Park Lawn Corporation Announces Third Quarter 2022 Dividend

Rhea-AI Summary

Park Lawn Corporation announces a quarterly dividend of $0.114 per share, payable on October 17, 2022, for shareholders on record as of September 30, 2022. The company offers a Dividend Reinvestment Plan (DRIP), allowing eligible shareholders to reinvest dividends into additional common shares at a 3% discount from the volume-weighted trading price preceding the payment date. The DRIP enrollment must be completed by 3:00 pm EDT on the fifth business day before the record date. Full details are available on PLC's website.

Positive

• Quarterly dividend of $0.114 per share enhances shareholder income.
• Dividend Reinvestment Plan (DRIP) encourages reinvestment and potential growth.

Negative

• None.

TORONTO, ON / ACCESSWIRE / September 23, 2022 / Park Lawn Corporation (TSX:PLC, PLC.U) ("PLC") announced today that the quarterly dividend of $0.114 per share will be payable on October 17, 2022 to shareholders of record as at September 30, 2022.

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 seventeen 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/716591/Park-Lawn-Corporation-Announces-Third-Quarter-2022-Dividend

FAQ

What is the dividend payment date for PRRWF?

The dividend payment date for PRRWF is October 17, 2022.

How much is the quarterly dividend for PRRWF?

The quarterly dividend for PRRWF is $0.114 per share.

What is the current discount for the DRIP of PRRWF?

The current discount for the DRIP of PRRWF is set at 3%.

When is the record date for the dividend of PRRWF?

The record date for the dividend of PRRWF is September 30, 2022.

How can shareholders enroll in the DRIP for PRRWF?

Shareholders can enroll in the DRIP for PRRWF by completing an enrollment form and submitting it to TSX Trust Company by 3:00 pm EDT on the fifth business day before the record date.