Restaurant Brands International Inc. (TSE:QSR) Announces $0.69 Quarterly Dividend

Restaurant Brands International Inc. (TSE:QSRGet Rating) (NYSE:QSR) announced a quarterly dividend on Thursday, August 4th, Zacks reports. Shareholders of record on Wednesday, September 21st will be given a dividend of 0.691 per share on Wednesday, October 5th. This represents a $2.76 dividend on an annualized basis and a yield of 3.59%. The ex-dividend date is Tuesday, September 20th.

Restaurant Brands International Price Performance

Shares of Restaurant Brands International stock traded up C$1.08 on Friday, reaching C$77.05. 282,893 shares of the stock were exchanged, compared to its average volume of 775,612. The firm’s 50 day moving average is C$65.97 and its 200-day moving average is C$69.48. Restaurant Brands International has a one year low of C$60.37 and a one year high of C$83.09. The company has a debt-to-equity ratio of 367.76, a quick ratio of 0.81 and a current ratio of 0.92. The firm has a market cap of C$23.79 billion and a PE ratio of 22.25.

Restaurant Brands International (TSE:QSRGet Rating) (NYSE:QSR) last issued its quarterly earnings results on Tuesday, May 3rd. The company reported C$0.81 earnings per share for the quarter, topping analysts’ consensus estimates of C$0.77 by C$0.04. The firm had revenue of C$1.84 billion for the quarter, compared to the consensus estimate of C$1.80 billion. As a group, analysts anticipate that Restaurant Brands International will post 4.0399997 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research firms recently issued reports on QSR. Citigroup cut shares of Restaurant Brands International to a “hold” rating and set a C$64.00 price objective for the company. in a research report on Monday, April 11th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a C$64.00 price target on shares of Restaurant Brands International in a research report on Monday, July 11th. Bank of America decreased their price target on shares of Restaurant Brands International from C$81.67 to C$78.00 and set an “underperform” rating for the company in a research report on Tuesday, April 12th. Barclays decreased their price target on shares of Restaurant Brands International to C$77.00 and set an “overweight” rating for the company in a research report on Thursday, June 9th. Finally, Guggenheim restated a “hold” rating and issued a C$55.00 price target on shares of Restaurant Brands International in a research report on Thursday, May 26th. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of C$68.14.

Restaurant Brands International Company Profile

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Restaurant Brands International Inc operates as quick service restaurant company in Canada and internationally. It operates through four segments: Tim Hortons (TH), Burger King (BK), Popeyes Louisiana Kitchen (PLK), and Firehouse Subs (FHS). The company owns and franchises TH chain of donut/coffee/tea restaurants that offer blend coffee, tea, and espresso-based hot and cold specialty drinks; and fresh baked goods, including donuts, Timbits, bagels, muffins, cookies and pastries, grilled paninis, classic sandwiches, wraps, soups, and others.

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Dividend History for Restaurant Brands International (TSE:QSR)

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