Park Lawn Corporation Announces First Quarter 2023 Dividend

Rhea-AI Summary

Park Lawn Corporation announced a quarterly dividend of $0.114 per share, payable on April 17, 2023, to shareholders of record as of March 31, 2023. Eligible shareholders can reinvest dividends through the Dividend Reinvestment Plan (DRIP), which offers shares at a 3% discount from the average trading price over the prior five business days. Shareholders must enroll by submitting a form to the TSX Trust Company by 3:00 pm EDT on the fifth business day before the record date. Park Lawn operates in three Canadian provinces and twenty U.S. states, providing services related to memorialization.

Positive

• Quarterly dividend of $0.114 per share signifies ongoing shareholder returns.
• Dividend Reinvestment Plan allows shareholders to purchase additional shares at a 3% discount, enhancing long-term value.

Negative

• None.

TORONTO, ON / ACCESSWIRE / March 24, 2023 / Park Lawn Corporation (TSX:PLC, PLC.U) ("PLC") announced today that the quarterly dividend of $0.114 per share will be payable on April 17, 2023 to shareholders of record as at March 31, 2023.

PLC offers a Dividend Reinvestment Plan ("DRIP") which allows eligible shareholders of PLC to reinvest their cash dividends into additional common shares of PLC, which will be issued from treasury (or purchased on the open market) on the applicable dividend payment date. If common shares are issued from treasury, the price at which such common shares are issued will be the volume weighted trading price of PLC's common shares over the five business days immediately preceding such dividend payment date less a discount, if any, of up to 5%, at PLC's election. PLC has set the current discount for purchases under the DRIP at 3%. PLC may, subject to the terms of the DRIP, alter or eliminate any discount at any time.

An eligible shareholder may enroll in the DRIP by completing an enrollment form and returning it to TSX Trust Company (the "Administrator"). A completed enrollment form must be received by the Administrator no later than 3:00 pm EDT on the fifth business day immediately preceding the relevant dividend record date in order to take effect on the dividend payment date to which that dividend record date relates.

The full text of the DRIP and an enrollment form are available on PLC's website at www.parklawncorp.com. Shareholders should carefully read the complete text of the DRIP before making any decisions regarding their participation in the DRIP. Beneficial shareholders who hold their shares through a nominee and who wish to participate in the DRIP should contact their nominee to enquire about enrollment.

About PLC

PLC provides goods and services associated with the disposition and memorialization of human remains. Products and services are sold on a pre-planned basis (pre-need) or at the time of a death (at-need). PLC and its subsidiaries own and operate businesses including cemeteries, crematoria, funeral homes, chapels, planning offices and a transfer service. PLC operates in three Canadian provinces and twenty U.S. states.

Contact Information

Daniel Millett
Chief Financial Officer
(416) 231-1462 ext. 221

SOURCE: Park Lawn Corporation

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https://www.accesswire.com/744642/Park-Lawn-Corporation-Announces-First-Quarter-2023-Dividend

FAQ

What is the dividend amount for Park Lawn Corporation (PRRWF)?

The dividend amount is $0.114 per share.

When is the dividend payment date for PRRWF?

The dividend payment date is April 17, 2023.

What is the record date for the dividend of PRRWF?

The record date for the dividend is March 31, 2023.

How can I participate in the Dividend Reinvestment Plan for PRRWF?

Eligible shareholders can participate by completing an enrollment form and submitting it to TSX Trust Company before the specified deadline.

Is there a discount for the Dividend Reinvestment Plan of PRRWF?

Yes, there is a 3% discount on shares purchased through the DRIP.