Looping through a collection

In the situation where I am looping through a collection looking for an item, is it better practice to break before I return or should I break and then return?

Return during loop:

foreach(string item in items)
{
    string[] split = item.Split('|');
    if(split[0] == searchFor)
        return split[1];
}
return null;

Break then return:

string result = null;
foreach(string item in items)
{
    string[] split = item.Split('|');
    if(split[0] == searchFor)
    {
        result = split[1];
        break;
    }
}
return result;

Often, the specific problem dictates the solution.

-
Immediately returning can save levels of nested conditions, greatly improving legibility of the code.

-
Waiting until the end allows for simpler logging, and sometimes simpler debugging.

-
If there's a non-trivial probability you'll want to add further logic to the function later, then don't return until the end.

StackExchange Code Review Q#2172, answer score: 4