Pizza Pizza Royalty Corp. (PZA) to Issue Monthly Dividend of $0.07 on June 15th

Pizza Pizza Royalty Corp. (TSE:PZA) announced a monthly dividend on Friday, May 29th, TickerTech Dividends reports. Investors of record on Monday, June 15th will be paid a dividend of 0.0675 per share on Monday, June 15th. This represents a c) dividend on an annualized basis and a yield of 6.4%. The ex-dividend date is Friday, May 29th.

Pizza Pizza Royalty Stock Performance

TSE:PZA opened at C$12.65 on Wednesday. The business’s 50-day moving average price is C$14.98 and its two-hundred day moving average price is C$15.45. Pizza Pizza Royalty has a twelve month low of C$12.22 and a twelve month high of C$16.73. The stock has a market cap of C$427.63 million, a P/E ratio of 13.34 and a beta of 0.51. The company has a quick ratio of 3.03, a current ratio of 1.64 and a debt-to-equity ratio of 15.24.

Pizza Pizza Royalty (TSE:PZA) last released its quarterly earnings results on Wednesday, March 25th. The company reported C$0.24 earnings per share for the quarter. Pizza Pizza Royalty had a return on equity of 10.21% and a net margin of 76.59%. As a group, equities analysts predict that Pizza Pizza Royalty will post 0.9896142 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, TD reduced their price objective on Pizza Pizza Royalty from C$14.00 to C$12.00 and set a “hold” rating on the stock in a research report on Tuesday, May 19th. Two investment analysts have rated the stock with a Hold rating, According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus 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.