QSR Dividend

Although QSR has a dividend of 0.62 with an ex-dividend date of Dec 23, you can sell covered calls on Restaurant Brands International Inc. Common Shares to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Mon 10:30 AM ET):

Restaurant Brands International Inc. Common Shares (QSR)
Bid Ask Last Change Volume P/E Market Cap
71.04 71.07 71.06 +0.18 216K 25 23B

QSR Dividend-Like Income Using Covered Calls

With QSR at 71.06, here's a table showing how big the annual "dividend" (i.e. total annual call premium received) would need to be to attain 3%, 5%, and 10% annual yields. Also shown is the equivalent number of cents/day necessary to achieve each yield:

Annual Yield Annual Premium Cents/Day
3% 2.13 0.6
5% 3.55 1.0
10% 7.11 1.9

So now we need to find out of the money covered calls that pay at least the prescribed cents/day amount of time premium. That will generate income and, because they are out of the money, leave room for some upside potential on the stock. Here are some examples:

3% Yield On QSR Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Dec 19 72.50 0.05 5 1.0 1.43 (2.0%)
Jan 16 72.50 0.85 33 2.6 1.43 (2.0%)
5% Yield On QSR Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Dec 19 72.50 0.05 5 1.0 1.43 (2.0%)
Jan 16 72.50 0.85 33 2.6 1.43 (2.0%)
10% Yield On QSR Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Jan 16 72.50 0.85 33 2.6 1.43 (2.0%)
Apr 17 72.50 2.70 124 2.2 1.43 (2.0%)

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