Pizza Pizza Royalty (TSE:PZA) Hits New 52-Week High After Dividend Announcement

Pizza Pizza Royalty Corp. (TSE:PZA - Get Free Report) reached a new 52-week high during mid-day trading on Tuesday following a dividend announcement from the company. The stock traded as high as C$13.92 and last traded at C$13.84, with a volume of 28482 shares traded. The stock had previously closed at C$13.80.

The newly announced dividend which will be paid on Thursday, May 15th. Stockholders of record on Wednesday, April 30th will be paid a $0.0775 dividend. Pizza Pizza Royalty's payout ratio is 98.39%.

Analyst Ratings Changes

Separately, TD Securities lifted their price objective on shares of Pizza Pizza Royalty from C$13.00 to C$14.00 and gave the company a "hold" rating in a research note on Tuesday, April 1st.

Pizza Pizza Royalty Trading Up 1.2 %

The company has a debt-to-equity ratio of 15.72, a quick ratio of 3.03 and a current ratio of 0.19. The firm has a market cap of C$350.34 million, a P/E ratio of 15.04 and a beta of 0.91. The firm has a 50 day simple moving average of C$13.48 and a 200 day simple moving average of C$13.27.

Pizza Pizza Royalty Company Profile

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.