Pizza Pizza Royalty Corp (PZA) to Issue Monthly Dividend of $0.07

Pizza Pizza Royalty Corp (TSE:PZA) declared a monthly dividend on Tuesday, May 21st, Zacks reports. Stockholders of record on Friday, May 31st will be given a dividend of 0.071 per share on Friday, June 14th. This represents a $0.85 dividend on an annualized basis and a dividend yield of 8.53%. The ex-dividend date is Thursday, May 30th.

Shares of TSE PZA traded up C$0.07 during midday trading on Friday, reaching C$9.99. 26,000 shares of the stock traded hands, compared to its average volume of 73,357. The company has a debt-to-equity ratio of 16.31, a quick ratio of 2.35 and a current ratio of 2.35. The company has a market capitalization of $245.93 million and a P/E ratio of 11.85. Pizza Pizza Royalty has a one year low of C$8.30 and a one year high of C$13.08.

Pizza Pizza Royalty (TSE:PZA) last posted its earnings results on Friday, March 1st. The company reported C$0.23 EPS for the quarter. The firm had revenue of C$141.48 million for the quarter. As a group, equities analysts predict that Pizza Pizza Royalty will post 0.680000046101698 EPS for the current fiscal year.

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

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About Pizza Pizza Royalty

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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