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

Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) declared a quarterly dividend on Wednesday, August 5th. 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 yield of 3.6%. The ex-dividend date of this dividend is Friday, September 18th.

Restaurant Brands International has increased its dividend payment by an average of 0.0%annually over the last three years and has raised its dividend annually for the last 10 consecutive years. Restaurant Brands International has a dividend payout ratio of 64.5% indicating that its dividend is sufficiently covered by earnings. 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 Down 2.1%

NYSE:QSR opened at $72.95 on Friday. The company has a market cap of $25.48 billion, a price-to-earnings ratio of 25.69, a P/E/G ratio of 2.17 and a beta of 0.50. The company has a debt-to-equity ratio of 2.55, a quick ratio of 0.90 and a current ratio of 0.99. The stock’s fifty day moving average price is $73.76 and its two-hundred day moving average price is $73.62. Restaurant Brands International has a 52-week low of $61.33 and a 52-week high of $81.96.

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

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. Royal Bank Of Canada set a $85.00 target price on Restaurant Brands International and gave the stock an “outperform” rating in a report on Tuesday, July 28th. Deutsche Bank Aktiengesellschaft decreased their price objective on Restaurant Brands International from $86.00 to $85.00 and set a “buy” rating for the company in a report on Thursday, July 9th. Barclays boosted their target price on Restaurant Brands International from $85.00 to $92.00 and gave the company an “overweight” rating in a research note on Thursday, May 7th. Robert W. Baird raised 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 note on Thursday, May 7th. Finally, Morgan Stanley lifted their price objective on shares of Restaurant Brands International from $78.00 to $79.00 and gave the company an “equal weight” rating in a report on Wednesday, July 15th. Fifteen analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average 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.