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Restaurant Brands International Announced Q2 2020 Financial Results
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Restaurant Brands International Inc (TSX:QSR) institutional ownership is 76.90% which means the shareholder base is strong and investors are in the stock for the long haul. The company has announced its Q2 2020 financial results and reported revenue of $1.048 billion compared to last year's $1.4 billion. Net income was $154 million or $0.33 per share compared to Q2 2019 when it was $31 million or $0.71 per share. By the end of Q2 2020, the company had reopened almost 90% of its restaurants which is around 4,500 globally.
The company has also announced the filing of its intent for renewing if its normal course issuer bid for its common stock which the Toronto Stock Exchange has accepted. Restaurant Brands is conducting the NCIB in adherence to its current stock repurchase approval by the Board in August 2016.
NovaGold Announces Drill Results Of Co-Owned Donlin Project in Alaska
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NovaGold Resources Inc. (TSX:NG) is also another stock with a strong shareholder base in which investors are in for the long-haul since institutional ownership accounts for 81.40%. The company and Barrick Gold released an update last week on the drill results of their co-owned Alaskan Donlin gold project. Currently, the 2020 drill program is in progress with four drills at the site all operating within the strict COVID-19 safety measures and protocols. Measured and indicated resources at the site are around 39 million gold ounces making it the biggest open-pit gold deposit in Alaska. Drilling began in February and although it was halted temporarily in April due to COVID-19 but has now resumed after the opening of states.
Sun Life Financial Opens New Office In Singapore
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Another stock with strong shareholder bases is Sun Life Financial Inc (TSX:SLF) with institutional ownership accounting for 82.70% which means investors are in the stock for the long haul. The company has opened an office in Singapore as it targets the provision of insurance products through private banks and international brokers in the city-state. Singapore will be the 8th market for the company in Asia where it has over 21,000 employees and around 439 billion assets under its management.
The Toronto based company has announced that it will redeem all the $500 million outstanding principal amount of the Series 2015-1 Subordinated Unsecured Floating/Fixed Debentures. They will fund the redemption from the current liquid assets and cash.
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COMTEX_369231675/2700/2020-08-11T10:21:16
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