PZRIF (Pizza Pizza Royalty) Dividend Payout Ratio: 21.13 (As of Mar. 2026) — 2101% Above Median

What is Pizza Pizza Royalty Dividend Payout Ratio?

Pizza Pizza Royalty PZRIF -0.43% 60 Dividend Payout Ratio is 21.13 as of Mar. 2026, which is 2101% above its 10-year median of 0.96. GuruFocus rates PZRIF with a GF Score™ of 60/100 and a GF Value™ of $24.00 (Possible Value Trap). The stock has 5 warning signs investors should review. Among 167 Restaurants companies, Pizza Pizza Royalty ranks worse than 88.62% on this metric.

The Dividend Payout Ratio is the measure of dividends paid out to shareholders relative to the company's net income. It is calculated as the Dividends per Share divided by the Earnings per Share (Diluted) during the same time period. Pizza Pizza Royalty's Dividend Payout Ratio for the months ended in Mar. 2026 was 21.13.

Warning Sign:

If a company's dividend payout ratio is too high, its dividend may not be sustainable. The dividend payout ratio of Pizza Pizza Royalty Corp is 1.29, which seems too high.

The historical rank and industry rank for Pizza Pizza Royalty's Dividend Payout Ratio or its related term are showing as below:

PZRIF' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.85 Med: 0.96 Max: 1.29
Current: 1.29

During the past 13 years, the highest Dividend Payout Ratio of Pizza Pizza Royalty was 1.29. The lowest was 0.85. And the median was 0.96.

PZRIF's Dividend Payout Ratio is ranked worse than
88.62% of 167 companies
in the Restaurants industry
Industry Median: 0.39 vs PZRIF: 1.29

As of today (2026-06-30), the Dividend Yield % of Pizza Pizza Royalty is 7.23%.

During the past 13 years, the highest Trailing Annual Dividend Yield of Pizza Pizza Royalty was 12.83%. The lowest was 4.53%. And the median was 6.04%.

Pizza Pizza Royalty's Dividends per Share for the months ended in Mar. 2026 was $0.17.

During the past 3 years, the average Dividends Per Share Growth Rate was 5.20% per year. During the past 5 years, the average Dividends Per Share Growth Rate was 8.60% per year. During the past 10 years, the average Dividends Per Share Growth Rate was 0.90% per year.

During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of Pizza Pizza Royalty was 41.80% per year. The lowest was -9.70% per year. And the median was 1.60% per year.

The growth rate is calculated with least square regression.

For more information regarding to dividend, please check our Dividend Page.

* Please note that "special dividend" is not included in the calculation of dividend per share and related fields.

Pizza Pizza Royalty (OTCPK:PZRIF) Dividend Payout Ratio Explanation

In dividends investing, Dividend Payout Ratio and Dividend Growth Rate are the two most important variables for consideration. A lower payout ratio may indicate that the company has more room to increase its dividends.

Pizza Pizza Royalty Dividend Payout Ratio Related Terms

Pizza Pizza Royalty Dividend Payout Ratio Historical Data

* Premium members only.

The historical data trend for Pizza Pizza Royalty's Dividend Payout Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Pizza Pizza Royalty Dividend Payout Ratio Chart

Pizza Pizza Royalty Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Dec25

Dividend Payout Ratio

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0.85

0.93

0.99

Pizza Pizza Royalty Quarterly Data
	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25	Jun25	Sep25	Dec25	Mar26
Dividend Payout Ratio	Get a 7-Day Free Trial															27.00	0.97	1.01	0.97	21.13

PZRIF vs MCD, SBUX, YUM: Dividend Payout Ratio Comparison

For the Restaurants subindustry, Pizza Pizza Royalty's Dividend Payout Ratio, along with its competitors' market caps and Dividend Payout Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Pizza Pizza Royalty Dividend Payout Ratio vs Restaurants Industry

For the Restaurants industry and Consumer Cyclical sector, Pizza Pizza Royalty's Dividend Payout Ratio distribution charts can be found below:

* The bar in red indicates where Pizza Pizza Royalty's Dividend Payout Ratio falls into.

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Pizza Pizza Royalty Corp PZRIF

Dividend Payout Ratio is just one metric. See GF Score™, valuation, warning signs, and more.

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Pizza Pizza Royalty Dividend Payout Ratio Calculation

Pizza Pizza Royalty's Dividend Payout Ratio for the fiscal year that ended in Dec. 2025 is calculated as

Dividend Payout Ratio	=	Dividends per Share (A: Dec. 2025 )	/	EPS without NRI (A: Dec. 2025 )
	=	0.674	/	0.681
	=	0.99

Pizza Pizza Royalty's Dividend Payout Ratio for the quarter that ended in Mar. 2026 is calculated as

Dividend Payout Ratio	=	Dividends per Share (Q: Mar. 2026 )	/	EPS without NRI (Q: Mar. 2026 )
	=	0.169	/	0.008
	=	21.13

Frequently Asked Questions Learn more about Dividend Payout Ratio →

What does a Dividend Payout Ratio of 21.13 mean?

