Restaurant Brands International Inc (NYSE:QSR) (TSE:QSR) declared a quarterly dividend on Tuesday, February 13th, Wall Street Journal reports. Shareholders of record on Thursday, March 15th will be paid a dividend of 0.45 per share by the restaurant operator on Monday, April 2nd. This represents a $1.80 dividend on an annualized basis and a yield of 3.04%. The ex-dividend date of this dividend is Wednesday, March 14th. This is a boost from Restaurant Brands International’s previous quarterly dividend of $0.21.
Restaurant Brands International has a payout ratio of 42.0% meaning its dividend is sufficiently covered by earnings. Research analysts expect Restaurant Brands International to earn $2.92 per share next year, which means the company should continue to be able to cover its $0.84 annual dividend with an expected future payout ratio of 28.8%.
Restaurant Brands International (NYSE QSR) opened at $59.13 on Tuesday. The company has a current ratio of 1.06, a quick ratio of 1.01 and a debt-to-equity ratio of 2.64. The firm has a market cap of $14,472.72, a PE ratio of 28.12, a price-to-earnings-growth ratio of 1.50 and a beta of 1.48. Restaurant Brands International has a 1 year low of $53.54 and a 1 year high of $68.89.
In related news, insider Heitor Goncalves sold 81,637 shares of the firm’s stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $59.42, for a total value of $4,850,870.54. Following the sale, the insider now directly owns 187,333 shares of the company’s stock, valued at $11,131,326.86. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Ali Hedayat bought 5,000 shares of the stock in a transaction that occurred on Wednesday, February 14th. The stock was bought at an average cost of $58.00 per share, for a total transaction of $290,000.00. Following the completion of the purchase, the director now directly owns 37,592 shares of the company’s stock, valued at $2,180,336. The disclosure for this purchase can be found here. Insiders sold 471,676 shares of company stock worth $27,885,174 over the last ninety days. 3.05% of the stock is currently owned by insiders.
A number of equities analysts have recently commented on QSR shares. Evercore ISI started coverage on shares of Restaurant Brands International in a research report on Monday, December 11th. They issued an “outperform” rating and a $75.00 price objective for the company. Zacks Investment Research upgraded shares of Restaurant Brands International from a “hold” rating to a “buy” rating and set a $69.00 price objective for the company in a research report on Tuesday, December 26th. UBS Group set a $74.00 price objective on shares of Restaurant Brands International and gave the company a “buy” rating in a research report on Tuesday, January 16th. Nomura raised their price objective on shares of Restaurant Brands International from $75.00 to $81.00 and gave the company a “buy” rating in a research report on Tuesday, January 30th. Finally, BMO Capital Markets restated a “hold” rating on shares of Restaurant Brands International in a research report on Tuesday, February 13th. Five research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $70.35.
TRADEMARK VIOLATION WARNING: This piece of content was first published by Markets Daily and is owned by of Markets Daily. If you are viewing this piece of content on another site, it was stolen and reposted in violation of US and international copyright law. The original version of this piece of content can be viewed at https://www.themarketsdaily.com/2018/03/13/restaurant-brands-international-inc-qsr-plans-quarterly-dividend-of-0-45.html.
Restaurant Brands International Company Profile
Restaurant Brands International Inc is a quick service restaurant (QSR) company. The Company had over 23,000 restaurants in more than 100 countries and the United States territories, as of September 30, 2017. It operates through three segments: Tim Hortons (TH), Burger King (BK) and Popeyes Louisiana Kitchen (PLK).
Receive News & Ratings for Restaurant Brands International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Restaurant Brands International and related companies with MarketBeat.com's FREE daily email newsletter.