Restaurant Brands International Inc (TSE:QSR) Declares Dividend Increase – $0.67 Per Share

Restaurant Brands International Inc (TSE:QSR) (NYSE:QSR) declared a quarterly dividend on Monday, April 29th, Zacks reports. Shareholders of record on Monday, June 17th will be given a dividend of 0.668 per share on Wednesday, July 3rd. This represents a $2.67 dividend on an annualized basis and a yield of 2.93%. The ex-dividend date of this dividend is Friday, June 14th. This is a positive change from Restaurant Brands International’s previous quarterly dividend of $0.50.

TSE QSR traded up C$0.67 during trading on Monday, reaching C$91.07. The company’s stock had a trading volume of 339,600 shares, compared to its average volume of 566,244. The company has a current ratio of 1.10, a quick ratio of 1.00 and a debt-to-equity ratio of 355.45. The firm has a market capitalization of $23.12 billion and a price-to-earnings ratio of 38.67. Restaurant Brands International has a twelve month low of C$68.34 and a twelve month high of C$93.28. The business’s fifty day moving average is C$90.55.

Restaurant Brands International (TSE:QSR) (NYSE:QSR) last posted its quarterly earnings data on Monday, April 29th. The company reported C$0.73 EPS for the quarter, missing analysts’ consensus estimates of C$0.78 by C($0.05). The business had revenue of C$1.67 billion for the quarter, compared to the consensus estimate of C$1.67 billion. On average, equities analysts predict that Restaurant Brands International will post 2.99 earnings per share for the current fiscal year.

Separately, BMO Capital Markets boosted their price objective on shares of Restaurant Brands International from C$71.00 to C$76.00 in a report on Thursday, May 23rd.

In related news, Senior Officer José E. Cil sold 4,507 shares of the business’s stock in a transaction dated Tuesday, May 28th. The shares were sold at an average price of C$90.13, for a total transaction of C$406,214.11. Following the sale, the insider now owns 523,659 shares of the company’s stock, valued at C$47,197,176.21.

Restaurant Brands International Company Profile

Restaurant Brands International Inc owns, operates, and franchises quick service restaurants under the Tim Hortons (TH), Burger King (BK), and Popeyes (PLK) brand names. The company operates through three segments: TH, BK, and PLK. Its restaurants offer blend coffee, tea, espresso-based hot and cold specialty drinks, donuts, Timbits, bagels, muffins, cookies and pastries, grilled paninis, classic sandwiches, wraps, soups, hamburgers, chicken and other specialty sandwiches, french fries, soft drinks, chicken, chicken tenders, fried shrimp and other seafood, red beans and rice, and other food items.

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Dividend History for Restaurant Brands International (TSE:QSR)

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