Below is a list of companies in Canada and the United States that have increased their dividends in the month of October.
The companies we list are not the complete list of companies that have increased their dividends in Canada and the United States or the rest of the world however, they are companies we follow or own.
Canadian Companies
| Company | Previous ($) | New ($) | Change (%) |
| Emera | 0.6375 | 0.6630 | 4.00 |
| Restaurant Brands International Inc. | 0.6570 | 0.6740 | 2.59 |
| Suncor Energy | 0.21 | 0.42 | 100 |
US Companies
| Company | Previous ($) | New ($) | Change (%) |
| AbbVie | 1.30 | 1.41 | 8.46 |
| Exxon Mobil | 0.880 | 0.870 | 1.150 |
| Visa | 0.32 | 0.3750 | 17.19 |
The dollar value listed per share represents a quarterly dividend payment.
Information was obtained from the companies directly.
History of Restaurant Brands International Inc.
Restaurant Brands International Inc. (QSR) is a fairly new entity as it was established in 2014 when 3G Capital acquired Tim Horton’s International. It is now the parent company of Burger King, Tim Hortons, Popeyes Louisiana Kitchen, and their most recent addition, Firehouse Subs.
On November 11th, Restaurant Brands announced that they will also be acquiring Firehouse Subs. If you haven’t tried one of their sandwiches yet, I highly recommend you do. Firehouse Subs not only serves delicious and flavourful subs, it also recognizes the fire and police services. They donate a portion of their proceeds to the Firehouse Subs Public Safety Foundation. Firehouse Subs has granted over $62.5 million to provide equipment, training, and support to hometown heroes.
Restaurant Brands International is one of the world’s largest fast food service companies with approximately $33 billion in annual system-wide sales and over 27,000 restaurants in more than 100 countries. Although Restaurant Brands hasn’t been around for long, the independently operated brands have been serving their guests, franchises, and communities for over 45 years.
Tim Hortons was established in 1964 in Hamilton, Ontario by the iconic NHL player, Tim Horton. Tim Horton was a defenseman for the Toronto Maple Leafs and other teams we won’t mention. Go Leafs! At that time, professional hockey players worked about eight months of the year with a small salary which required most hockey players to have a career off the ice. Since the time it was established, the company has grown and evolved to the wonderful company we know of today.
QSR has had 5 consecutive dividend increases over the 7 years the parent company has been in existence. In October, they announced a quarterly dividend increase of 2.59% from $0.657 to $0.674. The 5 year averaged dividend growth rate is 34.29%. Restaurant Brands is an amazing company that rewards their shareholders with growing dividends.
QSR has a dividend yield of 3.65%. This indicator emphasizes the return the dividend provides an investor when owning shares of the company. Dividend yield is calculated by dividing the annual dividends per share by the market price per share.
Restaurant Brands Inc. is a great company that provides products and services that we use on a daily basis. The next time you pass by a Tim Hortons in the morning, look at the line of coffee drinkers that often pay a daily visit. QSR rewards its shareholders for their growing revenue with an increasing dividend.
"How will you replace your current income in retirement?" - Jim Seyers