Pizza Pizza Royalty Sets October Dividend at $0.0675 Per Share

Pizza Pizza Royalty Corp. declared a $0.0675-per-share monthly dividend for October, keeping its reduced payout in place as it sets the next payment and prepares to report third-quarter results.

Shareholders of record at the close of business Oct. 30 are due to receive payment Nov. 13. The company plans to release results for the quarter ended Sept. 30 after market close Nov. 2, followed by a management call at 5:30 p.m. ET.

The October dividend matches the monthly rate set in May, when Pizza Pizza Royalty cut its payout from $0.0775 per share. The company linked the cut to weaker restaurant sales and royalty income, citing strained consumer spending and tougher promotional competition. Its royalty income comes from restaurants operating under the Pizza Pizza and Pizza 73 brands.