Restaurant Brands International Inc. Plans Quarterly Dividend of $0.58 (NYSE:QSR)

Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) announced a quarterly dividend on Thursday, August 8th, Zacks reports. Investors of record on Friday, September 20th will be paid a dividend of 0.58 per share by the restaurant operator on Friday, October 4th. This represents a $2.32 dividend on an annualized basis and a yield of 3.29%. The ex-dividend date is Friday, September 20th.

Restaurant Brands International has raised its dividend by an average of 1.9% per year over the last three years. Restaurant Brands International has a payout ratio of 59.9% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Restaurant Brands International to earn $3.83 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 60.6%.

Restaurant Brands International Stock Performance

QSR traded down $1.41 on Friday, reaching $70.52. The stock had a trading volume of 343,770 shares, compared to its average volume of 1,626,651. The business’s 50-day moving average price is $70.15 and its two-hundred day moving average price is $73.59. The company has a current ratio of 1.08, a quick ratio of 1.00 and a debt-to-equity ratio of 2.72. Restaurant Brands International has a 12-month low of $61.77 and a 12-month high of $83.29. The company has a market cap of $22.34 billion, a P/E ratio of 18.25, a price-to-earnings-growth ratio of 2.06 and a beta of 0.92.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last issued its quarterly earnings results on Thursday, August 8th. The restaurant operator reported $0.86 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.85 by $0.01. The company had revenue of $2.08 billion for the quarter, compared to the consensus estimate of $2.05 billion. Restaurant Brands International had a return on equity of 31.12% and a net margin of 17.17%. Sell-side analysts forecast that Restaurant Brands International will post 3.37 earnings per share for the current year.

Analysts Set New Price Targets

Several equities research analysts recently commented on the stock. KeyCorp cut their price target on shares of Restaurant Brands International from $85.00 to $80.00 and set an “overweight” rating for the company in a report on Thursday, June 27th. The Goldman Sachs Group assumed coverage on Restaurant Brands International in a research note on Thursday, June 13th. They set a “buy” rating and a $80.00 price objective for the company. Morgan Stanley decreased their target price on Restaurant Brands International from $86.00 to $83.00 and set an “equal weight” rating on the stock in a research report on Tuesday, July 16th. Barclays boosted their price target on Restaurant Brands International from $87.00 to $89.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 1st. Finally, Piper Sandler decreased their price objective on Restaurant Brands International from $84.00 to $82.00 and set a “neutral” rating on the stock in a report on Wednesday, May 1st. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and nineteen have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $83.46.

About Restaurant Brands International

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.