Restaurant Brands (QSR) Tops Q2 EPS by 3c
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RBC Capital Remains Bullish on Restaurant Brands (QSR) Following 2Q Beat and Raise
August 5, 2016 8:02 AM EDTRBC Capital reiterated an Outperform rating and $49.00 price target on Restaurant Brands International (NYSE: QSR) following the company's 2Q earnings report. QSR reported on EPS beat of $0.41 vs. consensus estimates of $0.35. Management raised 2016 and 2017 EPS estimates from $1.42 and $1.65 to $1.49 and $1.71, respectively, to account for... More
Restaurant Brands (QSR) Announces $300M Stock Buyback Plan
August 4, 2016 7:01 AM EDTRestaurant Brands International Inc. (NYSE: QSR) announced today that its Board of Directors has approved a share repurchase authorization pursuant to which RBI may purchase up to US$300 million of its common shares over the next 5 years. Repurchases under the Repurchase Authorization will be made in the open market or through privately negotiated transactions, in each case in accordance with applicable securities laws.
Pursuant to the Repurchase Authorization, RBI has filed, and the Toronto Stock Exchange (the "TSX") has accepted, notice of RBI's intention to commence a normal course issuer bid (the... More
Restaurant Brands (QSR) Declares $0.16 Quarterly Dividend; 1.4% Yield
August 4, 2016 7:00 AM EDTRestaurant Brands (NYSE: QSR) declared a quarterly dividend of $0.16 per share, or $0.64 annualized.
The dividend will be payable on October 4, 2016, to stockholders of record on September 6, 2016, with an ex-dividend date of September 1, 2016.
The annual yield on the dividend is 1.4 percent.
For a... More
