Parkland Fuel Corp Announces Monthly Dividend of $0.10 (TSE:PKI)
Parkland Fuel Corp (TSE:PKI) announced a monthly dividend on Monday, August 14th, Zacks reports. Investors of record on Tuesday, August 22nd will be given a dividend of 0.096 per share on Friday, September 15th. This represents a $1.15 dividend on an annualized basis and a dividend yield of 4.46%. The ex-dividend date of this dividend is Friday, August 18th.
Shares of Parkland Fuel Corp (TSE PKI) opened at 25.81 on Tuesday. The company’s 50 day moving average is $27.89 and its 200-day moving average is $28.84. The stock has a market capitalization of $3.37 billion and a price-to-earnings ratio of 67.57. Parkland Fuel Corp has a 1-year low of $24.71 and a 1-year high of $32.45.
Several equities research analysts recently commented on the company. CIBC raised their target price on Parkland Fuel Corp from C$33.00 to C$35.00 in a report on Wednesday, May 10th. Scotiabank dropped their target price on Parkland Fuel Corp from C$34.75 to C$33.75 and set an “outperform” rating on the stock in a report on Thursday, August 3rd. Royal Bank Of Canada raised their target price on Parkland Fuel Corp from C$31.00 to C$32.00 and gave the company a “sector perform” rating in a report on Wednesday, May 10th. Finally, TD Securities raised their target price on Parkland Fuel Corp from C$34.00 to C$39.00 and gave the company a “buy” rating in a report on Wednesday, May 10th. Two investment analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of C$33.43.
In other Parkland Fuel Corp news, Director John Frederick Bechtold acquired 2,000 shares of the company’s stock in a transaction on Tuesday, July 4th. The shares were bought 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 value of C$115,183.36.
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Parkland Fuel Corp Company Profile
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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