Canadian quick service restaurant operator Restaurant Brands International Inc. (ISIN: CA76131D1033, NYSE: QSR) will pay out $0.54 in dividend for the fourth quarter of 2022, it was reported on Thursday. Shareholders will receive the distribution on January 4, 2023 (record date: December 21, 2022).
Annualized, the total dividend is $2.16. The current dividend yield is 3.66 percent at the current share price of $59.01 (as of November 3, 2022). In February 2022, compared to the previous quarter (0.53 US dollars), there was an increase of 1.9 percent.
Based in Oakville, Ontario, Restaurant Brands International was formed in 2014 from the merger of Burger King and Canadian fast food restaurant chain Tim Hortons. The portfolio also includes the two American chains Popeyes Louisiana Kitchen and Firehouse Subs. Almost 30,000 branches are operated in more than 100 countries. The main shareholder is the Brazilian investment company 3G Capital.
Revenue for the third quarter (September 30) of fiscal 2022 was $1.73 billion (prior year: $1.5 billion), also reported on Thursday. Adjusted earnings were $436 million (prior year: $353 million). The numbers were above analysts’ expectations.
The stock has been down 2.75 percent on Wall Street since the beginning of 2022 (as of November 3, 2022). The market capitalization is currently 17.9 billion US dollars.
Editorial team MyDividends.de
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