TORONTO, ONTARIO--(Marketwired - Jan. 16, 2014) -
Attention Business Editors:
Pizza Pizza Royalty Corp. (TSX:PZA) today announced a 2.6% increase in its monthly dividend which will be effective beginning with the January 2014 dividend.
On an annualized basis, the dividend will increase from $0.78 to $0.8004 per share.
For the period January 1 to January 31, the dividend per share will increase to $0.0667 from $0.065 and will be payable February 14, 2014 to shareholders of record at the close of business on January 31, 2014.
For tax purposes, the 2014 dividend will be considered a taxable eligible dividend.