Canada markets closed

Parkland Corporation (PKI.TO)

Toronto - Toronto Real Time Price. Currency in CAD
Add to watchlist
39.17-0.28 (-0.71%)
At close: 4:00PM EDT
Full screen
Previous Close39.45
Open39.53
Bid39.18 x 0
Ask39.20 x 0
Day's Range39.03 - 39.72
52 Week Range26.70 - 45.10
Volume223,747
Avg. Volume397,790
Market Cap5.878B
Beta (5Y Monthly)1.69
PE Ratio (TTM)72.54
EPS (TTM)0.54
Earnings DateMay 04, 2021 - May 10, 2021
Forward Dividend & Yield1.23 (3.15%)
Ex-Dividend DateApr. 21, 2021
1y Target Est38.87
  • Parkland announces date of 2021 first quarter results and virtual Annual General Meeting
    GlobeNewswire

    Parkland announces date of 2021 first quarter results and virtual Annual General Meeting

    CALGARY, Alberta, April 15, 2021 (GLOBE NEWSWIRE) -- Parkland Corporation (“Parkland”) (TSX:PKI) expects to announce its 2021 first quarter results after markets close on Monday, May 3, 2021. A conference call and webcast will then be held at 6:30 a.m. MDT (8:30 a.m. EDT) on Tuesday, May 4, 2021, to discuss the results. To listen to the live webcast and watch the presentation, please use the following link:https://produceredition.webcasts.com/starthere.jsp?ei=1450915&tp_key=c49f8f1250 Analysts and institutional investors interested in participating in the question and answer session of the conference call may do so by calling 1-888-390-0605 (toll-free) (Conference ID: 83343797). Please connect and log in approximately 10 minutes before the beginning of the call. The webcast will be available for replay two hours after the conference call ends at the link above. It will remain available for one year and will also be posted to www.parkland.ca. Financial Statements and Management's Discussion and Analysis will be posted to www.parkland.ca and SEDAR after the results are released. Virtual Annual General MeetingParkland will hold its 2021 Annual General Meeting of shareholders in a virtual-only format. The virtual-only meeting will be conducted via live audio webcast online on Tuesday, May 4, 2021, at 9:00 a.m. MDT (11:00 a.m. EDT). All Shareholders will be able to attend the live virtual meeting. Information for shareholders is posted in Parkland's Management Information Circular available at www.parkland.ca and under Parkland's profile at www.sedar.com. About ParklandParkland is an independent supplier and marketer of fuel and petroleum products and a leading convenience store operator. Parkland services customers across Canada, the United States, the Caribbean region and the Americas through three channels: Retail, Commercial and Wholesale. Parkland optimizes its fuel supply across these three channels by operating and leveraging a growing portfolio of supply relationships and storage infrastructure. Parkland provides trusted and locally relevant fuel brands and convenience store offerings in the communities it serves. Parkland creates value for shareholders by focusing on its proven strategy of growing organically, realizing a supply advantage and acquiring prudently and integrating successfully. At the core of our strategy are our people, as well as our values of safety, integrity, community and respect, which are embraced across our organization. For Further Information Investor InquiriesBrad MonacoDirector, Capital Markets587-997-1447Brad.Monaco@parkland.caMedia InquiriesLeroy McKinnonSenior Specialist, Corporate Communications403-567-2573Leroy.McKinnon@parkland.ca To sign up for Parkland news alerts, please go to https://goo.gl/mNY2zj or visit www.parkland.ca.

  • Parkland Corporation Announces Completion of Conrad & Bischoff Inc. Acquisition and April 2021 Dividend
    GlobeNewswire

    Parkland Corporation Announces Completion of Conrad & Bischoff Inc. Acquisition and April 2021 Dividend

