, including $384 million in the U.S. and HK$1 billion in Hong Kong. This is part of their plan to return $1.5 billion to shareholders in 2026 through dividends and buybacks, representing about 9% of their market capitalization. The company aims to return nearly 100% of free cash flow to shareholders from 2027 onward, expecting returns over $900 million annually. Yum China has returned $6.4 billion to shareholders since 2017, highlighting its strong cash flow and commitment to capital returns.