Parkland Corporation announces June 2021 dividend
CALGARY, Alberta, June 11, 2021 (GLOBE NEWSWIRE) – Parkland Corporation (“Parkland”) (TSX: PKI) announces that a dividend of $ 0.1029 per share will be paid on July 15, 2021 to shareholders of record on June 22, 2021 The dividend will be an “eligible dividend” for Canadian income tax purposes. The ex-dividend date is June 21, 2021.
Enhanced Dividend Reinvestment Plan
Parkland’s Enhanced Dividend Reinvestment Plan (“Enhanced RAD”) allows shareholders to reinvest their dividends in cash to purchase additional Parkland shares from cash at a 5% per share discount from the weighted average price. by daily volume during the pricing period. For more details on the enhanced DRIP and the pricing period, please visit www.parkland.ca/en/investors/dividends.
Shareholders who wish to enroll in the enhanced DRIP must do so before the ex-dividend date of June 21, 2021 to reinvest that month’s dividend in Parkland shares at a discount.
Use of funds
The enhanced DRIP allows Parkland to retain amounts that would otherwise be paid to shareholders as cash dividends, thereby gradually raising equity that can be used by Parkland to, among other things, fund its investment program, fund acquisitions , build new locations and modernize existing locations: all of which contribute to Parkland’s growth and its ability to execute its strategy.
Shareholders who hold their shares through a brokerage firm and wish to participate in the Enhanced DRIP should ensure that they are registered by visiting their online brokerage portal or calling their investment advisor.
Shareholders who hold certificates in their name (registered shareholders) who wish to register can learn more from Computershare by calling 1-800-564-6253.
Copies of the Plan and Enrollment Form are also available on Parkland’s website at http://www.parkland.ca/en/investors/dividend/.
For investors previously enrolled in the Prime Dividend ™ component of Parkland’s Dividend Reinvestment Plan, please note that this program ended in April 2016 and without further action you will likely now receive the regular dividend.
The Brokerage Rights and Securities Transactions departments are encouraged to ensure that they have correctly chosen with Clearing and Depository Services Inc. (“CDS”) which stocks should participate in the enhanced dividend reinvestment plan.
Certain statements contained in this press release constitute forward-looking information and statements (collectively, “forward-looking statements”). When used in this press release, the words “expect”, “” ” ” ” ” ” ” ” ” ” ” ” ” ‘ ” ” ” ‘), “‘ – ”, forward-looking statements. In particular, this press release contains forward-looking statements concerning, among other things, the use by Parkland of the amount of cash dividends that are reinvested by shareholders in the enhanced RRD.
These forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements. No assurance can be given that these expectations will prove to be correct and the forward-looking statements included in this press release should not be improperly relied upon. These forward-looking statements speak only as of the date of this press release. Parkland assumes no obligation to publicly update or revise any forward-looking statements, except as required by securities laws. Actual results could differ materially from those anticipated in these forward-looking statements due to numerous risks and uncertainties, including, but not limited to: failure to obtain the expected benefits from acquisitions, general economic conditions, market and business capacity, industry capacity, competition from other companies, refining and marketing margins, ability of suppliers to meet their commitments, actions of government authorities and other regulators , including tax increases, changes and developments in environmental and other regulations, and other factors, many of which are beyond the control of Parkland. See also the risks and uncertainties described under the headings “Caution regarding forward-looking information” and “Risk factors” in Parkland’s current annual information form, and under the headings “Forward-looking information” and “Risk factors” in the report. Parkland Management. and Analysis for the most recent financial period, each as filed on SEDAR and available on Parkland’s website at www.parkland.ca.
About Parkland Corporation
Parkland is an independent supplier and distributor of fuels and petroleum products and a leading operator of convenience stores. Parkland serves customers across Canada, the United States, the Caribbean region and the Americas through three channels: retail, commercial and wholesale. Parkland is optimizing its fuel supply across all three channels by operating and leveraging a growing portfolio of supply relationships and storage infrastructure. Parkland offers reliable and locally relevant fuel brands and convenience store offerings in the communities it serves.
Parkland creates shareholder value by focusing on its proven strategy of organic growth, realizing a sourcing advantage and prudent acquisition and successful integration. At the heart of our strategy are our people, as well as our values of safety, integrity, community and respect, which are adopted throughout our organization.
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