Restaurant Brands International Inc. (TSE:QSR – Get Free Report) (NYSE:QSR) passed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of C$90.96 and traded as high as C$96.49. Restaurant Brands International shares last traded at C$96.29, with a volume of 506,179 shares.
Analyst Ratings Changes
Separately, Royal Bank of Canada increased their price objective on Restaurant Brands International from C$86.00 to C$87.00 and gave the company an “outperform” rating in a research note on Monday, November 6th.
Restaurant Brands International Trading Up 0.1 %
Restaurant Brands International Increases Dividend
The business also recently announced a quarterly dividend, which will be paid on Thursday, January 4th. Investors of record on Thursday, December 21st will be issued a $0.763 dividend. This represents a $3.05 dividend on an annualized basis and a yield of 3.13%. This is an increase from Restaurant Brands International’s previous quarterly dividend of $0.73. The ex-dividend date is Wednesday, December 20th. Restaurant Brands International’s payout ratio is presently 76.00%.
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.
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