Restaurant Brands International Inc. (NYSE:QSR) Announces $0.65 Quarterly Dividend

Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) announced a quarterly dividend on Thursday, August 6th. Investors of record on Friday, September 18th will be paid a dividend of 0.65 per share by the restaurant operator on Friday, October 2nd. This represents a c) annualized dividend and a dividend yield of 3.6%. The ex-dividend date is Friday, September 18th.

Restaurant Brands International has raised its dividend by an average of 0.0%per year over the last three years and has increased its dividend every year for the last 10 years. Restaurant Brands International has a payout ratio of 64.5% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Restaurant Brands International to earn $4.39 per share next year, which means the company should continue to be able to cover its $2.60 annual dividend with an expected future payout ratio of 59.2%.

Restaurant Brands International Stock Performance

NYSE QSR traded down $1.54 on Thursday, hitting $72.95. 4,312,561 shares of the company’s stock were exchanged, compared to its average volume of 3,294,823. The firm has a market cap of $25.48 billion, a price-to-earnings ratio of 25.69, a P/E/G ratio of 2.16 and a beta of 0.50. Restaurant Brands International has a fifty-two week low of $61.33 and a fifty-two week high of $81.96. The firm’s 50-day moving average price is $73.79 and its two-hundred day moving average price is $73.59. The company has a debt-to-equity ratio of 2.55, a current ratio of 0.99 and a quick ratio of 0.90.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last announced its quarterly earnings results on Thursday, August 6th. The restaurant operator reported $1.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.04 by $0.03. Restaurant Brands International had a net margin of 9.96% and a return on equity of 32.80%. The business had revenue of $2.52 billion during the quarter, compared to the consensus estimate of $2.52 billion. During the same quarter last year, the firm posted $0.94 EPS. The business’s revenue was up 4.6% compared to the same quarter last year. On average, research analysts expect that Restaurant Brands International will post 4.04 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on QSR. KeyCorp lifted their target price on shares of Restaurant Brands International from $78.00 to $90.00 and gave the stock an “overweight” rating in a research report on Monday, April 20th. Weiss Ratings raised shares of Restaurant Brands International from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, July 8th. TD Cowen upped their price target on Restaurant Brands International from $79.00 to $80.00 and gave the stock a “hold” rating in a research note on Thursday, July 9th. Robert W. Baird upped their price target on shares of Restaurant Brands International from $72.00 to $80.00 and gave the stock a “neutral” rating in a research report on Thursday, May 7th. Finally, UBS Group increased their price objective on shares of Restaurant Brands International from $85.00 to $90.00 and gave the company a “buy” rating in a research report on Monday, May 4th. Fifteen equities research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $83.86.

About Restaurant Brands International

Restaurant Brands International Inc (NYSE: QSR) is a global quick-service restaurant company formed through the combination of established brands. The company’s principal holdings include Burger King, Tim Hortons and Popeyes, each of which operates under its own brand identity and menu. Restaurant Brands International’s business is centered on developing and expanding these franchised restaurant systems, supporting franchisees with brand management, supply chain coordination, and marketing programs.

RBI’s restaurants offer a range of quick-service food and beverage products: Burger King is known for its flame-grilled hamburgers and sandwiches, Tim Hortons for coffee, baked goods and breakfast items, and Popeyes for Louisiana-style fried chicken and seafood.