Restaurant Brands Lifts Dividend 5.5%
By Robb M. Stewart
Restaurant Brands International is lifting its quarterly dividend 5.5%.
The quick-service restaurant company said Tuesday its board declard a payout of 58 cents a share for the first quarter of the year, up from 55 cents previously. The dividend will be payable April 4 to share and unitholders of record at the close of business March 21.
The dividend, equivalent to $2.32 a year, represents an annual yield of about 3% based on the last closing price of $78.27 on the New York Stock Exchange. The owner of Tim Hortons, Burger King, Popeyes and Firehouse Subs is also listed on the Toronto Stock Exchange.
Write to Robb M. Stewart at robb.stewart@wsj.com
(END) Dow Jones Newswires
February 13, 2024 07:06 ET (12:06 GMT)
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