Parkland Fuel Corp (PKI) to Issue Monthly Dividend of $0.10 on October 13th
Parkland Fuel Corp (TSE:PKI) declared a monthly dividend on Thursday, September 14th, Zacks reports. Shareholders of record on Friday, September 22nd will be paid a dividend of 0.096 per share on Friday, October 13th. This represents a $1.15 dividend on an annualized basis and a yield of 4.34%. The ex-dividend date is Thursday, September 21st.
Shares of Parkland Fuel Corp (TSE PKI) traded down 0.67% on Friday, reaching $26.57. 1,458,669 shares of the company’s stock were exchanged. The company has a market cap of $3.47 billion and a price-to-earnings ratio of 69.55. The firm’s 50-day moving average price is $26.26 and its 200 day moving average price is $28.64. Parkland Fuel Corp has a 12 month low of $24.63 and a 12 month high of $32.45.
In other Parkland Fuel Corp news, Director John Frederick Bechtold bought 2,000 shares of the firm’s stock in a transaction on Tuesday, July 4th. The shares were purchased at an average price of C$29.73 per share, for a total transaction of C$59,460.00.
PKI has been the topic of a number of analyst reports. TD Securities decreased their target price on shares of Parkland Fuel Corp from C$39.00 to C$37.00 and set an “action list buy” rating on the stock in a research report on Friday, August 4th. Scotiabank decreased their target price on shares of Parkland Fuel Corp from C$34.75 to C$33.75 and set an “outperform” rating on the stock in a research report on Thursday, August 3rd. Finally, Royal Bank Of Canada decreased their target price on shares of Parkland Fuel Corp from C$32.00 to C$31.00 and set a “sector perform” rating on the stock in a research report on Thursday, August 3rd. One research analyst has rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of C$34.15.
About Parkland Fuel Corp
Parkland Fuel Corporation distributes and markets fuels and lubricants. The Company delivers refined fuels and other petroleum products to motorists, businesses, consumers and wholesale customers. Its segments include Retail Fuels, Commercial Fuels, Parkland USA, Supply and Wholesale, and Corporate. Its Retail Fuels segment supplies and supports a network of over 1,070 retail gas stations in Canada.
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