|By Marketwired .||
|May 13, 2014 01:36 PM EDT||
RED DEER, ALBERTA -- (Marketwired) -- 05/13/14 -- Parkland Fuel Corporation ("Parkland" or the "Corporation") (TSX: PKI), North America's fastest growing distributor and marketer of fuels and lubricants, today announced that a dividend of $0.0883 per share will be paid on June 13, 2014 to shareholders of record on May 23, 2014. The dividend will be an 'eligible dividend' for Canadian income tax purposes. The ex-dividend date is May 21, 2014.
Shareholders who wish to enroll for the first time in the Premium Dividend or enhanced Dividend Reinvestment Plan must do so prior to the May 21, 2014 ex-dividend date if they wish to participate in the Plan for this month's dividend.
Brokerage entitlement and corporate actions departments are encouraged to ensure that they have properly elected with Clearing and Depository Services Inc. ("CDS") those shares that should participate in each component of the Plan no later than May 22, 2014, the business day prior to the record date.
Premium Dividend and enhanced Dividend Reinvestment Plan
In addition to the option of receiving a monthly cash dividend of $0.0883 per share, the Premium Dividend and enhanced Dividend Reinvestment Plan provide Canadian shareholders with the following options:
-- The Premium Dividend - this provides eligible shareholders with a 2% cash premium in addition to their regular cash dividend. Participants in this option will receive $0.0901 per share on the dividend payment date. -- Dividend Reinvestment - this allows shareholders to repurchase shares with their dividend at a 5% discount to the volume weighted average price as defined by the Plan.
Those shareholders who do not elect to participate in the Premium Dividend and enhanced Dividend Reinvestment Plan will still receive their regular monthly dividend of $0.0883 per share.
Shareholders who own their shares through a brokerage and who wish to participate in either component of the Plan should call their broker and instruct them to enroll their shares in one of the two options.
Shareholders who hold certificates in their own name (registered shareholders) who wish to enroll can find out more from Computershare by calling 1-800-564-6253. Copies of the Plan, a series of questions and answers and the enrollment form are also available on Parkland's website at http://bit.ly/PKIdividend.
About Parkland Fuel Corporation
Parkland Fuel Corporation is North America's fastest growing independent marketer of fuel and petroleum products. We deliver gasoline, diesel, propane, lubricants, heating oil and other high quality petroleum products to motorists, businesses, consumers and wholesale customers in Canada and the United States. Our mission is to be the partner of choice for our customers and suppliers, and we do this by building lasting relationships through outstanding service, reliability, safety and professionalism. We are unique in our ability to provide customers with dependable access to supply, utilizing a portfolio of supply disruptions in order to protect our customers' operations.
Parkland Fuel Corporation
Director, Corporate Communications
1-800-662-7177 ext. 2533
The 20th International Cloud Expo has announced that its Call for Papers is open. Cloud Expo, to be held June 6-8, 2017, at the Javits Center in New York City, brings together Cloud Computing, Big Data, Internet of Things, DevOps, Containers, Microservices and WebRTC to one location. With cloud computing driving a higher percentage of enterprise IT budgets every year, it becomes increasingly important to plant your flag in this fast-expanding business opportunity. Submit your speaking proposal ...
Dec. 7, 2016 03:45 PM EST Reads: 2,239
Dec. 7, 2016 03:30 PM EST Reads: 1,761
Dec. 7, 2016 02:30 PM EST Reads: 4,303
Dec. 7, 2016 02:30 PM EST Reads: 935
Dec. 7, 2016 02:24 PM EST Reads: 221
Dec. 7, 2016 02:15 PM EST Reads: 2,189
Dec. 7, 2016 02:15 PM EST Reads: 1,107
Dec. 7, 2016 02:15 PM EST Reads: 3,376
Dec. 7, 2016 02:15 PM EST Reads: 947
Dec. 7, 2016 01:45 PM EST Reads: 1,103
Dec. 7, 2016 01:30 PM EST Reads: 2,144
Dec. 7, 2016 01:30 PM EST Reads: 393
Dec. 7, 2016 01:24 PM EST Reads: 219
Dec. 7, 2016 12:45 PM EST Reads: 1,078
Dec. 7, 2016 12:35 PM EST Reads: 263