Pizza Pizza Royalty Corp (PZA) Declares $0.07 Monthly Dividend
Pizza Pizza Royalty Corp (TSE:PZA) announced a monthly dividend on Monday, December 18th, Zacks reports. Investors of record on Friday, December 29th will be given a dividend of 0.071 per share on Monday, January 15th. This represents a $0.85 dividend on an annualized basis and a dividend yield of 5.24%. The ex-dividend date of this dividend is Thursday, December 28th.
Pizza Pizza Royalty (TSE:PZA) traded up C$0.09 during trading hours on Friday, hitting C$16.26. 13,500 shares of the company were exchanged, compared to its average volume of 20,719. The company has a market cap of $398.08, a PE ratio of 18.69 and a beta of 0.62. Pizza Pizza Royalty has a 52 week low of C$15.30 and a 52 week high of C$18.24.
Separately, TD Securities cut shares of Pizza Pizza Royalty from a “buy” rating to a “hold” rating and lowered their price target for the stock from C$18.50 to C$16.50 in a report on Tuesday, November 7th.
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Pizza Pizza Royalty Corp. owns the trademarks and trade names used by Pizza Pizza Limited (PPL) in its Pizza Pizza and Pizza 73 restaurants. PPL operates its Pizza Pizza Restaurants as franchise oriented restaurants and Pizza 73 Restaurants are owned, and operated as independent businesses. It operates through receipt of royalty income from the ownership of the Pizza Pizza and Pizza 73 Rights and Marks segment.
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