Restaurant Brands International Inc (QSR) Plans Quarterly Dividend of $0.45
Restaurant Brands International Inc (NYSE:QSR) (TSE:QSR) declared a quarterly dividend on Tuesday, February 13th, Wall Street Journal reports. Investors of record on Thursday, March 15th will be paid a dividend of 0.45 per share by the restaurant operator on Monday, April 2nd. This represents a $1.80 annualized dividend and a yield of 3.12%. The ex-dividend date of this dividend is Wednesday, March 14th. This is a positive change from Restaurant Brands International’s previous quarterly dividend of $0.21.
Restaurant Brands International has a dividend payout ratio of 42.0% meaning its dividend is sufficiently covered by earnings. Equities research 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%.
Shares of Restaurant Brands International (QSR) traded down $2.17 during trading hours on Tuesday, reaching $57.78. 3,274,402 shares of the company traded hands, compared to its average volume of 2,038,533. Restaurant Brands International has a one year low of $53.16 and a one 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. The firm has a market cap of $14,240.00, a P/E ratio of 40.13, a PEG ratio of 1.27 and a beta of 1.52.
QSR has been the topic of a number of analyst reports. Royal Bank of Canada raised their price objective on shares of Restaurant Brands International from $69.00 to $77.00 and gave the stock an “outperform” rating in a research note on Monday, October 23rd. They noted that the move was a valuation call. UBS Group set a $74.00 price objective on shares of Restaurant Brands International and gave the stock a “buy” rating in a research note on Tuesday, January 16th. Zacks Investment Research cut shares of Restaurant Brands International from a “buy” rating to a “hold” rating in a research note on Thursday, January 4th. Evercore ISI initiated coverage on shares of Restaurant Brands International in a research note on Monday, December 11th. They set an “outperform” rating and a $75.00 price objective on the stock. Finally, Oppenheimer raised their price objective on shares of Restaurant Brands International from $70.00 to $75.00 and gave the stock an “outperform” rating in a research note on Thursday, October 19th. Six research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. Restaurant Brands International has a consensus rating of “Buy” and an average price target of $70.35.
In other news, 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 transaction, the executive vice president now owns 397,349 shares in the company, valued at approximately $25,847,552.45. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, 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 disclosure for this sale can be found here. Company insiders own 3.05% of the company’s stock.
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.
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