Restaurant Brands International Inc (NYSE:QSR) (TSE:QSR) declared a quarterly dividend on Friday, August 7th, Wall Street Journal reports. Shareholders of record on Friday, September 18th will be paid a dividend of 0.52 per share by the restaurant operator on Friday, October 2nd. This represents a $2.08 annualized dividend and a yield of 3.57%. The ex-dividend date is Thursday, September 17th.

Restaurant Brands International has increased its dividend by 222.6% over the last three years and has increased its dividend every year for the last 5 years. Restaurant Brands International has a dividend payout ratio of 99.5% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings decline. 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 $2.08 annual dividend with an expected future payout ratio of 76.5%.

Shares of NYSE QSR opened at $58.21 on Wednesday. The company has a debt-to-equity ratio of 3.54, a quick ratio of 1.66 and a current ratio of 1.73. Restaurant Brands International has a 52-week low of $25.08 and a 52-week high of $74.61. The firm has a 50 day moving average price of $55.44 and a two-hundred day moving average price of $51.75. The stock has a market cap of $17.64 billion, a P/E ratio of 27.46, a price-to-earnings-growth ratio of 2.85 and a beta of 1.26.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last announced its quarterly earnings results on Thursday, August 6th. The restaurant operator reported $0.33 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.29 by $0.04. Restaurant Brands International had a net margin of 11.82% and a return on equity of 26.85%. The firm had revenue of $1.05 billion during the quarter, compared to analysts’ expectations of $1.05 billion. During the same period in the prior year, the company posted $0.71 EPS. The company’s revenue was down 25.1% on a year-over-year basis. Analysts predict that Restaurant Brands International will post 2.09 earnings per share for the current fiscal year.

A number of equities research analysts have recently commented on QSR shares. SunTrust Banks upped their price objective on shares of Restaurant Brands International from $60.00 to $63.00 and gave the company a “buy” rating in a research note on Tuesday, June 30th. Zacks Investment Research raised shares of Restaurant Brands International from a “sell” rating to a “hold” rating and set a $57.00 target price on the stock in a research note on Wednesday, May 27th. Longbow Research reissued a “hold” rating on shares of Restaurant Brands International in a research note on Monday, August 3rd. Deutsche Bank increased their target price on shares of Restaurant Brands International from $57.00 to $75.00 and gave the stock a “buy” rating in a research note on Monday, August 10th. They noted that the move was a valuation call. Finally, Oppenheimer reissued a “buy” rating and set a $62.00 target price on shares of Restaurant Brands International in a research note on Thursday, May 28th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and seventeen have assigned a buy rating to the company’s stock. Restaurant Brands International presently has a consensus rating of “Buy” and an average target price of $62.20.

In other news, Director Carlos Alberto Sicupira sold 29,514 shares of the firm’s stock in a transaction that occurred on Friday, September 4th. The shares were sold at an average price of $56.02, for a total value of $1,653,374.28. Following the completion of the transaction, the director now directly owns 167,574 shares in the company, valued at $9,387,495.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 3.69% of the stock is currently owned by company insiders.

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.

Read More: Intrinsic Value and Stock Selection

Dividend History for Restaurant Brands International (NYSE:QSR)

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