Parkland Fuel Corp (TSE:PKI) announced a monthly dividend on Wednesday, September 12th, Zacks reports. Stockholders of record on Friday, September 21st will be given a dividend of 0.098 per share on Monday, October 15th. This represents a $1.18 annualized dividend and a dividend yield of 2.73%. The ex-dividend date is Thursday, September 20th.

Shares of PKI traded up C$0.06 during midday trading on Friday, hitting C$43.00. The company had a trading volume of 493,000 shares, compared to its average volume of 366,132. Parkland Fuel has a 52 week low of C$23.41 and a 52 week high of C$43.08.

Parkland Fuel (TSE:PKI) last released its earnings results on Thursday, August 2nd. The company reported C$0.45 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of C$0.48 by C($0.03). The company had revenue of C$3.78 billion during the quarter, compared to the consensus estimate of C$3.28 billion. Parkland Fuel had a return on equity of 3.28% and a net margin of 0.49%.

Several equities research analysts have recently weighed in on PKI shares. National Bank Financial boosted their target price on shares of Parkland Fuel from C$37.00 to C$44.00 and gave the stock an “outperform” rating in a research report on Tuesday, August 7th. TD Securities lifted their price target on shares of Parkland Fuel from C$38.00 to C$45.00 in a report on Tuesday, August 7th. CIBC lifted their price target on shares of Parkland Fuel from C$37.50 to C$38.00 in a report on Thursday, July 26th. Royal Bank of Canada lifted their price target on shares of Parkland Fuel from C$33.00 to C$35.00 and gave the company a “sector perform” rating in a report on Monday, July 30th. Finally, Canaccord Genuity lifted their price target on shares of Parkland Fuel from C$42.00 to C$44.00 and gave the company a “buy” rating in a report on Wednesday, July 25th. One investment analyst has rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of C$41.14.

Parkland Fuel Company Profile

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.

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Dividend History for Parkland Fuel (TSE:PKI)

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