Here I am talking about Pizza Pizza royalty corp., which is PZA at TSE.
It is Canadian franchised fast food restaurant.
The interesting thing is it pays monthly dividend. If you are thinking of making passive monthly income, it is a good option to try. According to Google, the dividend yield is 5.02%. It seems good.
It has over 750 locations all over Canada. Most of the Pizza Pizza restaurants are in Ontario..
But, do the same store sales are increasing? I am not sure how to find that out. But, Motley Fool Canada article dated in March 2017 mentions the same store sale of Pizza Pizza has gone up.
With just 64 shares, and an expected dividend of $0.06 per share per month, I hope to increase my dividends from next month onwards.
I am expecting an increase of $46 in my annual dividends with this one stock. That can free about 3 hours of my time!
Wouldn't it be cool to get passive income from Pizza?