Restaurant Brands Intl's Ex-Dividend Date Is Tuesday, Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Restaurant Brands Intl (NYSE:QSR) has announced a quarterly dividend of 55 cents per share. The stock will go ex-dividend on Tuesday, meaning it will trade lower to reflect the payout. Shareholders who own QSR as of the end of Monday's session are eligible to receive the dividend, which will be paid out on October 04, 2023.
September 14, 2023 | 2:45 pm
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Restaurant Brands Intl's stock is expected to trade lower on Tuesday due to the ex-dividend date. Shareholders as of Monday's session end are eligible for the 55 cents per share dividend.
The ex-dividend date is the cutoff day to buy a stock and receive its upcoming dividend payment. On this date, the stock price is adjusted downward by the amount of the dividend by the market. Therefore, it's expected that QSR's stock price will trade lower on Tuesday.
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