    CALGARY, Alberta, April 13, 2021 (GLOBE NEWSWIRE) -- Parkland Corporation (“Parkland”) (TSX:PKI) announces that through its wholly owned U.S. subsidiaries (collectively, "Parkland USA"), it has completed the previously announced acquisition of Conrad & Bischoff Inc. and its related companies (collectively, “C&B”). C&B is a well-established retail, commercial, wholesale and lubricants business and establishes Parkland’s fourth U.S. Regional Operating Center (“ROC”) in Idaho Falls, ID. Family owned and operated since 1959, C&B’s operations are concentrated in the fast-growing markets of Idaho and western Wyoming with additional distribution capability into Utah, Nevada, Montana and other states. Please see Parkland’s press release dated February 26, 2021 for more information about this acquisition. Parkland also announces that a dividend of $0.1029 per share will be paid on May 14, 2021 to shareholders of record on April 22, 2021. The dividend will be an 'eligible dividend' for Canadian income tax purposes. The ex-dividend date is April 21, 2021. Enhanced Dividend Reinvestment Plan Parkland's enhanced Dividend Reinvestment Plan ("Enhanced DRIP") allows shareholders to reinvest their cash dividends to purchase additional Parkland shares from treasury at a 5% per share discount to the average of the daily volume weighted average trading prices during the Pricing Period. For further details on the Enhanced DRIP and the Pricing Period, please visit www.parkland.ca/en/investors/dividends. Shareholders who wish to enroll in the Enhanced DRIP must do so prior to the April 21, 2021 ex-dividend date to reinvest this month’s dividend in Parkland shares at a discount. Use of Funds The Enhanced DRIP allows Parkland to retain amounts that would otherwise be paid to shareholders as dividends in cash, thereby incrementally raising equity capital which may be used by Parkland to, among other things, fund its capital program, fund acquisitions, build new locations and upgrade existing locations: all of which help contribute to Parkland’s growth and ability to execute on its strategy. Enrolling Shareholders who own their shares through a brokerage and who wish to participate in the Enhanced DRIP should ensure they are enrolled by checking their online brokerage portal or by calling their investment advisor. Shareholders who hold certificates in their own name (registered shareholders) who wish to enroll can find out more from Computershare by calling 1-800-564-6253. Copies of the Plan and the enrollment form are also available on Parkland's website at http://www.parkland.ca/en/investors/dividend/. For investors previously enrolled in the Premium Dividend™ component of Parkland's Dividend Reinvestment Plan, please note this program ended in April 2016 and without further action you are now likely receiving the regular dividend. Brokerage entitlement and corporate actions departments are encouraged to ensure that they have properly elected with Clearing and Depository Services Inc. (“CDS”) those shares that should participate in the enhanced Dividend Reinvestment Plan. Forward-Looking Statements Certain statements contained in this news release constitute forward-looking information and statements (collectively, “forward looking statements”). When used in this news release, the words “expect’’, ‘‘will’’, ‘‘could’’, ‘‘would’’, “well positioned,” ‘‘pursue’’ and similar expressions are intended to identify forward-looking statements. In particular, this news release contains forward-looking statements with respect to, among other things, the uses by Parkland of the amount of cash dividends that are reinvested by shareholders in the Enhanced DRIP. These forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements. No assurance can be given that these expectations will prove to be correct and such forward-looking statements included in this news release should not be unduly relied upon. These forward-looking statements speak only as of the date of this news release. Parkland does not undertake any obligations 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 as a result of numerous risks and uncertainties including, but not limited to: failure to achieve the anticipated benefits of acquisitions, general economic, market and business conditions, industry capacity, competitive action by other companies, refining and marketing margins, the ability of suppliers to meet commitments, actions by governmental authorities and other regulators including increases in taxes, changes and developments in environmental and other regulations, and other factors, many of which are beyond the control of Parkland. See also the risks and uncertainties described under the headings “Cautionary Statement Regarding Forward-Looking Information” and “Risk Factors” in Parkland’s current Annual Information Form, and under the headings "Forward-Looking Information" and "Risk Factors" in Parkland's Management's Discussion and Analysis for the most recently completed financial period, each as filed on SEDAR and available on Parkland’s website at www.parkland.ca. About Parkland Corporation Parkland is an independent supplier and marketer of fuel and petroleum products and a leading convenience store operator. Parkland services customers across Canada, the United States, the Caribbean region and the Americas through three channels: Retail, Commercial and Wholesale. Parkland optimizes its fuel supply across these three channels by operating and leveraging a growing portfolio of supply relationships and storage infrastructure. Parkland provides trusted and locally relevant fuel brands and convenience store offerings in the communities it serves. Parkland creates value for shareholders by focusing on its proven strategy of growing organically, realizing a supply advantage and acquiring prudently and integrating successfully. At the core of our strategy are our people, as well as our values of safety, integrity, community and respect, which are embraced across our organization. FOR FURTHER INFORMATION Investor Inquiries Brad Monaco Director, Capital Markets 587-997-1447 Brad.Monaco@parkland.caMedia Inquiries Leroy McKinnon Senior Specialist, Corporate Communications 403-567-2573 Leroy.McKinnon@parkland.ca

