Over a bit more than two years ago, while the world was still “normal”, Pizza Pizza Royalty Corp was discussed on this blog. After a quick dip and the reduction of the dividend, the company has rebounded strongly.
Although generally higher recent volatility, Pizza Pizza’s stock price increased further, supported by good news to increase the dividend and solid operational progress.
The stock price has come close to fair value and especially due to the big drop of many other stocks, it seems like there may be better ways to deploy capital and this position can be reduced or sold altogether.
Compared to the stock price in January 2020, a capital gain of C$3.45 and dividends of C$1.47 per share resulted in a total gross return of 49%!
Current Price
C$13.42
