07:34 AM EST, 02/12/2025 (MT Newswires) -- Restaurant Brands International (QSR.TO) was up near 4% in U.S. pre-market trading, on Wednesday reported higher fourth-quarter adjusted operating income and revenue that beat forecasts. The company also raised its dividend to US$0.62 per share.

Adjusted operating income rose to US$578 million, or US$0.81 per adjusted diluted share, from US$509 million, or US$0.75, per share, the year before. The result beat the consensus analyst forecast of US$0.78, according to FactSet.

Total revenue rose to US$2.3 billion, from US$1.82 billion, beating analysts expectations of US$2.28 billion. Restaurant Brands said the increase was due to higher system-wide sales and higher supply chain sales to franchisees.

Tim Hortons system-wide sales were US$1.9 billion, up from US$1.85 billion. System-wide sales growth fell to 3.2%, from 9% the year before.

The company, which will pay a higher quarterly dividend of US$0.62 per share, from US$0.58 per share, on April 4, is targeting a total of US$2.48 in dividends per common share for 2025.

Restaurant Brands was last seen up US$2.31, to US$69.20, in New York trading.