Restaurant Brands International is a multinational fast food holding company that was formed in 2014 when Tim Hortons and Burger King merged in a $12.5 billion deal. In 2017, RBI acquired Popeyes Louisiana Kitchen and became the fight-largest operator of fast food restaurants in the world.
Purchase
I bought 11 shares of QSR.TO for $71.70 per share. This is a new position in my portfolio. Eleven shares is not much, but I plan to add to this position later on, especially if the share price remains around $70 or less. I believe that QSR is a great holding company with great growth prospects.
Dividend
The company pays a quarterly dividends in US currency and when converted to CAD dollars it comes up to 3% yield. Not a bad payout from a solid, growing business. It’s also worth mentioning that the dividend was doubled in March 2018 and I expect more dividend increases in 2019.
Dividend Payout Ratio
The current dividend payout ratio sits at 46% making it a safe investment for someone who relies on dividend income.
Ex-Dividend Date
The ex-dividend date for QSR is December 14, 2018 and the dividend payment is on January 4, 2019. By purchasing the shares today, I will receive my very first payout as early as next month. Right now is a good time to buy to get the dividend as early as possible.
I bought 11 shares of QSR.TO for $71.70 per share. This is a new position in my portfolio. Eleven shares is not much, but I plan to add to this position later on, especially if the share price remains around $70 or less. I believe that QSR is a great holding company with great growth prospects.
Dividend
The company pays a quarterly dividends in US currency and when converted to CAD dollars it comes up to 3% yield. Not a bad payout from a solid, growing business. It’s also worth mentioning that the dividend was doubled in March 2018 and I expect more dividend increases in 2019.
Dividend Payout Ratio
The current dividend payout ratio sits at 46% making it a safe investment for someone who relies on dividend income.
Ex-Dividend Date
The ex-dividend date for QSR is December 14, 2018 and the dividend payment is on January 4, 2019. By purchasing the shares today, I will receive my very first payout as early as next month. Right now is a good time to buy to get the dividend as early as possible.
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That's it! That was my last purchase for this year. Let me know what you think of it.
