Restaurant Brands International Inc (QSR) Declares Dividend Increase – $0.55 Per Share
Restaurant Brands International Inc (TSE:QSR) (NYSE:QSR) announced a quarterly dividend on Monday, February 12th, Zacks reports. Shareholders of record on Thursday, March 15th will be paid a dividend of 0.554 per share on Monday, April 2nd. This represents a $2.22 dividend on an annualized basis and a yield of 3.04%. The ex-dividend date is Wednesday, March 14th. This is a positive change from Restaurant Brands International’s previous quarterly dividend of $0.26.
Shares of Restaurant Brands International (QSR) traded down C$2.66 during mid-day trading on Tuesday, reaching C$72.82. 1,081,087 shares of the company’s stock were exchanged, compared to its average volume of 631,426. Restaurant Brands International has a twelve month low of C$69.33 and a twelve month high of C$88.36. The company has a market cap of $33,820.00, a P/E ratio of 79.13 and a beta of 1.14.
A number of research analysts have recently weighed in on QSR shares. Cowen reduced their target price on shares of Restaurant Brands International from C$72.00 to C$69.00 in a research report on Tuesday. BMO Capital Markets reduced their target price on shares of Restaurant Brands International from C$72.00 to C$70.00 in a research report on Tuesday. Evercore ISI reissued an “outperform” rating on shares of Restaurant Brands International in a research report on Tuesday, December 12th. Evercore reissued an “outperform” rating on shares of Restaurant Brands International in a research report on Tuesday, December 12th. Finally, Royal Bank of Canada increased their target price on shares of Restaurant Brands International to C$97.00 and gave the company an “outperform” rating in a research report on Monday, October 23rd. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of C$80.20.
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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.
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