Parkland Corporation Announces Dividend Payment and Shareholder Benefits

Parkland Corporation has announced that a dividend of $0.35 per share will be paid to shareholders on October 15, 2024, for a record date of September 20, 2024. This dividend has been classified as an 'eligible dividend' for Canadian income tax purposes, with an ex-dividend date of September 20, 2024. The company's dividend policy is designed to return capital to shareholders while maintaining a strong financial position.

Parkland Corporation is an international fuel distributor, marketer, and convenience retailer with operations in 26 countries across the Americas. The company serves over one million customers daily through its extensive retail network, which provides fuel and convenience services to everyday consumers. In addition to its retail network, Parkland's commercial operations cater to businesses with industrial fuels, helping them serve their customers better. The company's strategy focuses on two pillars: Customer Advantage and Supply Advantage, with a goal of being the first choice of customers and achieving the lowest cost to serve among independent fuel marketers and distributors.

Key Takeaways:

• Parkland Corporation has announced a dividend payment of $0.35 per share, which will be paid on October 15, 2024, to shareholders who hold record as of September 20, 2024.
• The dividend has been classified as an 'eligible dividend' for Canadian income tax purposes.
• The ex-dividend date is September 20, 2024.
• Parkland Corporation serves over one million customers daily through its extensive retail network across 26 countries in the Americas.
• The company's retail network provides fuel and convenience services to everyday consumers, as well as commercial operations catering to businesses with industrial fuels.
• Parkland's strategy is focused on two pillars: Customer Advantage and Supply Advantage.
• The company's goal is to be the first choice of customers through proprietary brands, differentiated offers, and a compelling loyalty program.
• Parkland Corporation aims to achieve the lowest cost to serve among independent fuel marketers and distributors through its well-positioned assets, significant scale, and deep supply and logistics capabilities.

Statistics:

• Dividend amount: $0.35 per share
• Ex-dividend date: September 20, 2024
• Record date: September 20, 2024
• Payment date: October 15, 2024
• Number of countries with operations: 26
• Number of customers served daily: over one million
• Number of retail locations: approximately 4,000 across Canada, the United States, and the Caribbean region

Sources:

• Parkland Corporation. "Parkland Corporation Announces Dividend Payment and Shareholder Benefits". PRNewswire, September 13, 2024.