Restaurant Brands International Inc. (QSR) to Issue Quarterly Dividend of $0.58 on January 3rd

Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) declared a quarterly dividend on Tuesday, November 5th,Zacks Dividends reports. Shareholders of record on Friday, December 20th will be paid a dividend of 0.58 per share by the restaurant operator on Friday, January 3rd. This represents a $2.32 dividend on an annualized basis and a yield of 3.44%. The ex-dividend date is Friday, December 20th.

Restaurant Brands International has raised its dividend by an average of 1.9% annually over the last three years. Restaurant Brands International has a dividend payout ratio of 61.1% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Restaurant Brands International to earn $3.75 per share next year, which means the company should continue to be able to cover its $2.32 annual dividend with an expected future payout ratio of 61.9%.

Restaurant Brands International Stock Down 0.1 %

Shares of Restaurant Brands International stock opened at $67.48 on Wednesday. The firm has a market cap of $21.84 billion, a price-to-earnings ratio of 16.91, a P/E/G ratio of 2.27 and a beta of 0.93. The stock has a 50-day simple moving average of $69.82 and a 200-day simple moving average of $70.02. Restaurant Brands International has a 52-week low of $65.87 and a 52-week high of $83.29. The company has a debt-to-equity ratio of 2.75, a current ratio of 1.02 and a quick ratio of 0.94.

Analyst Ratings Changes

QSR has been the subject of several recent research reports. KeyCorp decreased their target price on shares of Restaurant Brands International from $80.00 to $78.00 and set an “overweight” rating for the company in a research report on Wednesday, November 6th. TD Cowen decreased their price objective on shares of Restaurant Brands International from $82.00 to $80.00 and set a “buy” rating for the company in a report on Wednesday, November 6th. Royal Bank of Canada lowered their target price on shares of Restaurant Brands International from $95.00 to $90.00 and set an “outperform” rating on the stock in a research report on Wednesday, November 6th. Argus reduced their price target on Restaurant Brands International from $85.00 to $80.00 and set a “buy” rating for the company in a research report on Thursday, November 7th. Finally, Stifel Nicolaus lowered their price objective on Restaurant Brands International from $77.00 to $72.00 and set a “hold” rating on the stock in a report on Thursday, November 14th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and sixteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Restaurant Brands International presently has a consensus rating of “Moderate Buy” and an average target price of $82.27.

Insider Buying and Selling at Restaurant Brands International

In other Restaurant Brands International news, insider Jill Granat sold 10,613 shares of the business’s stock in a transaction on Monday, December 9th. The shares were sold at an average price of $70.41, for a total value of $747,261.33. Following the sale, the insider now owns 388,759 shares of the company’s stock, valued at $27,372,521.19. The trade was a 2.66 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 1.36% of the company’s stock.

Restaurant Brands International Company Profile

Restaurant Brands International Inc operates as a quick-service restaurant company in Canada, the United States, and internationally. It operates through four segments: Tim Hortons (TH), Burger King (BK), Popeyes Louisiana Kitchen (PLK), and Firehouse Subs (FHS). The company owns and franchises TH chain of donut/coffee/tea restaurants that offer blend coffee, tea, and espresso-based hot and cold specialty drinks; and fresh baked goods, including donuts, Timbits, bagels, muffins, cookies and pastries, grilled paninis, classic sandwiches, wraps, soups, and other food products.