Does Restaurant Brands International (QSR) Pay a Dividend? (2026)

Last updated July 2026

Short answer

Yes. Restaurant Brands International (QSR) pays a dividend yielding about 3.22% as of August 2026, paid quarterly, four times a year. The latest payment on record was $0.65 per share, ex-dividend June 23, 2026. The forward annual rate is roughly $2.60 per share, about $322 a year on a $10,000 position before tax. The payout takes about 64% of earnings. Figures are approximate and dated; verify the current number with your broker.

Does Restaurant Brands International (QSR) pay a dividend?

Yes. Restaurant Brands International distributes a dividend yielding roughly 3.22% as of August 2026, paid quarterly, four times a year. The most recent payment on record was $0.65 per share, with an ex-dividend date of June 23, 2026. Annualized, that is about $2.60 per share.

Figures are approximate, tied to August 2026 and drawn from the Q2 2026 earnings release and Form 10-Q filed August 6, 2026, so verify live data before acting on any of them. Three adjustments keep the multiples honest. First, use ~454.5 million shares plus units, not ~348.8 million shares: RBI's own diluted EPS already assumes ~100% conversion of the exchangeable units under the if-converted method, which is why weighted average diluted shares were ~460 million in the quarter against ~348 million basic. Second, the ~3.8x price-to-sales ratio compares badly with pure franchisors because roughly half of reported revenue is low-margin Tim Hortons supply chain distribution and company-operated restaurant sales at the RH segment, neither of which resembles a royalty stream. Third, trailing GAAP earnings were lifted by discrete tax benefits from intra-group reorganisations and by the Burger King China deconsolidation, so adjusted diluted EPS of ~$1.93 for the first half is the cleaner read on run-rate earning power.

QSR dividend at a glance

Dividend yield
3.22%
Annual rate / share
$2.60
Payout ratio
63.82%
Ex-dividend date
2026-09-18
Recent payments per share
2026-06-23$0.65
2026-03-19$0.65
2025-12-23$0.62
2025-09-23$0.62
2025-06-24$0.62
2025-03-21$0.62

QSR dividend data as of August 2026, sourced from Yahoo Finance and may be delayed. Yield moves with price and payout; confirm the current dividend and ex-date with QSR's investor relations page before relying on it.

Is the QSR dividend covered?

Restaurant Brands International paid out about 64% of its earnings as dividends, so the dividend takes a large share of earnings. It is covered, but future increases depend more on earnings growth than on stretching the payout further, and a bad year leaves less cushion.

Coverage is the question worth asking before yield. A dividend is only as good as the earnings behind it, and the highest yields on any screen are often the ones closest to being cut. Walnut is informational and is not an investment adviser.

How the QSR dividend has changed

The latest payment of $0.65 per share compares with $0.62 in the equivalent payment a year earlier (June 24, 2025). That is a change of 4.8% over the year.

A single year says little on its own. What dividend-growth investors track is the multi-year record: whether the payout has risen through a downturn, and whether the raises have kept pace with inflation. That record is on QSR's investor relations page.

What QSR's dividend means for you

  • Income: about $322 a year per $10,000 invested, before tax.
  • Yield is a ratio, not a payment: it rises when the share price falls. A jump in yield without a raise in the dividend means the stock got cheaper, which may or may not be good news.
  • Total return: for QSR the dividend is one part of return and price change is usually the larger part. Compare total return, not yield, when weighing it against another holding.
  • Reinvest or take the cash: a DRIP compounds the position automatically; taking the cash gives you income now. Either way it is taxable in a taxable account.
  • If you want more yield: dedicated dividend names and funds target higher, steadier payouts. See the best dividend stocks and best dividend ETFs.

How QSR dividends are taxed

Dividends from US common stock are usually qualified, which means they are taxed at long-term capital-gains rates rather than as ordinary income, as long as you held the shares for more than 60 days in the 121-day window around the ex-dividend date. Distributions from REITs and BDCs generally do not qualify and are taxed as ordinary income. Inside an IRA, Roth, or 401(k) none of this applies while the money stays in the account. Full detail is in how dividends are taxed. This is not tax advice.

The bottom line on the QSR dividend

Restaurant Brands International (QSR) pays about 3.22%, or roughly $2.60 per share a year. That is a genuine income yield, so the payout is a real part of the case for holding it, and the coverage question above is the one to answer first. For the full picture see the QSR guide. Walnut can show how QSR fits your real portfolio. It is not an investment adviser.

Investing in Restaurant Brands International with AI

Connect the broker you already use and ask Walnut's AI how QSR fits what you actually hold: whether you own it already through a fund, what it would do to your concentration, and how it has tracked the S&P 500. Read-only by default, and you approve anything before it reaches your broker.

