Parkland Fuel Corp (TSE:PKI) Raises Dividend to $0.10 Per Share
Parkland Fuel Corp (TSE:PKI) declared a monthly dividend on Thursday, July 13th, Zacks reports. Stockholders of record on Friday, July 21st will be paid a dividend of 0.096 per share on Tuesday, August 15th. This represents a $1.15 dividend on an annualized basis and a dividend yield of 4.16%. The ex-dividend date of this dividend is Wednesday, July 19th. This is an increase from Parkland Fuel Corp’s previous monthly dividend of $0.07.
Shares of Parkland Fuel Corp (TSE:PKI) traded down 0.58% during trading on Tuesday, hitting $27.54. 67,400 shares of the stock were exchanged. Parkland Fuel Corp has a 52 week low of $22.62 and a 52 week high of $32.45. The firm has a 50 day moving average price of $30.63 and a 200 day moving average price of $28.85. The firm has a market capitalization of $2.66 billion and a P/E ratio of 60.66.
In other Parkland Fuel Corp news, Director John Frederick Bechtold bought 2,000 shares of the business’s stock in a transaction that occurred on Tuesday, July 4th. The shares were acquired at an average cost of C$29.73 per share, for a total transaction of C$59,460.00. Also, insider Donna Jeanne Strating sold 3,712 shares of Parkland Fuel Corp stock in a transaction that occurred on Friday, May 26th. The stock was sold at an average price of C$31.03, for a total transaction of C$115,183.36.
PKI has been the topic of a number of research analyst reports. CIBC raised their price target on shares of Parkland Fuel Corp from C$33.00 to C$35.00 in a research note on Wednesday, May 10th. TD Securities raised their price target on shares of Parkland Fuel Corp from C$34.00 to C$39.00 and gave the company a “buy” rating in a research note on Wednesday, May 10th. Scotiabank upgraded shares of Parkland Fuel Corp from a “sector perform” rating to an “outperform” rating and raised their price target for the company from C$30.00 to C$34.75 in a research note on Wednesday, May 10th. Finally, Royal Bank Of Canada raised their price target on shares of Parkland Fuel Corp from C$31.00 to C$32.00 and gave the company a “sector perform” rating in a research note on Wednesday, May 10th. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Parkland Fuel Corp currently has a consensus rating of “Buy” and a consensus price target of C$34.00.
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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