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

Pizza Pizza Royalty Corp (TSE:PZA) announced a monthly dividend on Tuesday, June 18th, Zacks reports. Stockholders of record on Friday, June 28th will be given 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 8.36%. The ex-dividend date is Thursday, June 27th.

Shares of PZA opened at C$10.19 on Tuesday. The firm has a market capitalization of $248.40 million and a P/E ratio of 12.09. Pizza Pizza Royalty has a 1-year low of C$8.30 and a 1-year high of C$12.70. The stock’s fifty day moving average price is C$10.03. The company has a debt-to-equity ratio of 16.31, a quick ratio of 2.35 and a current ratio of 2.35.

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

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

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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