Pizza Pizza Royalty Corp. (TSE:PZA – Get Free Report) reached a new 52-week low on Friday . The company traded as low as C$12.70 and last traded at C$12.70, with a volume of 48899 shares. The stock had previously closed at C$12.88.
Wall Street Analyst Weigh In
Separately, TD Securities decreased 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 report on Thursday, August 8th.
Pizza Pizza Royalty Stock Performance
Pizza Pizza Royalty Announces Dividend
The business also recently disclosed a monthly dividend, which will be paid on Friday, September 13th. Investors of record on Friday, August 30th will be paid a dividend of $0.078 per share. The ex-dividend date of this dividend is Friday, August 30th. This represents a $0.94 dividend on an annualized basis and a yield of 7.36%. Pizza Pizza Royalty’s payout ratio is currently 94.90%.
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.
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