Pizza Pizza Royalty Corp. (TSE:PZA) to Issue $0.08 Monthly Dividend

Pizza Pizza Royalty Corp. (TSE:PZA) announced a monthly dividend on Wednesday, October 23rd, Zacks reports. Shareholders of record on Thursday, October 31st will be paid a dividend of 0.078 per share on Friday, November 15th. This represents a $0.94 annualized dividend and a yield of 6.96%. The ex-dividend date is Thursday, October 31st.

Pizza Pizza Royalty Price Performance

TSE:PZA opened at C$13.45 on Friday. The company has a market cap of C$331.14 million, a P/E ratio of 13.72 and a beta of 0.91. The firm’s fifty day moving average price is C$13.03 and its two-hundred day moving average price is C$13.18. Pizza Pizza Royalty has a one year low of C$12.31 and a one year high of C$15.09. The company has a debt-to-equity ratio of 15.66, a current ratio of 0.20 and a quick ratio of 3.03.

Pizza Pizza Royalty (TSE:PZA) last released its quarterly earnings results on Wednesday, August 7th. The company reported C$0.24 earnings per share for the quarter. Pizza Pizza Royalty had a net margin of 77.86% and a return on equity of 10.60%. The firm had revenue of C$155.36 million for the quarter. Equities analysts expect that Pizza Pizza Royalty will post 0.9896142 earnings per share for the current year.

Wall Street Analyst Weigh In

Separately, TD Securities reduced their price target on Pizza Pizza Royalty from C$14.00 to C$13.00 and set a “hold” rating for the company in a research note on Thursday, August 8th.

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. The company was founded in 1967 and is headquartered in Toronto, Canada.