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$YUM said its BoD authorized repurchases of up to $4.2Bil in additional common shares. This is part of its commitment to return $6.2Bil of capital to shareholders prior to planned separation of its China business, which is on track to close by end of 2016. The capital will be returned in form of share repurchases, special dividend or combination.
What will be an ideal EPS range for $PZZA in its earnings today?
The U.S. Treasury will be receiving $10 billion as dividends from the combined government-backed mortgage giants Fannie Mae and Freddie Mac. This is a sign that a recovered housing market is allowing the once-ailing firms to subsidize federal government spending.