Pizza Pizza Royalty (PZRIF) has a Dividend Payout Ratio of 21.13 as of Mar. 2026. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on Pizza Pizza Royalty and its competitors. This is 2101% above median its historical median of 0.96. Over the past decade, Pizza Pizza Royalty's Dividend Payout Ratio has ranged from 0.85 to 1.29. According to the industry distribution chart, Pizza Pizza Royalty ranks #148 out of 167 companies in the Restaurants industry, placing it in the top 88.6%.

Is Pizza Pizza Royalty's Dividend Payout Ratio too high?

Pizza Pizza Royalty's current Dividend Payout Ratio of 21.13 is 2101% above median its 10-year median of 0.96. Over the past 10 years, this metric has ranged from a low of 0.85 to a high of 1.29. The Restaurants industry median Dividend Payout Ratio is 0.39. Pizza Pizza Royalty's value of 21.13 is 5317.9% above this industry median. Based on the distribution chart, Pizza Pizza Royalty ranks #148 out of 167 companies in the Restaurants industry, which is in the bottom quartile relative to peers. Overall, Pizza Pizza Royalty has a GF Score™ of 60/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.

How does Pizza Pizza Royalty's Dividend Payout Ratio compare to MCD and SBUX?

According to the Restaurants industry distribution chart, Pizza Pizza Royalty ranks #148 out of 167 companies for Dividend Payout Ratio. This places Pizza Pizza Royalty in the lower half of its industry. The industry median Dividend Payout Ratio is 0.39. Pizza Pizza Royalty's value of 21.13 is 5317.9% above this benchmark. Historically, Pizza Pizza Royalty's own Dividend Payout Ratio has ranged from 0.85 to 1.29 over the past decade. While the company's 10-year median is 0.96 vs. the industry median of 0.39, Pizza Pizza Royalty has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.

What is a good Dividend Payout Ratio for a Restaurants company?

The median Dividend Payout Ratio among Restaurants companies is 0.39, based on 167 companies in the industry. Companies in the top quartile (top 25%) have a Dividend Payout Ratio significantly above this median, while those in the bottom quartile fall well below. However, Dividend Payout Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Pizza Pizza Royalty's current Dividend Payout Ratio of 21.13 is 5317.9% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.

What does a high Dividend Payout Ratio mean?

A high Dividend Payout Ratio can signal that a stock is expensive relative to its fundamentals. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on Pizza Pizza Royalty and its competitors. For the Restaurants industry, the median Dividend Payout Ratio is 0.39 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Pizza Pizza Royalty's current Dividend Payout Ratio is 21.13, which is 2101% above median its own 10-year median of 0.96. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Pizza Pizza Royalty stock overvalued right now?

Based on GuruFocus' analysis, Pizza Pizza Royalty (PZRIF) is currently considered Possible Value Trap. The stock's GF Value™ is $24.00, compared to a current price of $9.21 — trading 61.6% below its estimated fair value. The current Dividend Payout Ratio is 21.13, which is 2101% above median its 10-year median of 0.96 and 5317.9% above the Restaurants industry median of 0.39. Pizza Pizza Royalty's overall GF Score™ is 60/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.

How is Dividend Payout Ratio calculated?

Dividend Payout Ratio is calculated from a company's financial statements. For Pizza Pizza Royalty (PZRIF), the current Dividend Payout Ratio is 21.13 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Pizza Pizza Royalty (PZRIF) Overvalued in 2026?

Based on GuruFocus' analysis, Pizza Pizza Royalty stock appears to be undervalued. The current stock price of $9.21 is trading 61.6% below its estimated GF Value™ of $24.00. GuruFocus considers Pizza Pizza Royalty to be Possible Value Trap.

Key valuation signals for PZRIF:

Dividend Payout Ratio: 21.13 (2101% above median its 10-year median of 0.96)
GF Value™: $24.00 vs. price of $9.21 (61.6% below fair value)
GF Score™: 60/100 with 5 warning signs
Industry Position: 5317.9% above the Restaurants median (#148 of 167)

No single metric tells the full story. See the PZRIF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Pizza Pizza Royalty Business Description

Industry Consumer Cyclical Restaurants

Comparable Companies TSX:BPF.UN TSX:SRV.UN TSX:AW TSX:AEG TSX:MTY TSXV:BRED MCD SBUX LSE:CPG YUM CMG TSX:QSR DRI TSX:QSP.UN YUMC TXRH DPZ BROS CAVA LKNCY

Other Exchanges 3IA:Germany PZA:Canada

Address 500 Kipling Avenue, Toronto, ON, CAN, M8Z 5E5

Website https://www.pizzapizza.ca

Pizza Pizza Royalty Corp through its subsidiary, Pizza Pizza Royalty Limited Partnership, owns and franchises quick-service restaurants under the Pizza Pizza and Pizza 73 brands. It receives the benefit of Pizza Pizza Royalty and Pizza 73 Royalty payable by PPL under the Pizza Pizza Licence and Royalty Agreement and the Pizza 73 Licence and Royalty Agreement, respectively, as well as royalty payments under the international agreement, indirectly through its interests in the partnership.

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$9.21

Price

$24.00

GF Value

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