A recent stock purchase of mine, I added to my previous 140 shares of Pizza Pizza Royalty Corp with an additional 115 shares. At the time of purchase the shares were trading at $15.82, and as of writing on August 28th, 2017 at $16.36. (yay) The stock pays a consistently growing monthly dividend of $0.0713, which was a dividend yield of about 5.4% at the time of purchase. And adds $8.2 monthly and $98.4 annually. I am definitely happy to be getting a slice of that pizza pie!
With a new total of 255 shares of PZA, my new monthly income from the holding is $18.18, which is enough to buy a full share per month, and I am intending to get this stock, as well as a couple others that i hold to start DRIP'ing. The new average cost per share is $14.86 and dividend yield on cost 5.76%.
About Pizza Pizza from Google Finance:
Pizza Pizza Royalty Corp. owns the trademarks and trade names used by Pizza Pizza Limited (PPL) in its Pizza Pizza and Pizza 73 restaurants. PPL operates its Pizza Pizza Restaurants as franchise oriented restaurants and Pizza 73 Restaurants are owned, and operated as independent businesses. It operates through receipt of royalty income from the ownership of the Pizza Pizza and Pizza 73 Rights and Marks segment. Pizza Pizza is a franchise-oriented restaurant business operating in the province of Ontario in which it dominates the pizza quick service restaurant (QSR) segment. Pizza Pizza Restaurants operate in Ontario, Quebec, Saskatchewan, Manitoba and Nova Scotia. There are approximately 100 Pizza 73 locations operating in the QSR segment, in the province of Alberta. Pizza 73 has over five traditional locations outside of Alberta; approximately three in Saskatchewan, and over two in British Columbia. The Pizza 73 business also includes over two central food distribution centers.
Nice wisp. I was debating pizza pizza awhile ago and noticed it at 17 bucks so didnt. Seems you got it at a good price. Definally drip. I love dripping my stocks!
ReplyDeleteYeah it had really spiked up in price for a while there, but had a nice pull back that I was happy to have been able to buy some more on. And yup, I mailed the DRIP form in this week, so maybe it will work for september, but might have been too late. I'll be happy to see that extra share and 7cents dividend every month :)
DeleteDon't know much about this company though I have seen it in quite a few Canadian portfolios. Keep building and dripping.
ReplyDeleteIts a lesser known stock holding for sure, mainly due to its smaller market cap i think. But its a fairly well known pizza place throughout Ontario and Canada. And its been steadily growing the business and expanding, as well as raising its monthly distribution once or twice a year.
DeleteI think it is good to DRIP it at these levels. The price will stay low with the struggling Alberta economy. Lots of Pizza 73 restaurants in Alberta are being effected.
ReplyDeleteI think the dividend is safe but it might be awhile before they increase it.
Yup, and easy DRIP and I agree that the price is pretty good where it is. Growth was a bit slower in Alerbta iirc from the last quarterly report, but i think pizza is still on the less expensive end of eating when ordering/grabbing fast food. Ex. ordering Pizza vs ordering swiss chalet or eating at a restaurant. So for that reason I think it has some insulation from a slow down there.
DeleteHopefully their continuing expansion into Quebec while help to drive revenue to keep those dividend increases going.
New company for me,thats a quite a few shares in the company
ReplyDeleteCongrats on buying more shares. Pretty impressive yield.
ReplyDeleteThanks. It does have a pretty good yield on that monthly payout for sure. And the stock has good potential for growth as well.
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