Parkland Corporation Announces Exciting New Dividend Payment

Author: Addison Perry Updated: 09-11-2024 05:40 PM

Parkland Corporation Declares Third Quarter Dividend for 2024

Parkland Corporation (TSX: PKI) has recently revealed a dividend payment of $0.35 per share. This payment will occur on a specified date to shareholders who are on record as of a noted cutoff date. The company highlights that this will be classified as an 'eligible dividend' for Canadian income tax purposes, showcasing Parkland's commitment to providing value to its shareholders.

The Importance of Dividends

Dividends are a crucial aspect of shareholder returns, acting as a way for companies to distribute a portion of their profits. Parkland's decision to declare this dividend exemplifies its robust financial health and the continuous effort to reward its investors. For many investors, dividends provide a steady income stream while also reflecting the company's profitability and growth strategy.

Understanding the Dividend Process

To benefit from the dividend, shareholders must ensure they are on record by the specified date. The ex-dividend date, which precedes the payment date, is another key factor. Shareholders who purchase shares after this date will not receive the upcoming dividend, highlighting the importance of timing in stock investments.

Growth and Innovation at Parkland Corporation

Parkland Corporation is an influential player in the fuel distribution and convenience retailing sector. Operating across multiple nations, Parkland serves over a million customers daily through a vast network of retail and commercial outlets. The company focuses on meeting customer needs while also advancing initiatives aimed at reducing environmental impact. This dual focus on customer satisfaction and sustainability positions Parkland well for future growth and market resilience.

Commitment to Sustainability

In alignment with global trends, Parkland is increasingly committed to sustainable practices. This encompasses various initiatives, such as integrating renewable fuels and providing electric vehicle charging solutions. These measures not only enhance customer offerings but also contribute positively to the environment, reflecting Parkland's responsibility as a leading fuel distributor.

Strategic Advantages of Parkland

Parkland's approach is underpinned by its dual strategy: the Customer Advantage and Supply Advantage. The Customer Advantage aims to secure customer loyalty through tailored services, extensive networks, and competitive pricing. Meanwhile, the Supply Advantage cultivates the most efficient operation within the challenging markets in which Parkland operates, leveraging significant scale and logistics prowess.

The Role of Company Values

At the heart of Parkland Corporation's operations are its core values: safety, integrity, community, and respect. These principles guide the company in fostering a supportive culture among its workforce, ultimately leading to better service for customers and sustainable business practices.

Frequently Asked Questions

What is the amount of the declared dividend by Parkland Corporation?

The declared dividend is $0.35 per share.

When will the dividend be paid to shareholders?

The dividend is scheduled to be paid on a specified date to those shareholders on record as of a noted cutoff date.

What is the significance of an 'eligible dividend'?

An 'eligible dividend' is one that qualifies for a special tax rate under Canadian tax regulations, potentially benefiting shareholders.

How does Parkland Corporation contribute to sustainability?

Parkland focuses on renewable fuels, manufacturing, blending, and electric vehicle charging solutions to reduce environmental impact.

What are the key components of Parkland's strategy?

Parkland's strategy is centered on Customer Advantage and Supply Advantage, emphasizing loyalty and efficient service delivery.

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