Restaurant Brands International Inc (QSR) Plans Dividend Increase – $0.55 Per Share

Restaurant Brands International Inc (TSE:QSR) (NYSE:QSR) declared a quarterly dividend on Monday, February 12th, Zacks reports. Shareholders of record on Thursday, March 15th will be given a dividend of 0.554 per share on Monday, April 2nd. This represents a $2.22 annualized dividend and a yield of 3.04%. The ex-dividend date is Wednesday, March 14th. This is a boost from Restaurant Brands International’s previous quarterly dividend of $0.26.

Restaurant Brands International (TSE QSR) traded down C$2.66 on Tuesday, reaching C$72.82. The company’s stock had a trading volume of 1,081,087 shares, compared to its average volume of 631,426. Restaurant Brands International has a 52 week low of C$69.33 and a 52 week high of C$88.36. The stock has a market capitalization of $33,820.00, a price-to-earnings ratio of 79.13 and a beta of 1.14.

In other news, insider José E. Cil sold 20,449 shares of the business’s stock in a transaction dated Thursday, November 16th. The stock was sold at an average price of C$65.00, for a total transaction of C$1,329,185.00.

A number of equities research analysts have recently weighed in on the company. Evercore restated an “outperform” rating on shares of Restaurant Brands International in a research note on Tuesday, December 12th. Evercore ISI restated an “outperform” rating on shares of Restaurant Brands International in a research note on Tuesday, December 12th. Royal Bank of Canada boosted their price target on Restaurant Brands International to C$97.00 and gave the stock an “outperform” rating in a research note on Monday, October 23rd. BMO Capital Markets set a C$72.00 price target on Restaurant Brands International and gave the stock an “outperform” rating in a research note on Thursday, February 1st. Finally, Cowen dropped their price target on Restaurant Brands International from C$72.00 to C$69.00 in a research note on Tuesday. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of C$80.20.

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About Restaurant Brands International

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 (TSE:QSR)

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