Restaurant Brands International Inc. (NYSE:QSR) Declares Quarterly Dividend of $0.62

Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) announced a quarterly dividend on Thursday, February 13th,Wall Street Journal reports. Shareholders of record on Friday, March 21st will be given a dividend of 0.62 per share by the restaurant operator on Friday, April 4th. This represents a $2.48 annualized dividend and a yield of 3.74%. The ex-dividend date of this dividend is Friday, March 21st. This is an increase from Restaurant Brands International’s previous quarterly dividend of $0.58.

Restaurant Brands International has raised its dividend payment by an average of 3.1% annually over the last three years. Restaurant Brands International has a payout ratio of 57.0% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Restaurant Brands International to earn $3.68 per share next year, which means the company should continue to be able to cover its $2.32 annual dividend with an expected future payout ratio of 63.0%.

Restaurant Brands International Stock Up 0.8 %

Shares of QSR traded up $0.55 on Thursday, reaching $66.38. The stock had a trading volume of 2,724,459 shares, compared to its average volume of 2,287,862. The firm has a market capitalization of $21.54 billion, a price-to-earnings ratio of 16.64, a price-to-earnings-growth ratio of 2.17 and a beta of 0.93. The company has a debt-to-equity ratio of 2.75, a quick ratio of 0.94 and a current ratio of 1.02. The company has a 50-day simple moving average of $64.40 and a 200-day simple moving average of $68.08. Restaurant Brands International has a 12-month low of $59.67 and a 12-month high of $83.29.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last posted its quarterly earnings data on Wednesday, February 12th. The restaurant operator reported $0.81 earnings per share for the quarter, missing analysts’ consensus estimates of $1.10 by ($0.29). Restaurant Brands International had a net margin of 16.01% and a return on equity of 28.25%. Sell-side analysts predict that Restaurant Brands International will post 3.3 EPS for the current year.

Insider Activity at Restaurant Brands International

In other Restaurant Brands International news, insider Thiago T. Santelmo sold 3,511 shares of the company’s stock in a transaction on Monday, January 6th. The stock was sold at an average price of $64.20, for a total transaction of $225,406.20. Following the completion of the sale, the insider now owns 32,937 shares in the company, valued at $2,114,555.40. This represents a 9.63 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Jill Granat sold 10,613 shares of the company’s stock in a transaction on Monday, December 9th. The stock was sold at an average price of $70.41, for a total value of $747,261.33. Following the sale, the insider now owns 388,759 shares of the company’s stock, valued at approximately $27,372,521.19. This represents a 2.66 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 113,510 shares of company stock worth $7,774,020. Company insiders own 1.36% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have commented on QSR shares. Argus lowered Restaurant Brands International from a “buy” rating to a “hold” rating in a report on Thursday. Royal Bank of Canada lowered their target price on Restaurant Brands International from $95.00 to $90.00 and set an “outperform” rating on the stock in a research report on Wednesday, November 6th. Guggenheim upgraded Restaurant Brands International from a “neutral” rating to a “buy” rating and lowered their target price for the company from $74.00 to $71.00 in a research report on Friday, January 24th. Morgan Stanley lowered their price objective on Restaurant Brands International from $81.00 to $73.00 and set an “equal weight” rating on the stock in a research report on Tuesday, January 21st. Finally, KeyCorp reduced their target price on Restaurant Brands International from $80.00 to $78.00 and set an “overweight” rating on the stock in a report on Wednesday, November 6th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and sixteen have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $78.67.

Restaurant Brands International Company Profile

Restaurant Brands International Inc operates as a quick-service restaurant company in Canada, the United States, 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 other food products.