FAQ

Does Restaurant Brands International (QSR) pay a dividend?

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Yes. Restaurant Brands International pays a dividend yielding roughly 3.22% as of August 2026, paid quarterly, four times a year. The most recent payment on record was $0.65 per share with an ex-dividend date of June 23, 2026. That works out to a forward annual rate of about $2.60 per share. Yields move with the share price, so verify the current figure with your broker or QSR's investor relations page before relying on it.

What is QSR's dividend yield?

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About 3.22% as of August 2026. On a $10,000 position that is roughly $322 of dividend income a year before tax. For context, the S&P 500 yields around 1.2%, so QSR yields meaningfully more than the broad market. A higher yield is not automatically better: it can reflect a falling share price as easily as a generous payout, so it is worth checking why the number is what it is.

How often does QSR pay its dividend?

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Restaurant Brands International pays quarterly, four times a year. The most recent payment on record had an ex-dividend date of June 23, 2026. To receive a given payment you have to own the shares before the ex-dividend date, not on the pay date. Confirm upcoming dates on QSR's investor relations page, because boards can change both the amount and the timing.

When is QSR's ex-dividend date?

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The ex-dividend date recorded in our August 2026 data pull is September 18, 2026. The ex-dividend date is the cutoff: buy on or after it and the seller keeps that payment, not you. Buying just before the ex-date to capture the dividend does not create free money, because the share price typically drops by roughly the dividend amount when the stock goes ex. Check QSR's investor relations page for the next confirmed date.

How much is QSR's dividend per share?

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$0.65 per share in the most recent payment (ex-date June 23, 2026), which annualizes to about $2.60 per share. The equivalent payment a year earlier was $0.62. That is a change of 4.8% year over year.

Has Restaurant Brands International raised its dividend recently?

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Yes. The latest payment of $0.65 per share is above the $0.62 paid in the same slot a year earlier, an increase of about 4.8%. One raise is not a policy, though: check the multi-year record on QSR's investor relations page, since a long streak of increases is what dividend-growth investors actually look for.

Is QSR's dividend safe?

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Restaurant Brands International paid out about 64% of its earnings as dividends, so the dividend takes a large share of earnings. It is covered, but future increases depend more on earnings growth than on stretching the payout further, and a bad year leaves less cushion. Nobody can guarantee a dividend: boards cut them, and a high yield is sometimes the market pricing in exactly that. Walnut is not an investment adviser and this is not a recommendation.

How much would I earn in dividends from a $10,000 position in QSR?

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At a yield of about 3.22%, roughly $322 a year before tax, spread across 4 payments. That is a snapshot, not a promise: the amount changes when the company changes its payout, and your yield on cost is fixed at the price you paid, not at today's price.

Are QSR dividends qualified for tax purposes?

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Dividends from US common stock are usually qualified, meaning they are taxed at the lower long-term capital-gains rates, provided you held the shares for more than 60 days in the 121-day window around the ex-dividend date. Distributions from REITs, BDCs, and some pass-through structures are generally taxed as ordinary income instead. In an IRA or Roth the question does not arise. See our guide to how dividends are taxed. This is not tax advice.

Should I reinvest QSR dividends?

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Most brokers offer automatic reinvestment (a DRIP) that puts each QSR payment straight back into more shares, often fractional ones. Reinvesting compounds the position and is the standard choice when you do not need the cash yet. Taking the cash makes sense when you are spending the income or want to direct it elsewhere. Either way the dividend is taxable in a taxable account in the year it is paid, even if you never see the money.

Does QSR pay a dividend and repurchase stock?

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Both. The board declared a quarterly dividend of ~$0.65 per common share for the third quarter of 2026, payable October 2, 2026 to holders of record September 18, 2026, and RBI LP makes an identical ~$0.65 distribution per exchangeable unit on the same dates. Annualised that is ~$2.60, a yield near ~3.2% at ~$80.86, and because it is paid across the full ~454.5 million fully-exchanged base it costs roughly ~$1.18 billion a year against ~$1.63 billion of trailing free cash flow. Separately, a ~$1.0 billion buyback authorisation runs from September 15, 2025 through September 30, 2027; RBI repurchased ~1,821,167 shares for ~$137 million during the second quarter and another ~463,385 shares for ~$35 million in July, leaving ~$794 million available at July 31, 2026. Total capital returned in the quarter was ~$435 million.

Walnut is informational, not investment advice. Dividend figures on this page come from a August 2026 data pull and are approximate; verify the current yield, amount, schedule, and policy with QSR's investor relations page or your broker before acting on them.

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