Parkland Corporation announces second quarter 2022 dividend

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CALGARY, AB, June 13, 2022 /PRNewswire/ — Parkland Corporation (“Parkland”) (TSX:PKI) announced that it will pay a dividend of $0.3250 per share on July 15, 2022 to its shareholders on July 22, 2022. June 2022 shareholders of record will pay . Be done. The dividend will be a “qualified dividend” for Canadian income tax purposes. The ex-dividend date is June 21, 2022.

Advanced dividend reinvestment plan

Parkland’s Enhanced Dividend Reinvestment Plan (“Enhanced DRIP”) allows shareholders to reinvest their cash dividends to purchase additional Parkland shares from the Treasury at a 2% per share discount from the average daily volume-weighted average trading prices during the Pricing Period. permitted. For more information on the increased DRIP and value period, visit www.parkland.ca/en/investors/dividends.

Shareholders wishing to opt-in to the Enhanced DRIP must do so before June 21, 2022 (ex-dividend date) in order for that month’s dividend to be reinvested in Parkland shares at a discount.

use of money

The expanded DRIP allows Parkland to retain amounts that would otherwise be paid to shareholders as cash dividends, increasing equity that Parkland can use for, among other things, its capital program, the Fund. Acquisitions can be made to build and improve new locations. Existing Sites: All of which contribute to the development of the parkland and the implementation of its strategy.

enrollment

Shareholders who hold their Shares through a broker and wish to participate in the Enhanced DRIP should ensure they are registered by checking their online broker portal or by calling their investment adviser.

Shareholders who hold certificates in their name (registered Shareholders) wishing to enroll may contact ComputerShare at 1-800-564-6253 for further information.

Copies of the plan and registration forms are also available on Parkland’s website

The Brokerage Entitlement and Corporate Action departments are encouraged to ensure that they properly select with Clearing and Depository Services Inc (“CDS”) the stocks required to participate in the Enhanced Dividend Reinvestment Plan.

forward-looking statements

Certain statements in this press release constitute forward-looking information and statements (collectively, “Forward-Looking Statements”). The words “expect”, “will”, “may”, “will”, “in good faith”, “follow” and similar expressions used in this press release are intended to qualify statements as intended. Specifically, this press release contains, among other things, forward-looking statements regarding Parkland’s use of the amount of cash dividends reinvested by shareholders into the enhanced DRIP.

These forward-looking statements involve known and unknown risks, uncertainties and other factors that could cause actual results or events to differ materially from those anticipated in such forward-looking statements. There can be no assurance that these expectations will prove to be correct and undue reliance should not be placed on such forward-looking statements contained in this press release. These forward-looking statements speak only as of the date of this news release. Parkland undertakes 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 a number of risks and uncertainties, including but not limited to: acquisitions, general economic, market and business conditions, industry potential, the anticipated benefits to be achieved through competitors. failure to do so. Actions by other companies, refining and marketing margins, suppliers’ ability to meet commitments, actions by government officials and other regulators, increased taxes, changes and developments in environmental and other regulations, and other factors, many of which are beyond our control. Outside Parkland. See also the risks and uncertainties described in Parkland’s current Annual Information Form under the headings “Cautionary Statements” and “Risk Factors” and “Forward-Looking Information” and “Risks” in a discussion by Parkland’s management. under the headings”. and Analysis for the most recently ended fiscal period, all as filed on SEDAR and available on Parkland’s website at www.parkland.ca.

About Parkland Corporation

Parkland aims to power travel and energize communities. We meet essential needs in our communities by providing our customers with the fuel they depend on, quality food and convenience products, while helping them meet their goals to reduce their environmental footprint. to get help. Through our portfolio of trusted and locally relevant brands, we serve over a million customers daily in Canada, the United States, the Caribbean, and Central and South America.

As well as utilizing our supply and storage capabilities to provide the essential fuel on which our various customers depend; We guide our customers through the energy transition. From EV charging to renewable fuels and solar power to compliance and carbon offset trading, we are at the forefront of helping our customers reduce their environmental impact.

Parkland’s proven strategy focuses on organic growth, our delivery advantage, prudent acquisitions and successful integration. We are focused on growing our existing business in flexible markets, growing and diversifying our retail businesses into grocery, convenience and renewable energy solutions, and helping our commercial customers to decarbonize their operations. Our strategy is based on our values ​​of safety, integrity, community and respect for our employees, which are deeply embedded in our organization.

Source Parkland Corporation

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