Pizza Pizza Royalty Corp Declares Monthly Dividend of $0.07 (TSE:PZA)

Pizza Pizza Royalty Corp (TSE:PZA) announced a monthly dividend on Tuesday, June 18th, Zacks reports. Investors of record on Friday, June 28th will be paid a dividend of 0.071 per share on Monday, July 15th. This represents a $0.85 dividend on an annualized basis and a dividend yield of 8.47%. The ex-dividend date is Thursday, June 27th.

Shares of PZA stock traded up C$0.03 on Wednesday, reaching C$10.06. 2,143 shares of the company’s stock were exchanged, compared to its average volume of 68,023. Pizza Pizza Royalty has a 52 week low of C$8.30 and a 52 week high of C$12.70. The company has a quick ratio of 2.35, a current ratio of 2.35 and a debt-to-equity ratio of 16.31. The company has a market cap of $248.40 million and a PE ratio of 11.90. The business has a fifty day moving average of C$10.03.

Pizza Pizza Royalty (TSE:PZA) last issued its quarterly earnings results on Thursday, May 9th. The company reported C$0.22 earnings per share (EPS) for the quarter. The business had revenue of C$133.91 million for the quarter. Equities analysts predict that Pizza Pizza Royalty will post 0.68 EPS for the current year.

Separately, TD Securities lowered Pizza Pizza Royalty from a “buy” rating to a “hold” rating and set a C$11.00 price target for the company. in a research note on Friday, May 10th.

Pizza Pizza Royalty Company Profile

Pizza Pizza Royalty Corp., through its subsidiary, Pizza Pizza Royalty Limited Partnership, owns and franchises quick service restaurants under the Pizza Pizza and Pizza 73 brands in Canada. As of January 1, 2019, the company had 772 restaurants in the royalty pool. Pizza Pizza Royalty Corp. was founded in 1967 and is headquartered in Toronto, Canada.

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Dividend History for Pizza Pizza Royalty (TSE:PZA)

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