Restaurant Brands International Inc (QSR) Increases Dividend to $0.45 Per Share

Restaurant Brands International Inc (NYSE:QSR) (TSE:QSR) announced a quarterly dividend on Tuesday, February 13th, Wall Street Journal reports. Shareholders of record on Thursday, March 15th will be given a dividend of 0.45 per share by the restaurant operator on Monday, April 2nd. This represents a $1.80 annualized dividend and a dividend yield of 3.12%. The ex-dividend date is Wednesday, March 14th. This is an increase from Restaurant Brands International’s previous quarterly dividend of $0.21.

Restaurant Brands International has a payout ratio of 42.0% meaning its dividend is sufficiently covered by earnings. Analysts expect Restaurant Brands International to earn $2.72 per share next year, which means the company should continue to be able to cover its $0.84 annual dividend with an expected future payout ratio of 30.9%.

Restaurant Brands International (NYSE:QSR) traded down $2.17 during mid-day trading on Tuesday, hitting $57.78. 3,274,402 shares of the company’s stock traded hands, compared to its average volume of 2,038,533. The stock has a market capitalization of $14,240.00, a price-to-earnings ratio of 40.13, a price-to-earnings-growth ratio of 1.27 and a beta of 1.52. Restaurant Brands International has a 1-year low of $53.16 and a 1-year high of $68.89. The company has a current ratio of 3.45, a quick ratio of 3.38 and a debt-to-equity ratio of 2.70.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last released its quarterly earnings results on Monday, February 12th. The restaurant operator reported $0.66 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.57 by $0.09. The business had revenue of $1.23 billion during the quarter, compared to analyst estimates of $1.25 billion. Restaurant Brands International had a net margin of 12.40% and a return on equity of 23.53%. The company’s quarterly revenue was up 11.0% on a year-over-year basis. During the same period in the prior year, the firm posted $0.44 earnings per share. sell-side analysts expect that Restaurant Brands International will post 2.01 EPS for the current year.

Several analysts have commented on QSR shares. Zacks Investment Research raised shares of Restaurant Brands International from a “hold” rating to a “buy” rating and set a $69.00 price target for the company in a research report on Tuesday, December 26th. UBS Group set a $74.00 price target on shares of Restaurant Brands International and gave the company a “buy” rating in a research report on Monday, October 16th. Wells Fargo & Co increased their price target on shares of Restaurant Brands International from $60.00 to $68.00 and gave the company a “market perform” rating in a research report on Friday, October 27th. OTR Global raised shares of Restaurant Brands International to a “positive” rating in a research report on Monday, October 16th. Finally, Oppenheimer increased their price target on shares of Restaurant Brands International from $70.00 to $75.00 and gave the company an “outperform” rating in a research report on Thursday, October 19th. Six investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. Restaurant Brands International has a consensus rating of “Buy” and a consensus target price of $70.35.

In related news, Director Marc Caira sold 49,804 shares of the stock in a transaction that occurred on Monday, November 20th. The shares were sold at an average price of $65.62, for a total value of $3,268,138.48. Following the transaction, the director now owns 124,643 shares in the company, valued at approximately $8,179,073.66. The sale was disclosed in a filing with the SEC, which is available through this link. Also, EVP Jose E. Cil sold 99,151 shares of the stock in a transaction that occurred on Thursday, November 16th. The stock was sold at an average price of $65.05, for a total transaction of $6,449,772.55. Following the completion of the transaction, the executive vice president now owns 397,349 shares in the company, valued at approximately $25,847,552.45. The disclosure for this sale can be found here. Corporate insiders own 3.05% of the company’s stock.

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Restaurant Brands International Company Profile

Restaurant Brands International Inc is a quick service restaurant (QSR) company. The Company had over 20,000 restaurants in more than 100 countries and the United States territories, as of December 31, 2016. It operates through two segments: Tim Hortons (TH) and Burger King (BK). Tim Hortons restaurants are quick service restaurants with a menu that includes blend coffee, tea, espresso-based hot and cold specialty drinks, baked goods, including donuts, Timbits, bagels, muffins, cookies and pastries, grilled paninis, classic sandwiches, wraps and soups, among others.

Dividend History for Restaurant Brands International (NYSE:QSR)

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