BUSINESS: Parkland Corporation Announces Oct 2021 Dividend

dWeb.News Article from Daniel Webster dWeb.News

dWeb.News Article from Daniel Webster dWeb.News

by Daniel Webster, dWeb.News Publisher

CALGARY, AB, Oct. 13, 2021 /PRNewswire/ – Parkland Corporation (“Parkland”) (TSX: PKI) announces that a dividend of $0. 1029 per share will be paid on November 15, 2021 to shareholders of record on October 22, 2021. For Canadian income tax purposes, the dividend will be considered an ‘eligible dividend. The ex-dividend date is October 21, 2021.

Enhanced Dividend Reinvestment Plan
Parkland’s enhanced Dividend Reinvestment Plan (“Enhanced DRIP”) allows shareholders to reinvest their cash dividends to purchase additional Parkland shares from treasury at a 5% per share discount to the average of the daily volume weighted average trading prices during the Pricing Period. For further 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 prior to the October 21, 2021 ex-dividend date to reinvest this 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 dividends in cash, thereby incrementally raising equity capital which may be used by Parkland to, among other things, fund its capital program, fund acquisitions, build new locations and upgrade existing locations: all of which help contribute to Parkland’s growth and ability to execute on its strategy.

Enrolling
Shareholders who own their shares through a brokerage and who wish to participate in the Enhanced DRIP should ensure they are enrolled by checking their online brokerage portal or by calling their investment advisor.

Shareholders who hold certificates in their own name (registered shareholders) who wish to enroll can find out more from Computershare by calling 1-800-564-6253.

Copies of the Plan and the enrollment form are also available on Parkland’s website at http://www.parkland.ca/en/investors/dividend/.

For investors previously enrolled in the Premium Dividend(tm) component of Parkland’s Dividend Reinvestment Plan, please note this program ended in April 2016 and without further action you are now likely receiving the regular dividend.

Brokerage entitlement and corporate action departments are encouraged to verify that they have elected with Clearing and Depository Services Inc. (“CDS”) the shares that should be included in the enhanced Dividend-Reinvestment Plan.

Forward-Looking Statements
Certain statements contained in this news release constitute forward-looking information and statements (collectively, “forward looking statements”). Forward-looking statements are identified by the use of words like “expect”, “will”, “could”, “would”, “would” and similar expressions in this news release. This news release includes forward-looking statements regarding, among others, Parkland’s use of cash dividends reinvested by shareholders under the Enhanced DRIP.

These forward-looking statements are subject to known and unknown risks and uncertainties that could cause actual results and events to differ materially. These expectations are not guaranteed to be accurate and forward-looking statements in this news release shouldn’t be relied on. These forward-looking statements are made as of the date this news release was issued. Parkland is not required to update or revise forward-looking statements, except as required under securities laws. These forward-looking statements are subject to a variety of risks and uncertainties, including the failure to realize the expected benefits of acquisitions, general market, business and industry conditions, competition by other companies, refining, marketing margins and the ability of suppliers meet commitments. There may also be actions taken by governmental authorities or other regulators such as increases in taxes, changes in environmental regulations and other developments. See also the risks and uncertainties described under the headings “Cautionary Statement 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 Parkland’s Management’s Discussion and Analysis for the most recently completed 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 marketer of fuel and petroleum products and a leading convenience store operator. Parkland services customers across Canada, the United States, the Caribbean region and the Americas through three channels: Retail, Commercial and Wholesale. Parkland maximizes its fuel supply through these three channels. It does this by operating and leveraging an expanding portfolio of supply relationships as well as storage infrastructure. Parkland offers local brands of fuel and convenience stores in its communities.

Parkland creates shareholder value by focusing its proven strategy for organic growth, realizing a supply edge, acquiring prudently and successfully integrating. Our people are at the heart of our strategy. They are also embraced by our company’s values of safety and integrity.

FOR FURTHER INFORMATION

Investor Inquiries

Brad Monaco

Director, Capital Markets

587-997-1447

[email protected]

Media Inquiries

Simon Scott

Director, Corporate Communications

403-956-9272

[email protected]

SOURCE Parkland Corporation

Related Links

www.parkland.ca

For more dWeb.News Business News: https://dweb.news/news-sections/business-news/

The post BUSINESS: Parkland Corporation Announces Oct 2021 Dividend appeared first on dWeb.News dWeb.News from Daniel Webster Publisher dWeb.News – dWeb Local Tech News and Business News

The post BUSINESS: Parkland Corporation Announces Oct 2021 Dividend appeared first on dWeb.News dWeb.News from Daniel Webster Publisher dWeb.News – dWeb Local Tech News and Business News

dWeb.NewsRead More

Similar Posts