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Yum! Dishes Out Bigger Dividend

Yum! Brands raises its quarterly dividend by 19%.

(Updated with additional information and stock prices.)



) --

Yum! Brands

(YUM) - Get Yum! Brands, Inc. Report

said Tuesday its board approved a 19% dividend increase to 25 cents per share.

The new dividend will be paid on Nov. 5 to shareholders of record at the close of business on Oct. 15.

Yum's previous dividend of 21 cents per share was last paid on July 14.

Yum shares rose around midday but were unable to hold their gains, closing down less than 0.1% to $45.52.

Elsewhere on the dividend front,

real estate investment trust

Two Harbors Investment

(TWO) - Get Two Harbors Investment Corp. Report

also announced a dividend hike this week. The manager of residential mortgage-backed securities said its board agreed to an 18.2% increase in its quarterly dividend, paying its investors 39 cents per share. This dividend will be payable Oct. 21 to common stockholders of record at the close of business on Sept. 30.

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Two Harbors shares closed up 0.6% to $9.17.

Communications equipment maker

Cisco Systems

(CSCO) - Get Cisco Systems, Inc. Report

said Tuesday it will start paying a dividend this fiscal year, as the networking giant finally bows to pressure from shareholders.

"At our annual Financial Analyst Conference today, we outlined our intention to issue a dividend during the current fiscal year ending July 30, 2011," the firm said. "Size and timing of the dividend will be determined in the coming months, taking into consideration tax policy and broader market conditions."

Cisco, like


(AAPL) - Get Apple Inc. Report

, traditionally steers clear of dividends, preferring to pump money into acquisitions and share repurchase.

CFO Frank Calderoni, however, recently confirmed with TheStreet that a dividend would happen




(PCAR) - Get PACCAR Inc Report

said Tuesday it will raise its quarterly dividend by 33.3% to 12 cents per share, thanks to increased profits in its recent quarter. The increased dividend will be paid Dec. 6 to shareholders of record on Nov. 19.

Cisco shares gained 0.9% Tuesday while Paccar was flat on the day.

-- Written by Miriam Marcus Reimer in New York.

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