Pizza Pizza Royalty Corp. (TSE:PZA) Plans Monthly Dividend of $0.07

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

Pizza Pizza Royalty Trading Down 1.9%

Shares of PZA opened at C$12.65 on Wednesday. The company has a market cap of C$427.63 million, a price-to-earnings ratio of 13.34 and a beta of 0.51. Pizza Pizza Royalty has a 52-week low of C$12.22 and a 52-week high of C$16.73. The company has a debt-to-equity ratio of 15.24, a quick ratio of 3.03 and a current ratio of 1.64. The stock has a fifty day moving average price of C$14.98 and a two-hundred day moving average price of C$15.45.

Pizza Pizza Royalty (TSE:PZA) last released its 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%. Analysts predict that Pizza Pizza Royalty will post 0.9896142 EPS for the current fiscal year.

Analyst Ratings Changes

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