Upcoming Dividends Set to Affect Restaurant Brands, Others

A recent report highlights that Restaurant Brands International Inc, Turning Point Brands Inc, and Golden Entertainment Inc will soon trade ex-dividend. This could lead to slight decreases in their stock prices as investors react to the dividend announcements.

Date: 18-12-2024

AI Rating: 6

The report indicates that three companies will be trading ex-dividend on 12/20/24: Restaurant Brands International Inc (QSR), Turning Point Brands Inc (TPB), and Golden Entertainment Inc (GDEN).

QSR is set to pay a quarterly dividend of $0.58, translating to a dividend yield of approximately 0.86% based on its recent stock price of $67.48. Consequently, it is expected that QSR shares will open about 0.86% lower once the ex-dividend date arrives. Similarly, TPB and GDEN will pay dividends of $0.07 and $0.25, respectively, leading to expected price declines of 0.12% and 0.76%.

Additionally, the estimated annual yield for these companies stands at 3.44% for QSR, 0.46% for TPB, and 3.02% for GDEN. This yield gives an investor a perspective on the sustainability and profitability of each company's dividend.

Current trading indicates some decline in their share prices as well, with QSR down 0.1%, TPB down 0.3%, and GDEN down 0.9%. These price adjustments, alongside their upcoming ex-dividend status, suggest a cautious sentiment among investors as they digest the dividend information and its implications for future returns.

Stocks: QSR TPB GDEN