Boston Pizza Royalties Income Fund (TSE:BPF.UN) Shares Pass Above 200-Day Moving Average - What's Next?

Key Points

• Boston Pizza Royalties Income Fund shares crossed above their 200-day moving average at C$21.68, indicating a positive trend in the stock price.
• The company announced a monthly dividend increase to $0.12 per share, resulting in an annualized yield of 6.7% and a payout ratio of 79.65%.
• Boston Pizza has a market capitalization of C$459.84 million and a PE ratio of 12.56, reflecting its overall financial health.

Boston Pizza Royalties Income Fund (TSE:BPF.UN - Get Free Report)'s stock price passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$18.70 and traded as high as C$21.68. Boston Pizza Royalties Income Fund shares last traded at C$21.61, with a volume of 14,380 shares trading hands.

Boston Pizza Royalties Income Fund Price Performance

The stock has a market capitalization of C$463.67 million, a price-to-earnings ratio of 12.67 and a beta of 0.53. The company has a current ratio of 1.10, a quick ratio of 17.13 and a debt-to-equity ratio of 44.35. The stock has a 50-day simple moving average of C$20.29 and a 200 day simple moving average of C$18.77.

Boston Pizza Royalties Income Fund Increases Dividend

The business also recently declared a monthly dividend, which was paid on Friday, August 29th. Shareholders of record on Friday, August 29th were given a $0.12 dividend. This represents a c) dividend on an annualized basis and a yield of 6.6%. This is a positive change from Boston Pizza Royalties Income Fund's previous monthly dividend of $0.12. The ex-dividend date was Thursday, August 21st. Boston Pizza Royalties Income Fund's dividend payout ratio (DPR) is currently 79.65%.

About Boston Pizza Royalties Income Fund

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.