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

Pizza Pizza Royalty Corp. (TSE:PZA) announced a monthly dividend on Monday, August 26th, Zacks reports. Investors of record on Friday, August 30th will be paid a dividend of 0.078 per share on Friday, September 13th. This represents a $0.94 annualized dividend and a dividend yield of 7.25%. The ex-dividend date is Friday, August 30th.

Pizza Pizza Royalty Trading Down 0.2 %

PZA traded down C$0.02 during trading on Wednesday, hitting C$12.91. The company’s stock had a trading volume of 8,493 shares, compared to its average volume of 32,570. The firm has a market capitalization of C$317.84 million, a P/E ratio of 13.19 and a beta of 0.91. Pizza Pizza Royalty has a twelve month low of C$12.78 and a twelve month high of C$15.09. The stock’s fifty day moving average price is C$13.10 and its 200-day moving average price is C$13.46. The company has a quick ratio of 3.03, a current ratio of 0.20 and a debt-to-equity ratio of 15.66.

Wall Street Analysts Forecast Growth

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