|By Marketwired .||
|July 11, 2014 11:17 AM EDT||
RED DEER, ALBERTA -- (Marketwired) -- 07/11/14 -- 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 August 15, 2014 to shareholders of record on July 22, 2014. The dividend will be an 'eligible dividend' for Canadian income tax purposes. The ex-dividend date is July 18, 2014.
Shareholders who wish to enroll for the first time in the Premium Dividend(TM) or enhanced Dividend Reinvestment Plan must do so prior to the July 18, 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 July 21, 2014, the business day prior to the record date.
Premium Dividend(TM) and enhanced Dividend Reinvestment Plan
In addition to the option of receiving a monthly cash dividend of $0.0883 per share, the Premium Dividend(TM) and enhanced Dividend Reinvestment Plan provide Canadian shareholders with the following options:
-- The Premium Dividend(TM) - 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(TM) 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 relationships, storage infrastructure and third party rail and highway carriers to rapidly respond to supply disruptions in order to protect our customers' operations.
For investor and media inquiries please contact
Director, Corporate Communications
1-800-662-7177 ext. 2533
Feb. 13, 2016 04:45 PM EST Reads: 204
Feb. 13, 2016 04:00 PM EST Reads: 511
Feb. 13, 2016 02:30 PM EST
Feb. 13, 2016 02:00 PM EST Reads: 254
Feb. 13, 2016 01:30 PM EST Reads: 281
Feb. 13, 2016 01:30 PM EST Reads: 142
Feb. 13, 2016 12:45 PM EST Reads: 471
Feb. 13, 2016 12:00 PM EST
Feb. 13, 2016 12:00 PM EST Reads: 473
Feb. 13, 2016 12:00 PM EST
Feb. 13, 2016 12:00 PM EST Reads: 449
Feb. 13, 2016 11:45 AM EST Reads: 312
Feb. 13, 2016 11:45 AM EST Reads: 274
Feb. 13, 2016 11:45 AM EST
More and more companies are looking to microservices as an architectural pattern for breaking apart applications into more manageable pieces so that agile teams can deliver new features quicker and more effectively. What this pattern has done more than anything to date is spark organizational transformations, setting the foundation for future application development. In practice, however, there are a number of considerations to make that go beyond simply “build, ship, and run,” which changes ho...
Feb. 13, 2016 11:30 AM EST Reads: 280