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

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

Pizza Pizza Royalty Price Performance

Shares of PZA opened at C$13.45 on Friday. The company’s 50-day moving average is C$13.03 and its 200-day moving average is C$13.18. The company has a debt-to-equity ratio of 15.66, a current ratio of 0.20 and a quick ratio of 3.03. The firm has a market capitalization of C$331.14 million, a PE ratio of 13.72 and a beta of 0.91. Pizza Pizza Royalty has a fifty-two week low of C$12.31 and a fifty-two week high of C$15.09.

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 forecast that Pizza Pizza Royalty will post 0.9896142 EPS for the current year.

Analysts Set New Price Targets

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.