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Pizza Pizza Royalty Corp. Plans Aug 25 Dividend of $0.08 (TSE:PZA)

Pizza Pizza Royalty logo with Consumer Cyclical background

Key Points

  • Pizza Pizza Royalty Corp. declared a dividend of C$0.08, payable on September 15 to investors of record on August 29.
  • The stock opened at C$16.26, with a market cap of approximately C$400.60 million and a PE ratio of 17.20.
  • Pizza Pizza operates over 600 restaurants across Canada under the Pizza Pizza and Pizza73 brands, employing more than 3,000 people.
  • MarketBeat previews the top five stocks to own by October 1st.

Pizza Pizza Royalty Corp. (TSE:PZA - Get Free Report) announced a aug 25 dividend on Tuesday, August 26th, RTT News reports. Shareholders of record on Friday, August 29th will be paid a dividend of 0.0775 per share on Monday, September 15th.

Pizza Pizza Royalty Trading Down 1.7%

TSE:PZA traded down C$0.28 during trading hours on Friday, hitting C$16.00. The company had a trading volume of 40,103 shares, compared to its average volume of 43,538. The company has a current ratio of 0.19, a quick ratio of 3.03 and a debt-to-equity ratio of 15.72. The company has a 50-day moving average of C$15.71 and a 200 day moving average of C$14.58. The company has a market cap of C$533.66 million, a P/E ratio of 17.02 and a beta of 0.45. Pizza Pizza Royalty has a 1 year low of C$12.31 and a 1 year high of C$16.47.

Wall Street Analysts Forecast Growth

Separately, TD Securities upped their target price on Pizza Pizza Royalty from C$14.00 to C$17.00 and gave the company a "hold" rating in a report on Monday, August 11th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of C$17.00.

Check Out Our Latest Stock Analysis on PZA

About Pizza Pizza Royalty

(Get Free Report)

Pizza Pizza Royalty Corp., through its subsidiary, Pizza Pizza Royalty Limited Partnership, owns and franchises quick-service restaurants under the Pizza Pizza and Pizza73 brands. It offers a flavorful, varied and high-quality menu to pizza-lovers of all ages and tastes and it is composed of more than 600 traditional and non-traditional restaurants coast to coast, employing over 3,000 Canadians.

Further Reading

Dividend History for Pizza Pizza Royalty (TSE:PZA)

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