Parkland Co. (PKI) to Issue Quarterly Dividend of $0.35 on October 15th

Parkland Co. (TSE:PKI) declared a quarterly dividend on Wednesday, September 11th, Zacks reports. Investors of record on Friday, September 20th will be paid a dividend of 0.35 per share on Tuesday, October 15th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 4.06%. The ex-dividend date of this dividend is Thursday, September 19th.

Parkland Stock Performance

Shares of PKI stock opened at C$34.51 on Tuesday. The company has a current ratio of 1.33, a quick ratio of 0.73 and a debt-to-equity ratio of 206.76. The firm has a fifty day simple moving average of C$36.50 and a two-hundred day simple moving average of C$39.46. Parkland has a 12 month low of C$34.50 and a 12 month high of C$47.99. The firm has a market capitalization of C$6.01 billion, a PE ratio of 16.20, a price-to-earnings-growth ratio of 11.79 and a beta of 1.34.

Parkland (TSE:PKI) last posted its earnings results on Wednesday, July 31st. The company reported C$0.88 EPS for the quarter, topping the consensus estimate of C$0.82 by C$0.06. Parkland had a net margin of 1.23% and a return on equity of 12.26%. The company had revenue of C$7.50 billion during the quarter, compared to the consensus estimate of C$7.92 billion.

Analyst Ratings Changes

Several brokerages have weighed in on PKI. Royal Bank of Canada dropped their price objective on Parkland from C$49.00 to C$48.00 and set an “outperform” rating on the stock in a research note on Friday, August 2nd. National Bankshares dropped their price target on shares of Parkland from C$49.00 to C$48.00 and set an “outperform” rating on the stock in a research report on Friday, August 2nd. BMO Capital Markets cut their price target on shares of Parkland from C$52.00 to C$49.00 in a report on Thursday, August 1st. TD Securities increased their price objective on shares of Parkland from C$53.00 to C$55.00 and gave the company a “buy” rating in a research note on Friday, August 2nd. Finally, Desjardins cut their price objective on Parkland from C$48.00 to C$46.00 and set a “buy” rating on the stock in a research report on Friday, August 2nd. One research analyst has rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of C$50.46.

Insider Transactions at Parkland

In other news, Senior Officer Marcel Teunissen acquired 1,000 shares of the stock in a transaction that occurred on Tuesday, August 27th. The shares were acquired at an average cost of C$36.52 per share, for a total transaction of C$36,520.00. 20.51% of the stock is owned by corporate insiders.

About Parkland

Parkland Corporation operates food and convenience stores in Canada, the United States, and internationally. The company's Canada segment owns, supplies, and supports a coast-to-coast network of retail gas stations, electronic vehicle charging stations, frozen food retail locations, convenience stores, cardlock sites, bulk fuel, propane, heating oil, lubricants, and other related services to commercial, industrial, and residential customers; transports and distributes fuel through ships, rail, and highway carriers; and stores fuel in terminals and other owned and leased facilities, as well as engages in the low-carbon activities.