Pizza Pizza Royalty Corp. (TSE:PZA) to Issue $0.07 Monthly Dividend

Pizza Pizza Royalty Corp. (TSE:PZA) declared a monthly dividend on Tuesday, June 30th, TickerTech Dividends reports. Stockholders of record on Wednesday, July 15th will be paid a dividend of 0.0675 per share on Wednesday, July 15th. This represents a c) dividend on an annualized basis and a dividend yield of 6.1%. The ex-dividend date is Tuesday, June 30th.

Pizza Pizza Royalty Stock Up 1.3%

Shares of TSE PZA opened at C$13.19 on Friday. The company has a debt-to-equity ratio of 15.24, a current ratio of 1.64 and a quick ratio of 3.02. The company has a 50-day moving average price of C$13.72 and a 200-day moving average price of C$15.14. The stock has a market capitalization of C$445.89 million, a P/E ratio of 13.91 and a beta of 0.64. Pizza Pizza Royalty has a 1 year low of C$12.22 and a 1 year high of C$16.73.

Pizza Pizza Royalty (TSE:PZA) last posted its earnings results on Wednesday, March 25th. The company reported C$0.24 earnings per share for the quarter. Pizza Pizza Royalty had a net margin of 29.35% and a return on equity of 10.21%. On average, equities research analysts forecast that Pizza Pizza Royalty will post 0.9896142 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Separately, TD decreased their price objective on Pizza Pizza Royalty from C$14.00 to C$12.00 and set a “hold” rating for the company in a report on Tuesday, May 19th. Two equities research analysts have rated the stock with a Hold rating, According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of C$14.00.

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 Pizza73 brands. It offers a flavorful, varied and high-quality menu to pizza-lovers of all ages and tastes and it is composed of more than 600 traditional and non-traditional restaurants coast to coast, employing over 3,000 Canadians. The business activity of the group primarily functions through Canada.