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Restaurant Brands Tops Q4 Earnings, Boosts 2019 Dividend Target

Martin Baccardax

posted stronger-than-expected fourth quarter earnings, and boosted its 2019 dividend target to $2 a share as same store sales for its Tim Horton's division lead gains for the group. Restaurant Brands said adjusted earnings for the three months ending in December came in at 68 cents per share, up 1.5% from the same period last year and one penny ahead of the Street consensus forecast. "I am pleased to report that our business continued to deliver strong system-wide sales growth in 2018, driven by acceleration of net restaurant growth at Burger King and Popeyes and improved momentum in comparable sales at Tim Hortons through our 'Winning Together' plan," said CEO Jose Cil.