Parkland Corporation's Upcoming Dividend Payment Explained

Parkland Corporation Announces Dividend for Shareholders

Parkland Corporation (TSX: PKI) has recently declared a noteworthy dividend payment of $0.35 per share. Scheduled for disbursement on January 15, 2025, this dividend demonstrates Parkland's commitment to returning value to its shareholders. The record date for this dividend is set for December 20, 2024. The dividend qualifies as an eligible dividend under Canadian income tax regulations, ensuring that shareholders benefit from favorable tax treatment.

Understanding Parkland Corporation

Parkland Corporation has established itself as a significant player in fuel distribution and retailing. As a prominent international company, it operates extensively across the Americas, servicing over one million customers daily. The company’s vast retail network provides essential fuel and convenience products, while its commercial operations cater to businesses with industrial fuel needs. Parkland is dedicated to minimizing environmental impacts through diverse renewable energy initiatives.

The Company's Extensive Reach

With around 4,000 retail and commercial locations in Canada, the United States, and the Caribbean, Parkland has crafted robust supply and distribution networks. This comprehensive infrastructure allows the company to meet consumer and business demands effectively, fostering growth and operational performance.

Commitment to Sustainability

In alignment with contemporary environmental standards, Parkland Corporation actively engages in renewable fuel sourcing, manufacturing, and blending. They are pioneers in the carbon and renewables trading space, as well as solar energy initiatives and ultra-fast EV charging solutions. This commitment not only supports their customer base but also sets an example of corporate responsibility in the energy sector.

Strategies for Customer and Supply Advantages

Parkland's business strategy is built around two key pillars: Customer Advantage and Supply Advantage. The Customer Advantage strategy is designed to make Parkland the go-to choice for customers by fostering loyalty through proprietary products and a vast service network. By offering competitive pricing, reliable service, and a robust loyalty program, they ensure a superior customer experience.

Supply Chain Excellence

Parkland's Supply Advantage focuses on maintaining low operating costs among independent fuel distributors. Their well-placed assets, extensive scale, and comprehensive logistics capabilities solidify their position in challenging markets. This strategic approach allows Parkland to deliver on its promise of providing essential fuel products while sustaining competitive pricing.

Core Values Shaping the Organization

The operational values of Parkland Corporation revolve around safety, integrity, community, and respect. All these principles are interwoven into the fabric of the company culture, fostering a positive environment for both employees and customers.

Looking Ahead

As Parkland Corporation prepares for its upcoming dividend payment, it reflects its dedication to enhancing shareholder value. The strategies employed in serving its extensive customer base and operational markets demonstrate the company's growth potential in an evolving industry landscape.

Frequently Asked Questions

What is the amount of Parkland Corporation's announced dividend?

The announced dividend is $0.35 per share for shareholders.

When will the dividend be paid?

The dividend will be distributed on January 15, 2025, to shareholders recorded by December 20, 2024.

What industries does Parkland Corporation operate in?

Parkland Corporation operates in fuel distribution and marketing, serving both retail and commercial customers across the Americas.

How does Parkland promote sustainability?

Parkland focuses on renewable fuels and offers solutions like carbon trading and ultra-fast EV charging to support environmental sustainability.

What are the core values of Parkland Corporation?

Parkland values safety, integrity, community, and respect in its operations, shaping its corporate culture and customer relations.

About Investors Hangout

Investors Hangout is a leading online stock forum for financial discussion and learning, offering a wide range of free tools and resources. It draws in traders of all levels, who exchange market knowledge, investigate trading tactics, and keep an eye on industry developments in real time. Featuring financial articles, stock message boards, quotes, charts, company profiles, and live news updates. Through cooperative learning and a wealth of informational resources, it helps users from novices creating their first portfolios to experts honing their techniques. Join Investors Hangout today: https://investorshangout.com/

Disclaimer: The content of this article is solely for general informational purposes only; it does not represent legal, financial, or investment advice. Investors Hangout does not offer financial advice; the author is not a licensed financial advisor. Consult a qualified advisor before making any financial or investment decisions based on this article. The author's interpretation of publicly available data shapes the opinions presented here; as a result, they should not be taken as advice to purchase, sell, or hold any securities mentioned or any other investments. The author does not guarantee the accuracy, completeness, or timeliness of any material, providing it "as is." Information and market conditions may change; past performance is not indicative of future outcomes. If any of the material offered here is inaccurate, please contact us for corrections.