Pizza Pizza Royalty (TSE:PZA) Stock Price Up 0.5% – Here’s Why

Shares of Pizza Pizza Royalty Corp. (TSE:PZA) were up 0.5% during trading on Wednesday . The stock traded as high as C$13.27 and last traded at C$13.27. Approximately 55,778 shares changed hands during mid-day trading, an increase of 40% from the average daily volume of 39,738 shares. The stock had previously closed at C$13.21.

Pizza Pizza Royalty Stock Performance

The company has a market capitalization of C$324.00 million, a P/E ratio of 13.43 and a beta of 0.91. The business has a 50 day moving average of C$13.31 and a 200 day moving average of C$13.15. The company has a quick ratio of 3.03, a current ratio of 0.20 and a debt-to-equity ratio of 15.66.

Pizza Pizza Royalty Dividend Announcement

The business also recently announced a monthly dividend, which was paid on Friday, November 15th. Stockholders of record on Thursday, October 31st were issued a $0.078 dividend. This represents a $0.94 dividend on an annualized basis and a dividend yield of 7.11%. The ex-dividend date was Thursday, October 31st. Pizza Pizza Royalty’s dividend payout ratio (DPR) is 94.90%.

About Pizza Pizza Royalty

Pizza Pizza Royalty Corp., through its subsidiary, Pizza Pizza Royalty Limited Partnership, owns and franchises quick service restaurants under the Pizza Pizza and Pizza 73 brands in Canada. The company was founded in 1967 and is headquartered in Toronto, Canada.