RBI aims to attract younger customers

Article Excerpt

RESTAURANT BRANDS INTERNATIONAL INC. $109 is a buy for aggressive investors. The fast-food operator (Toronto symbol QSR, High-Growth Dividend Payer Portfolio; Consumer sector; Shares outstanding: 452.0 million; Market cap: $49.3 billion; Dividend yield: 2.9%; Dividend Sustainability Rating: Above Average; www.rbi.com) will raise your quarterly dividend by 5.5% with the April 2024 payment, to $0.58 U.S. a share from $0.55 U.S. The new annual rate of $2.32 U.S. yields 2.9%. The company is now buying Carrols Restaurant Group (Nasdaq symbol TAST), Burger King’s largest U.S. franchisee, for $1 billion U.S. It will also invest about $500 million U.S. to modernize 600 of Carrols’ 1,022 restaurants over the next five years or so. The move is part of Burger King’s plan to refurbish restaurant locations and draw in younger customers. Restaurant Brands is a buy. buy. …