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Parkland Corporation Announces Fourth Quarter 2024 Dividend

In a significant move for its investors, Parkland Corporation, a leading international fuel distributor and convenience retailer, has announced a dividend of $0.35 per share. This payment is scheduled to be disbursed on January 15, 2025, to shareholders who are on record as of December 20, 2024. The dividend is characterized as an 'eligible dividend' for Canadian income tax purposes, which makes it a favorable choice for Canadian investors.

About Parkland Corporation

Operating in 26 countries across the Americas, Parkland Corporation plays a vital role in fulfilling the fuel and convenience requirements of more than a million customers on a daily basis. With a robust network of nearly 4,000 retail and commercial locations in regions including Canada, the United States, and the Caribbean, Parkland not only services individual customers but also caters to businesses by supplying a range of industrial fuels.

Parkland's business strategy is rooted in two core pillars: Customer Advantage and Supply Advantage. The Customer Advantage focuses on being the preferred choice for customers by leveraging proprietary brands, unique offerings, and an extensive retail network coupled with competitive pricing and reliable service. Through these efforts, Parkland fosters customer loyalty and provides a compelling loyalty program that further enhances its offerings.

On the operational side, Parkland's Supply Advantage is aimed at achieving the lowest cost of service within tough market environments by optimizing its well-positioned assets, benefiting from significant scale, and employing sophisticated supply and logistics capabilities. These operational efficiencies directly contribute to enhanced business growth and performance.

Commitment to Sustainability

Apart from its core businesses in fuel distribution, Parkland is actively engaged in various initiatives geared toward reducing the environmental footprint associated with energy consumption. This includes sourcing, manufacturing, and blending renewable fuels, carbon trading, and offering solar power solutions along with ultra-fast electric vehicle (EV) charging stations.

Parkland Corporation's emphasis on environmental stewardship demonstrates its commitment to sustainability while ensuring that it meets the ever-evolving energy needs of its customer base. The company’s wide array of energy solutions is designed to not only serve its customers but also to contribute positively to the environment.

From its firm foundation built on core values—including safety, integrity, community, and respect—Parkland Corporation places a heavy emphasis on its people. This culture of respect and support forms the backbone of the company and fosters an environment conducive to growth and innovation. As Parkland continues to expand its reach and enhance its service offerings, investors can be confident in the strategic direction the company is taking.

By declaring this dividend, Parkland Corporation not only fulfills its financial obligations to shareholders but also reinforces its long-term strategy of sustainable growth and profitability, ensuring that it remains a key player in the competitive fuel distribution market.

With its strong market presence and strategic initiatives aimed at sustainability and customer satisfaction, Parkland Corporation is well-positioned for continued success in the years to come.