March 17, 2010 (FinancialWire) — – Yum! Brands Inc.’s (NYSE: YUM) board of directors has authorized $300 million in share repurchases over the next 12 months in addition to $300 million it authorized in September of 2009.

Between 2004 and 2009, Yum! repurchased $5.6 billion of stock at an average price of $28.23 resulting in a 21% reduction in shares outstanding. This year, Yum! has utilized around $130 million of the $300 million share repurchase authorization from September 2009.

Kentucky-based Yum! Brands is a restaurant company with more than 37,000 restaurants in over 110 countries and territories. The company’s restaurant brands include KFC, Pizza Hut, Taco Bell and Long John Silver’s.

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