Pizza Pizza Royalty Corp. (TSE:PZA) Plans Monthly Dividend of $0.08

Pizza Pizza Royalty Corp. (TSE:PZA) announced a monthly dividend on Wednesday, September 18th, Zacks reports. Stockholders of record on Friday, September 27th will be given a dividend of 0.078 per share on Tuesday, October 15th. This represents a $0.94 dividend on an annualized basis and a dividend yield of 7.17%. The ex-dividend date is Friday, September 27th.

Pizza Pizza Royalty Stock Up 0.6 %

Shares of TSE:PZA opened at C$13.06 on Friday. The firm has a market cap of C$321.54 million, a PE ratio of 13.33 and a beta of 0.91. The company has a fifty day simple moving average of C$12.99 and a 200 day simple moving average of C$13.28. The company has a current ratio of 0.20, a quick ratio of 3.03 and a debt-to-equity ratio of 15.66. Pizza Pizza Royalty has a 12-month low of C$12.31 and a 12-month high of C$15.09.

Pizza Pizza Royalty (TSE:PZA) last released its 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 company had revenue of C$155.36 million during the quarter. On average, equities research analysts anticipate that Pizza Pizza Royalty will post 0.990566 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Separately, TD Securities cut their price objective on Pizza Pizza Royalty from C$14.00 to C$13.00 and set a “hold” rating on the stock 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.