Parkland Corporation Announces Upcoming Dividend Payment Details

Parkland Corporation Announces Upcoming Dividend Payment

Parkland Corporation (TSX: PKI) has announced an important development for its shareholders regarding the next dividend payment. A notable dividend of $0.35 per share is scheduled to be distributed. This payment is set for October 15, and it is essential for shareholders to keep this date in mind, particularly those who are on record as of September 20.

Understanding the Dividend Process

The concept of dividends can sometimes be complex. However, dividends serve as a critical way for companies to share their profits with their shareholders. In this case, the dividend declared by Parkland Corporation is recognized as an 'eligible dividend' applicable under Canadian income tax rules. This classification generally offers favorable tax treatment for Canadian taxpayers, making it a valuable aspect of holding Parkland shares.

Parkland Corporation's Operational Footprint

Parkland Corporation is a globally recognized fuel distributor and convenience retailer, with operations that span across 26 countries in the Americas. The company has carved a niche in the market, servicing over a million customers daily. Its extensive retail network is designed to cater to the fuel and convenience needs of everyday consumers, enabling them to access essential services with ease.

Meeting Diverse Consumer Needs

Beyond just providing fuel, Parkland is dedicated to meeting the ever-evolving needs of its customers. This includes delivering industrial fuels for commercial enterprises, enabling businesses to function effectively and cater to their client base. Furthermore, Parkland is aggressively focusing on reducing environmental impacts through initiatives such as sourcing renewable fuels, manufacturing, and sustainable practices in its operations.

Strategic Pillars Supporting Growth

The success of Parkland Corporation can be largely attributed to its strategic focus on two main pillars: Customer Advantage and Supply Advantage. The Customer Advantage program aims to develop loyalty among consumers by offering tailored brands, competitive pricing, and a broad selection of services. This strategy is supported by a well-established loyalty program that encourages repeat customers.

Building Supply Advantage

On the other side, the Supply Advantage focuses on maintaining a robust supply chain while minimizing operational costs. Parkland is committed to achieving the best cost of service among independent fuel marketers in challenging markets. This competitive edge is achieved through a network of well-positioned facilities, significant scalability, and comprehensive supply and logistics capabilities.

Core Values Driving Parkland Corporation

At the heart of Parkland’s operations are its dedicated employees and the core values that guide the organization. Safety, integrity, community, and respect form the foundational principles of Parkland Corporation. These values not only enhance the work environment but also ensure that the company remains accountable to its customers and stakeholders alike.

Frequently Asked Questions

What is the dividend amount announced by Parkland Corporation?

The announced dividend is $0.35 per share.

When is the dividend payment expected?

Shareholders can expect the dividend payment on October 15.

How can I participate in the dividend payment?

To receive the dividend, you must be a shareholder on record by September 20.

What distinguishes Parkland Corporation in the fuel distribution sector?

Parkland Corporation stands out due to its extensive network and commitment to renewable practices while serving a large customer base.

What are the core values of Parkland Corporation?

Safety, integrity, community, and respect are the core values that guide Parkland Corporation and its operations.

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