Parkland Fuel Corp (PKI) Announces Monthly Dividend of $0.10

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Parkland Fuel Corp (TSE:PKI) announced a monthly dividend on Wednesday, July 11th, Zacks reports. Stockholders of record on Friday, July 20th will be paid a dividend of 0.098 per share on Wednesday, August 15th. This represents a $1.18 annualized dividend and a dividend yield of 3.47%. The ex-dividend date is Thursday, July 19th.

Shares of Parkland Fuel traded up C$0.41, hitting C$33.86, during midday trading on Friday, Marketbeat reports. The company’s stock had a trading volume of 183,697 shares, compared to its average volume of 336,543. Parkland Fuel has a 1-year low of C$23.41 and a 1-year high of C$33.88.

Parkland Fuel (TSE:PKI) last issued its quarterly earnings results on Wednesday, May 2nd. The company reported C$0.15 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of C($0.03) by C$0.18. The company had revenue of C$3.34 billion during the quarter, compared to analyst estimates of C$3.28 billion. Parkland Fuel had a net margin of 0.49% and a return on equity of 3.28%.

PKI has been the subject of a number of research analyst reports. National Bank Financial reiterated an “outperform overweight” rating on shares of Parkland Fuel in a research note on Wednesday, April 25th. Scotiabank lifted their price target on shares of Parkland Fuel from C$32.50 to C$34.50 and gave the stock an “outperform” rating in a research note on Thursday, May 3rd. CIBC lifted their price target on shares of Parkland Fuel from C$36.00 to C$37.50 in a research note on Friday, May 4th. TD Securities lifted their price target on shares of Parkland Fuel from C$37.00 to C$38.00 and gave the stock an “action list buy” rating in a research note on Friday, May 4th. Finally, Desjardins reiterated a “buy” rating and issued a C$36.00 price target on shares of Parkland Fuel in a research note on Friday, April 20th. One equities research analyst has rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of C$36.57.

In other news, insider De Sande Patricia Van sold 8,735 shares of the business’s stock in a transaction on Wednesday, May 16th. The shares were sold at an average price of C$30.95, for a total value of C$270,348.25. Also, insider Richard Lorne Begg sold 18,264 shares of the business’s stock in a transaction on Friday, June 1st. The stock was sold at an average price of C$31.50, for a total transaction of C$575,316.00.

About Parkland Fuel

Parkland Fuel Corporation operates as an independent marketer and distributor of fuels and petroleum products in Canada and the United States. Its Retails Fuels segment supplies and supports a network of 1,848 retail gas stations under the Ultramar, Esso, Fas Gas Plus, Pioneer, Chevron, Race Trac, On the Run/Marché Express, Short Stop, Town Pantry, Dépanneur du Coin/Corner Store, Snack Express, Verve, and others brands, as well as operates convenience stores under the On the Run/Marché Express brand.

Dividend History for Parkland Fuel (TSE:PKI)

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