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Parkland Corporation (PKI.TO)

Toronto - Toronto Real Time Price. Currency in CAD
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36.58+1.01 (+2.84%)
As of 2:01PM EDT. Market open.
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Previous Close35.57
Open35.70
Bid36.58 x 0
Ask36.61 x 0
Day's Range35.68 - 36.66
52 Week Range17.57 - 49.22
Volume138,878
Avg. Volume335,976
Market Cap5.603B
Beta (5Y Monthly)1.59
PE Ratio (TTM)35.86
EPS (TTM)1.02
Earnings DateNov. 02, 2020 - Nov. 06, 2020
Forward Dividend & Yield1.21 (3.32%)
Ex-Dividend DateSep. 21, 2020
1y Target Est34.15
  • Parkland Corporation (TSE:PKI) Pays A CA$0.10 Dividend In Just Four Days
    Simply Wall St.

    Parkland Corporation (TSE:PKI) Pays A CA$0.10 Dividend In Just Four Days

    Parkland Corporation (TSE:PKI) stock is about to trade ex-dividend in four days. You will need to purchase shares...

  • GlobeNewswire

    Parkland Corporation Announces September 2020 Dividend

    CALGARY, Alberta, Sept. 11, 2020 (GLOBE NEWSWIRE) -- Parkland Corporation (“Parkland”) (TSX:PKI) announces that a dividend of $0.1012 per share will be paid on October 15, 2020 to shareholders of record on September 22, 2020. The dividend will be an 'eligible dividend' for Canadian income tax purposes. The ex-dividend date is September 21, 2020. 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 September 21, 2020 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 CorporationParkland 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. CONTACT: FOR FURTHER INFORMATION Investor Inquiries Brad Monaco Director, Capital Markets 587-997-1447 Brad.Monaco@parkland.ca Media Inquiries Leroy McKinnon Senior Specialist, Corporate Communications 403-567-2573 Leroy.McKinnon@parkland.ca

  • Parkland positioned to expand ‘On the Run’ across the U.S., creating a unified North American convenience store brand
    GlobeNewswire

    Parkland positioned to expand ‘On the Run’ across the U.S., creating a unified North American convenience store brand

    Parkland On the Run (Canada) Exterior Photo Exterior Photo of an On the Run location in Ontario, Canada. Parkland On the Run (Canada) Interior Photo Interior Photo from an On the Run location in Ontario, Canada.CALGARY, Alberta, Sept. 10, 2020 (GLOBE NEWSWIRE) -- Parkland Corporation ("Parkland", "we", the "Company", or "our") (TSX:PKI) announced it has acquired the license for the exclusive use of the On the Run trademark in the majority of U.S. states. The acquisition positions Parkland to expand On the Run across the U.S. to create a unified, North American convenience store brand. “We are excited to expand the On the Run convenience store brand across the U.S. and harness the advantages of our scale,” said Ian White, Senior Vice President, Strategic Marketing & Innovation at Parkland. “As we continue to advance our ambitious growth strategy, the time is right to create a unified, North American retail and convenience store brand. On the Run is an established retail brand that we can quickly and efficiently scale by leveraging the capabilities we have established in the Canadian market.”The strategic rationale for this acquisition includes: * Expanding On the Run across the U.S. to create a unified North American convenience brand; * Capturing efficiencies through common brand collateral, product assortments, private label product ranges and operational continuity; * Opportunity to rebrand our existing U.S. convenience stores and efficiently incorporate the On the Run convenience brand to newly developed sites; * Greater optionality and a strong convenience store foundation for future U.S. M&A activities; * Support the organic growth of our dealer business by providing an enhanced, bundled offer that combines a leading convenience store brand with multiple forecourt fuel brands.“The On the Run retail brand provides a solid platform for our continued U.S. growth,” added Doug Haugh, President, Parkland USA. “Building on our existing On the Run brand image, product assortments and private label goods in Canada, we look forward to meeting the convenience needs of our U.S. customers under the On the Run banner. Our U.S. customers will enjoy enhanced interior and exterior rebranding elements, larger and brighter canopies and a variety of new product offerings, all backed by their same local and friendly service teams.”Through this acquisition, Parkland has acquired, for a one-time fee, the perpetual license for the exclusive use of the On the Run trademark in the majority of U.S. states. The deal includes an option to purchase the On the Run U.S. trademark together with the license owner’s On the Run franchise business.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.Forward Looking StatementsCertain statements contained in this news release constitute forward-looking information and statements (collectively, "forward-looking statements"). In particular, this news release contains forward-looking statements with respect to, among other things, Parkland's growth strategy with respect to the On the Run brand; Parkland's ability to create a unified On the Run convenience store brand, including Parkland's opportunity to rebrand existing sites and incorporate the On the Run brand to new sites; Parkland's opportunity to incorporate the On the Run brand to its dealer business; and the expected enhanced customer experience from Parkland's use of the On the Run brand.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. 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 law. 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, Parkland's ability to execute its strategy with respect to the On the Run brand in the United States; general economic, market and business conditions; industry capacity; competitive action by other companies; the ability of suppliers to meet commitments; actions by governmental authorities and other regulators; changes and developments in regulations; and other factors, many of which are beyond the control of Parkland. See also the risks and uncertainties described in "Forward-Looking Information" and "Risk Factors" included in Parkland's Annual Information Form and in "Forward-Looking Information" and "Risk Factors" in Parkland's quarterly MD&A, each as filed on SEDAR and available on the Parkland website at www.parkland.ca.For Further InformationInvestor Inquiries                                                          Brad Monaco                                                                 Director, Capital Markets                                                 587-997-1447                                                                  Brad.Monaco@parkland.ca                                              Media Inquiries Leroy McKinnon Senior Specialist, Corporate Communications 403-567-2573 Leroy.McKinnon@parkland.caPhotos accompanying this announcement are available at https://www.globenewswire.com/NewsRoom/AttachmentNg/2965ce74-f1d9-4a15-8c37-7bb62ec77cdchttps://www.globenewswire.com/NewsRoom/AttachmentNg/ce262265-1412-4033-8f32-1e65206709cc