Boston Pizza Royalties Income Fund (TSE:BPF.UN) Stock Crosses Above 200 Day Moving Average - Here's What Happened

Key Points

• The stock price of Boston Pizza Royalties Income Fund (TSE:BPF.UN) has surpassed its 200-day moving average, reaching a high of C$21.84 during trading.
• The company announced an increase in its monthly dividend to $0.12 per share, with an annualized yield of 6.6% and a dividend payout ratio of 115.25%.
• Boston Pizza Royalties Income Fund has a market cap of C$461.35 million and reported a P/E ratio of 18.37 with a beta of 1.56.

Boston Pizza Royalties Income Fund (TSE:BPF.UN - Get Free Report)'s share price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$18.51 and traded as high as C$21.84. Boston Pizza Royalties Income Fund shares last traded at C$21.68, with a volume of 43,939 shares changing hands.

Boston Pizza Royalties Income Fund Stock Performance

The stock has a market capitalization of C$454.54 million, a P/E ratio of 18.10 and a beta of 1.56. The company has a debt-to-equity ratio of 44.35, a quick ratio of 17.13 and a current ratio of 1.10. The company's fifty day simple moving average is C$19.95 and its two-hundred day simple moving average is C$18.56.

Boston Pizza Royalties Income Fund Increases Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, August 29th. Shareholders of record on Friday, August 29th will be issued a $0.12 dividend. The ex-dividend date of this dividend is Thursday, August 21st. This represents a c) annualized dividend and a yield of 6.7%. This is an increase from Boston Pizza Royalties Income Fund's previous monthly dividend of $0.12. Boston Pizza Royalties Income Fund's payout ratio is currently 115.25%.

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.