Parkland Corporation Announces First Quarter 2023 Dividend

Rhea-AI Summary

Parkland Corporation (TSX: PKI) announced a dividend of $0.34 per share, to be paid on April 14, 2023, for shareholders of record by March 22, 2023. The ex-dividend date is set for March 21, 2023. This dividend qualifies as an 'eligible dividend' for Canadian income tax purposes, reflecting Parkland's commitment to returning value to its shareholders. The company's extensive operations span 25 countries, with approximately 4,000 retail locations across Canada, the U.S., and the Caribbean, highlighting its significant market presence and strategic growth initiatives.

Positive

• Declared a dividend of $0.34 per share, affirming commitment to shareholder returns.
• Dividend payment scheduled for April 14, 2023, showing financial stability.

Negative

• None.

CALGARY, AB, March 13, 2023 /PRNewswire/ - Parkland Corporation ("Parkland") (TSX: PKI) announces that a dividend of $0.34 per share will be paid on April 14, 2023 to shareholders of record on March 22, 2023. The dividend will be an 'eligible dividend' for Canadian income tax purposes. The ex-dividend date is March 21, 2023.

Forward-Looking Statements

Certain statements contained in this news release constitute forward-looking information and statements (collectively, "forward looking statements"). When used in this news release, the words "expect'', ''will'', ''could'', ''would'', ''pursue'' and similar expressions are intended to identify forward-looking statements.

These 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 such forward-looking statements included in this news release should not be unduly relied upon. These forward-looking statements speak only as of the date of this news release. Parkland does not undertake any obligations 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 as a result of numerous risks, assumptions and uncertainties including, but not limited to: general economic, market and business conditions; Parkland's ability to execute its business strategy, including without limitation, Parkland's ability to successfully integrate acquisitions, capture synergies, successfully implement organic growth initiatives and to finance such acquisitions and initiatives on reasonable terms; industry capacity; competitive action by other companies; refining and marketing margins; the ability of suppliers to meet commitments; actions by governmental authorities and other regulators including but not limited to increases in taxes; 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 "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. The forward-looking statements contained in this news release are expressly qualified by this cautionary statement.

About Parkland Corporation

Parkland is an international fuel distributor and retailer with operations in 25 countries. Our purpose is to Power Journeys and Energize Communities, and every day, we provide over one million customers with the essential fuels, convenience items and quality foods on which they depend.

With approximately 4,000 retail and commercial locations across Canada, the United States, and the Caribbean region, we have developed supply, distribution, and trading capabilities to accelerate growth and business performance. In addition to meeting our customers' needs for essential fuels, we provide a range of choices to help them lower their environmental impact. These include carbon and renewables trading, solar power, renewables manufacturing and ultrafast Electric Vehicle charging.  

Our proven business model is centered around organic growth, our supply advantage, driven by scale and our integrated refinery and supply infrastructure, acquiring prudently, and integrating successfully. Our strategy is focused on developing our existing business in resilient markets, growing our food, convenience, and renewable energy businesses, and helping customers to decarbonize. Our business is underpinned by our people, and our values; safety, integrity, community, and respect, which are deeply embedded across our organization.

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SOURCE Parkland Corporation

FAQ

What is the dividend amount for Parkland Corporation (PKI)?

Parkland Corporation announced a dividend of $0.34 per share.

When will Parkland Corporation's dividend be paid?

The dividend will be paid on April 14, 2023.

What is the record date for Parkland Corporation's dividend?

The record date for the dividend is March 22, 2023.

What is the ex-dividend date for Parkland Corporation's dividend?

The ex-dividend date is March 21, 2023.

Is the dividend from Parkland Corporation eligible for Canadian tax purposes?

Yes, the dividend is classified as an 'eligible dividend' for Canadian income tax purposes.