Toronto, Ontario, January 21, 2022 - Pizza Pizza Royalty Corp. (the "Company") (TSX: PZA) today announced its monthly cash dividend of $0.06 per share for January 2022.
The dividend will be payable to shareholders of record at the close of business January 31, 2022, and will be paid on February 15, 2022.
For tax purposes, the 2022 dividend will be considered a taxable eligible dividend.
For further information:
Christine D'Sylva, Chief Financial Officer, Pizza Pizza Royalty Corp.(416) 967-1010 x 393 cdsylva@pizzapizza.ca
www.pizzapizza.ca and www.pizza73.com or www.sedar.com.
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Pizza Pizza Royalty Corp. published this content on 24 January 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 24 January 2022 15:53:09 UTC.
Pizza Pizza Royalty Corp., through Pizza Pizza Royalty Limited Partnership (the Partnership), owns the trademarks, trade names and other intellectual property used by Pizza Pizza Limited (PPL) in its Pizza Pizza and Pizza 73 restaurants and in its international franchising business. PPL is a privately held company that provides service and operational support to restaurant operators. Pizza Pizza is a franchise-oriented restaurant business operating primarily in the province of Ontario, in which it leads the pizza quick service restaurant (QSR) segment. Of the 652 Pizza Pizza restaurants, 646 are franchised or licensed, and six are owned and/or managed as corporate restaurants. Of the 652 restaurants, 197 are non-traditional locations which have limited operating hours and a limited menu. There are about 100 Pizza 73 locations operating in the QSR segment, principally in the province of Alberta. The Pizza 73 business also includes a central food distribution center in Edmonton.