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 paid a dividend of 0.262 per share on Wednesday, January 3rd. This represents a $1.05 annualized dividend and a dividend yield of 1.27%. 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 (QSR) traded up C$0.25 on Friday, hitting C$82.57. The company had a trading volume of 322,313 shares, compared to its average volume of 388,815. Restaurant Brands International has a one year low of C$57.46 and a one year high of C$88.36.
QSR has been the subject of several research analyst reports. Royal Bank of Canada lifted their price objective on Restaurant Brands International to C$97.00 and gave the company 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 investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. The stock has an average rating of “Buy” and an average target price of C$81.25.
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In other news, insider José E. Cil sold 96,872 shares of the business’s stock in a transaction that occurred on Friday, September 29th. The stock was sold at an average price of C$63.68, for a total value of C$6,168,808.96. Also, insider José E. Cil sold 23,732 shares of the company’s stock in a transaction that occurred on Monday, September 25th. The shares were sold at an average price of C$64.00, for a total value of C$1,518,848.00. Over the last ninety days, insiders have sold 244,172 shares of company stock worth $15,698,001.
About Restaurant Brands International
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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