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

Pizza Pizza Royalty Corp. (TSE:PZA) declared a monthly dividend on Friday, October 30th. Stockholders of record on Friday, November 13th will be paid a dividend of $0.0675 per share on Friday, November 13th. This represents a $0.81 dividend on an annualized basis and a dividend yield of 7.6%. The ex-dividend date of this dividend is Friday, October 30th.

Pizza Pizza Royalty Trading Down 0.2%

PZA opened at C$10.59 on Friday. The firm has a market cap of C$357.99 million, a price-to-earnings ratio of 11.64 and a beta of 0.64. The company has a current ratio of 1.66, a quick ratio of 3.02 and a debt-to-equity ratio of 15.27. Pizza Pizza Royalty has a 12 month low of C$10.10 and a 12 month high of C$16.73. The stock has a fifty day moving average price of C$11.03 and a 200-day moving average price of C$13.64.

Analyst Upgrades and Downgrades

Separately, TD Securities raised shares of Pizza Pizza Royalty to a “hold” rating in a research report on Friday, July 24th. Two analysts have rated the stock with a Hold rating. Based on data from MarketBeat, the stock presently has a consensus 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.