Restaurant Brands International Inc. (QSR) will raise its quarterly dividend by 4.0 percent to $0.52 per share in 2020. This follows a dividend hike of 11.1 percent by the Canada based owner of Burger King.

The RBI board of directors has declared a dividend of $0.52 per common share and partnership exchangeable unit of RBI LP for the first quarter of 2020. The dividend will be payable on April 3, 2020 to shareholders and unitholders of record at the close of business on March 16, 2020. In connection with the declared dividend, RBI also announced that it is targeting a total of $2.08 in dividends per common share and partnership exchangeable unit of RBI LP for 2020.

Restaurant Brands International Inc. is a quick service restaurant operator with more than $34 billion in system-wide sales and over 27,000 restaurants in more than 100 countries and U.S. territories. RBI owns quick service restaurant brands TIM HORTONS, BURGER KING, and POPEYES.