Yum! Brands, Inc. (YUM) recently announced a hike in its quarterly dividend payout. The company raised its quarterly dividend by 11%, which reflects its intention to utilize free cash to boost shareholders’ returns.YUM increased its quarterly dividend to 67 cents per share (or $2.68 annually) from the previous payout of 60.5 cents (or $2.42 annually). The hiked dividend will be paid out on Mar 8, 2024, to shareholders on record at the close of Feb 21, 2024.Based on the closing price of $129.44 per share on ...