#Canada #Dividend #Calgary #Parkland Corporation #TSX PKI

Parkland Corporation Declares First Quarter 2025 Dividend

Parkland Corporation, one of the leading fuel distributors and convenience retailers in North America, has just made a significant announcement regarding its financial strategy for the upcoming quarter. On March 12, 2025, the company revealed that it will distribute a dividend of $0.36 per share to its shareholders. This payment is scheduled to occur on April 15, 2025, targeting those who are on record as shareholders by March 21, 2025.

The dividend distribution is classified as an 'eligible dividend' for Canadian income tax purposes, positioning it as a favorable option for investors looking to maximize their returns. This consistent commitment to dividend payments showcases Parkland's stable financial health and ongoing dedication to rewarding its shareholders, even amidst changing market conditions.

About Parkland Corporation

Established as a prominent player in the fuel distribution and marketing industry, Parkland operates across 26 countries in the Americas, providing essential fuel services to both consumers and commercial enterprises. The company's expansive retail network ensures that the daily fuel and convenience needs of customers are met efficiently. Furthermore, Parkland’s commercial endeavors are geared toward supplying businesses with the necessary fuels to facilitate operations and customer service.

In line with its mission to mitigate environmental impact, Parkland is not just about traditional fuel sources. The corporation is actively engaged in developing renewable fuels, providing ultra-fast electric vehicle (EV) charging, and offering a variety of solutions aimed at carbon credits and renewable energy initiatives, including solar power projects.

With a robust presence of approximately 4,000 retail and commercial locations throughout Canada, the United States, and the Caribbean, Parkland has strategically built its supply, distribution, and trading capacities to boost growth and performance in a competitive market.

Strategic Focus

Parkland’s corporate strategy hinges on two main pillars: Customer Advantage and Supply Advantage. The Customer Advantage aims to make Parkland the first choice for consumers through its proprietary brands, varied offerings, extensive network, competitive pricing, and reliable services. The Supply Advantage is dedicated to maintaining the lowest cost to serve among independent fuel marketers, leveraging well-positioned assets and significant market scale.

Embedded across Parkland’s corporate culture are core values of safety, integrity, community, and respect. These principles guide the company’s operations and overall strategy, vibrantly reflecting the company’s commitment to its stakeholders.

As we continue to monitor Parkland Corporation’s business actions and developments, the upcoming dividend payment exemplifies the firm's robust financial strategies and commitment to shareholder value.

Conclusion

Investors should watch for further announcements from Parkland Corporation, particularly as they continue to navigate and adapt to the complexities of the energy market and environmental standards. The April dividend is a positive sign of its ongoing viability and reliability in delivering returns to shareholders. Shareholders should feel assured by this step forward as it further solidifies Parkland’s standing within the fuel distribution industry and its future growth prospects.