  • Parkland Announces Closing of Senior Unsecured Notes Offering
    GlobeNewswire

    Parkland Announces Closing of Senior Unsecured Notes Offering

    CALGARY, Alberta, April 13, 2021 (GLOBE NEWSWIRE) -- Parkland Corporation (“Parkland”) (TSX:PKI) announced today the closing of its previously announced private offering (the “offering”) of US$800 million aggregate principal amount of 4.500% senior unsecured notes due 2029 (the “notes”). Parkland will use the net proceeds of the offering to redeem all of its 6.000% senior notes due 2026 in the aggregate principal amount of US$500 million, to redeem the remaining C$200 million of its 5.625% senior notes due 2025 in the aggregate principal amount of C$500 million not already called for redemption and repay certain amounts outstanding under its revolving bank credit facility. The notes were offered and sold only to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the U.S. Securities Act of 1933, as amended (the “Securities Act”) and offered and sold outside the United States to a non-U.S. person pursuant to Regulation S under the Securities Act. The notes have not been registered under the Securities Act or any state securities laws, and unless so registered, may not be offered or sold in the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and applicable state securities laws. This news release shall not constitute an offer to sell or the solicitation of an offer to buy any of these notes, except as required by law, nor shall there be any offer or sale of the notes in any state, or jurisdiction in which such offer, solicitation, or sale would be unlawful. This news release is neither an offer to purchase nor a solicitation of an offer to sell any of the 6.000% senior notes due 2026 or the 5.625% senior notes due 2025 and this press release shall not constitute a notice of redemption in respect therefor. Forward-Looking Statements Certain statements contained in this news release constitute forward-looking information and statements (collectively, "forward -looking statements”). When used in this news release the words “may”, “will”, “would” and similar expressions are intended to identify forward-looking statements. In particular, this news release contains forward-looking statements with respect to the use of proceeds from the offering, the redemption of the 6.000% senior notes and the 5.625% senior notes and the repayment of certain amounts outstanding under Parkland’s revolving bank credit facility. No assurance can be given that these expectations will prove to be correct and such forward-looking statements included in this news release should not be unduly relied upon. These statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements. See the risks and uncertainties described in "Forward-Looking Information" and "Risk Factors" included in Parkland's Annual Information Form dated March 5, 2021 and in "Forward-Looking Information" and "Risk Factors" in the management’s discussion and analysis for the year ended December 31, 2020, dated March 4, 2021, which are filed on SEDAR and available on the Parkland website at www.parkland.ca. The forward-looking statements contained in this news release are expressly qualified by this cautionary statement. About Parkland Corporation Parkland is an independent supplier and marketer of fuel and petroleum products and a leading convenience store operator. Parkland services customers across Canada, the United States, the Caribbean region and the Americas through three channels: Retail, Commercial and Wholesale. Parkland optimizes its fuel supply across these three channels by operating and leveraging a growing portfolio of supply relationships and storage infrastructure. Parkland provides trusted and locally relevant fuel brands and convenience store offerings in the communities it serves. Parkland creates value for shareholders by focusing on its proven strategy of growing organically, realizing a supply advantage and acquiring prudently and integrating successfully. At the core of our strategy are our people, as well as our values of safety, integrity, community and respect, which are embraced across our organization. For Further Information Investor InquiriesMedia InquiriesBrad MonacoSimon ScottDirector, Capital Markets Director, Corporate Communications587-997-1447403-956-9272Brad.Monaco@parkland.ca Simon.Scott@parkland.ca