Restaurant Brands International Inc. (NYSE:QSR) Shares Set to Pay Quarterly Dividend of $0.65

Key Points

• Restaurant Brands International declared a quarterly dividend of $0.65 per share, equivalent to $2.60 annually and a 3.6% yield. Shareholders of record on December 22 are scheduled to receive payment on January 5.
• The dividend appears supported by earnings, with a current payout ratio of 64.5% and an expected forward payout ratio of 58.7% based on projected next-year EPS of $4.43.
• QSR shares fell 1.9% to $73.12, while analysts maintained a “Moderate Buy” consensus and an average price target of $83.52. Recent quarterly EPS of $1.10 exceeded estimates, although revenue of $2.52 billion came in slightly below expectations.

Restaurant Brands International Inc. (NYSE:QSR - Get Free Report) TSE: QSR declared a quarterly dividend on Thursday, October 29th. Shareholders of record on Tuesday, December 22nd will be given a dividend of $0.65 per share by the restaurant operator on Tuesday, January 5th. This represents a $2.60 dividend on an annualized basis and a yield of 3.6%. The ex-dividend date is Tuesday, December 22nd.

Restaurant Brands International has a dividend payout ratio of 64.5% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Restaurant Brands International to earn $4.43 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 58.7%.

Restaurant Brands International Trading Down 1.9%

NYSE:QSR traded down $1.40 during trading hours on Thursday, reaching $73.12. 5,502,610 shares of the stock were exchanged, compared to its average volume of 3,179,137. The company has a quick ratio of 0.92, a current ratio of 1.01 and a debt-to-equity ratio of 2.49. The business has a 50-day moving average of $74.85 and a two-hundred day moving average of $73.90. Restaurant Brands International has a twelve month low of $64.52 and a twelve month high of $81.96. The company has a market capitalization of $25.50 billion, a price-to-earnings ratio of 19.66, a PEG ratio of 2.12 and a beta of 0.52.

Restaurant Brands International (NYSE:QSR - Get Free Report) TSE: QSR last issued its quarterly earnings results on Thursday, October 29th. The restaurant operator reported $1.10 earnings per share for the quarter, topping the consensus estimate of $1.08 by $0.02. Restaurant Brands International had a return on equity of 33.43% and a net margin of 13.12%. The company had revenue of $2.52 billion for the quarter, compared to the consensus estimate of $2.55 billion. During the same quarter in the prior year, the business earned $1.03 EPS. Restaurant Brands International's revenue was up 3.1% on a year-over-year basis. On average, equities analysts predict that Restaurant Brands International will post 4.04 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on QSR shares. Scotia cut their price target on shares of Restaurant Brands International from $83.00 to $81.00 and set a "sector perform" rating on the stock in a research note on Friday, August 7th. Citigroup decreased their price objective on shares of Restaurant Brands International from $80.00 to $79.00 and set a "neutral" rating for the company in a research note on Tuesday, October 20th. Scotiabank dropped their price objective on Restaurant Brands International from $83.00 to $81.00 and set a "sector perform" rating on the stock in a report on Friday, August 7th. Piper Sandler dropped their price objective on Restaurant Brands International from $85.00 to $81.00 and set an "overweight" rating on the stock in a report on Friday, August 7th. Finally, Guggenheim boosted their target price on Restaurant Brands International from $85.00 to $86.00 and gave the company a "buy" rating in a report on Friday, September 18th. Sixteen equities research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $83.52.

Restaurant Brands International Company Profile

Restaurant Brands International Inc NYSE: QSR is a global quick-service restaurant company that owns and operates a portfolio of restaurant brands, primarily through franchised and licensed locations. Its brands include Tim Hortons, Burger King, Popeyes and Firehouse Subs, which serve coffee, baked goods, burgers, chicken, sandwiches and other prepared foods.

The company was formed in 2014 through the merger of Burger King Worldwide and Tim Hortons. RBI expanded its portfolio through the acquisition of Popeyes Louisiana Kitchen in 2017 and Firehouse Restaurant Group in 2021.

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