Boston Pizza Royalties Income Fund (TSE:BPF.UN) Share Price Passes Above Two Hundred Day Moving Average - Here's Why

Key Points

• Boston Pizza Royalties Income Fund's share price crossed above its 200-day moving average of C$18.86, trading as high as C$21.70 before last settling at C$21.59.
• The company has announced an increase in its monthly dividend to $0.12, representing an annual yield of 6.7%.
• Boston Pizza Royalties Income Fund currently has a market capitalization of C$459.41 million and a PE ratio of 12.55.

Boston Pizza Royalties Income Fund (TSE:BPF.UN - Get Free Report)'s stock price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$18.86 and traded as high as C$21.70. Boston Pizza Royalties Income Fund shares last traded at C$21.59, with a volume of 11,267 shares trading hands.

Boston Pizza Royalties Income Fund Stock Performance

The company's fifty day simple moving average is C$20.53 and its 200 day simple moving average is C$18.95. The stock has a market capitalization of C$459.63 million, a price-to-earnings ratio of 12.56 and a beta of 0.53. The company has a quick ratio of 17.13, a current ratio of 1.10 and a debt-to-equity ratio of 44.35.

Boston Pizza Royalties Income Fund Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Friday, August 29th. Stockholders of record on Friday, August 29th were given a $0.12 dividend. The ex-dividend date of this dividend was Thursday, August 21st. This is a boost from Boston Pizza Royalties Income Fund's previous monthly dividend of $0.12. This represents a c) dividend on an annualized basis and a dividend yield of 6.7%. Boston Pizza Royalties Income Fund's dividend payout ratio (DPR) is presently 79.65%.

Boston Pizza Royalties Income Fund Company Profile

Boston Pizza restaurants offer a casual dining atmosphere with more than 100 menu items including a unique selection of gourmet pizzas, mouth-watering pastas and a wide variety of appetizers, meal-sized salads, entrees and desserts. Each Boston Pizza location provides three experiences under one roof, with a full service, family friendly casual dining restaurant, a separate sports bar, and take-out and delivery options.