Declared Dividend • May 20
Dividend of CA$0.068 announced Shareholders will receive a dividend of CA$0.068. Ex-date: 29th May 2026 Payment date: 15th June 2026 Dividend yield will be 7.2%, which is higher than the industry average of 3.0%. Sustainability & Growth Dividend is not covered by earnings (100% earnings payout ratio) nor is it adequately covered by cash flows (99% cash payout ratio). The dividend has increased by an average of 1.3% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. The company's earnings per share (EPS) would need to grow by 12% to bring the payout ratio under control, which is more than the 4.7% EPS growth achieved over the last 5 years. Announcement • May 17
Pizza Pizza Royalty Corp. Announces May Dividend, Payable on June 15, 2026 Pizza Pizza Royalty Corp. announced an update regarding its business operations and its impact on the monthly dividend. Due to continuing pressure on consumer discretionary spending, softening demand, and a highly competitive promotional environment, System Sales for the Pizza Pizza and Pizza 73 brands have experienced a decline. This decrease in sales has led to a reduction in the Company's royalty income. In response to these market conditions, the Company has announced its monthly dividend will be reduced from $0.0775 per share to $0.0675 per share beginning with the May 2026 dividend. The dividend will be payable to shareholders of record at the close of business on May 29, 2026, and will be paid on June 15, 2026. For tax purposes, the 2026 dividend will be considered a taxable eligible dividend. Reported Earnings • May 06
First quarter 2026 earnings released: EPS: CA$0.22 (vs CA$0.23 in 1Q 2025) First quarter 2026 results: EPS: CA$0.22 (down from CA$0.23 in 1Q 2025). Revenue: CA$9.39m (down 3.5% from 1Q 2025). Net income: CA$7.43m (down 4.5% from 1Q 2025). Profit margin: 79% (in line with 1Q 2025). Revenue is forecast to grow 40% p.a. on average during the next 3 years, compared to a 6.6% growth forecast for the Hospitality industry in Canada. Over the last 3 years on average, earnings per share has remained flat and the company’s share price has also remained flat. 
