Restaurant Brands International Inc (QSR) To Go Ex-Dividend on December 14th

Restaurant Brands International Inc (TSE:QSR) (NYSE:QSR) announced a quarterly dividend on Thursday, October 26th, Zacks reports. Stockholders of record on Friday, December 15th will be given a dividend of 0.262 per share on Wednesday, January 3rd. This represents a $1.05 dividend on an annualized basis and a dividend yield of 1.34%. The ex-dividend date of this dividend is Thursday, December 14th. This is a boost from Restaurant Brands International’s previous quarterly dividend of $0.20.

Shares of Restaurant Brands International (TSE QSR) opened at C$78.10 on Friday. Restaurant Brands International has a 12 month low of C$62.75 and a 12 month high of C$88.36.

A number of analysts have recently commented on the company. Royal Bank Of Canada boosted their price objective on Restaurant Brands International to C$97.00 and gave the stock an “outperform” rating in a research note on Monday, October 23rd. CSFB raised Restaurant Brands International from a “neutral” rating to an “outperform” rating in a research note on Thursday, September 7th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of C$81.25.

In other news, insider José E. Cil sold 23,732 shares of Restaurant Brands International stock in a transaction on Monday, September 25th. The stock was sold at an average price of C$64.00, for a total transaction of C$1,518,848.00. Also, insider José E. Cil sold 96,872 shares of Restaurant Brands International stock in a transaction on Friday, September 29th. The shares were sold at an average price of C$63.68, for a total value of C$6,168,808.96. Insiders sold a total of 303,101 shares of company stock worth $19,528,386 over the last 90 days.

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Restaurant Brands International Company Profile

Restaurant Brands International Inc is a quick service restaurant (QSR) company. The Company had over 20,000 restaurants in more than 100 countries and the United States territories, as of December 31, 2016. It operates through two segments: Tim Hortons (TH) and Burger King (BK). Tim Hortons restaurants are quick service restaurants with a menu that includes blend coffee, tea, espresso-based hot and cold specialty drinks, baked goods, including donuts, Timbits, bagels, muffins, cookies and pastries, grilled paninis, classic sandwiches, wraps and soups, among others.

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