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Pizza Pizza Royalty (TSX:PZA) Dividend Payout Ratio : 0.92 (As of Dec. 2023)


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What is Pizza Pizza Royalty Dividend Payout Ratio?

Pizza Pizza Royalty's dividend payout ratio for the months ended in Dec. 2023 was 0.92.

Warning Sign:

If a company's dividend payout ratio is too high, its dividend may not be sustainable. The dividend payout ratio of Pizza Pizza Royalty Corp is 0.93, which seems too high.

The historical rank and industry rank for Pizza Pizza Royalty's Dividend Payout Ratio or its related term are showing as below:

TSX:PZA' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.85   Med: 0.94   Max: 1.01
Current: 0.93

During the past 13 years, the highest Dividend Payout Ratio of Pizza Pizza Royalty was 1.01. The lowest was 0.85. And the median was 0.94.

TSX:PZA's Dividend Payout Ratio is ranked worse than
84.52% of 155 companies
in the Restaurants industry
Industry Median: 0.38 vs TSX:PZA: 0.93

As of today (2024-04-29), the Dividend Yield % of Pizza Pizza Royalty is 6.72%.

During the past 13 years, the highest Trailing Annual Dividend Yield of Pizza Pizza Royalty was 12.83%. The lowest was 1.19%. And the median was 5.80%.

Pizza Pizza Royalty's Dividends per Share for the months ended in Dec. 2023 was C$0.23.

During the past 12 months, Pizza Pizza Royalty's average Dividends Per Share Growth Rate was 11.30% per year. During the past 3 years, the average Dividends Per Share Growth Rate was 9.60% per year. During the past 5 years, the average Dividends Per Share Growth Rate was -0.30% per year. During the past 10 years, the average Dividends Per Share Growth Rate was -0.40% per year.

During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of Pizza Pizza Royalty was 41.80% per year. The lowest was -9.70% per year. And the median was 0.95% per year.

The growth rate is calculated with least square regression.

For more information regarding to dividend, please check our Dividend Page.

Pizza Pizza Royalty Dividend Payout Ratio Historical Data

The historical data trend for Pizza Pizza Royalty's Dividend Payout Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Pizza Pizza Royalty Dividend Payout Ratio Chart

Pizza Pizza Royalty Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Dividend Payout Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.01 0.90 0.85 0.93 0.93

Pizza Pizza Royalty Quarterly Data
Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Dividend Payout Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.87 0.97 0.92 0.90 0.92

Competitive Comparison of Pizza Pizza Royalty's Dividend Payout Ratio

For the Restaurants subindustry, Pizza Pizza Royalty's Dividend Payout Ratio, along with its competitors' market caps and Dividend Payout Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Pizza Pizza Royalty's Dividend Payout Ratio Distribution in the Restaurants Industry

For the Restaurants industry and Consumer Cyclical sector, Pizza Pizza Royalty's Dividend Payout Ratio distribution charts can be found below:

* The bar in red indicates where Pizza Pizza Royalty's Dividend Payout Ratio falls into.


Pizza Pizza Royalty Dividend Payout Ratio Calculation

Dividend payout ratio measures the percentage of the company's earnings paid out as dividends.

Pizza Pizza Royalty's Dividend Payout Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Dividend Payout Ratio=Dividends per Share (A: Dec. 2023 )/ EPS without NRI (A: Dec. 2023 )
=0.888/ 0.96
=0.93

Pizza Pizza Royalty's Dividend Payout Ratio for the quarter that ended in Dec. 2023 is calculated as

Dividend Payout Ratio=Dividends per Share (Q: Dec. 2023 )/ EPS without NRI (Q: Dec. 2023 )
=0.23/ 0.25
=0.92

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Pizza Pizza Royalty (TSX:PZA) Dividend Payout Ratio Explanation

In dividends investing, Payout Ratio and Dividend Growth Rate are the two most important variables for consideration. A lower payout ratio may indicate that the company has more room to increase its dividends.

Pizza Pizza Royalty Dividend Payout Ratio Related Terms

Thank you for viewing the detailed overview of Pizza Pizza Royalty's Dividend Payout Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.

Pizza Pizza Royalty (TSX:PZA) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Restaurants » Pizza Pizza Royalty Corp (TSX:PZA) » Definitions » Dividend Payout Ratio
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Traded in Other Exchanges
PZRIF:USA
Address
500 Kipling Avenue, Toronto, ON, CAN, M8Z 5E5
Website
https://www.pizzapizza.ca
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. 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. The business activity of the group primarily functions in Canada.