Parkland announces $0.36 per share dividend for Q2 2025

CALGARY - Parkland Corporation (TSX:PKI) announced today that it will pay a dividend of $0.36 per share on July 15, 2025, to shareholders of record as of June 20, 2025. The dividend, yielding 3.74% annually, represents the company’s 32nd consecutive year of dividend payments. According to InvestingPro, Parkland has raised its dividend for 13 consecutive years. The company stated that the dividend will qualify as an ’eligible dividend’ for Canadian income tax purposes.

Parkland Corporation, with a market capitalization of $4.87 billion and annual revenue of $19.58 billion, operates as a fuel distributor, marketer, and convenience retailer across 26 countries in the Americas. The company maintains approximately 4,000 retail and commercial locations throughout Canada, the United States, and the Caribbean region.

The corporation’s business model encompasses both retail operations serving everyday consumers and commercial operations providing fuel to businesses. Parkland also offers various environmental impact reduction options, including renewable fuel manufacturing and blending, EV charging, carbon credit solutions, and solar power. For detailed financial analysis and additional insights, check out the comprehensive Pro Research Report available on InvestingPro.

The dividend announcement represents the company’s regular quarterly payment to shareholders. No changes to the dividend amount were indicated in the press release statement.

Parkland trades on the Toronto Stock Exchange under the ticker symbol PKI.

In other recent news, Parkland Corp is at the center of significant developments following acquisition offers from both Suncor Energy and Sunoco LP. Parkland’s first-quarter adjusted EBITDA was reported at $375 million, which, although a 15% increase year-over-year, fell short of previous guidance. The acquisition by Sunoco, valued at approximately $9.1 billion, is expected to nearly double the combined entity’s EBITDA, enhancing scale and diversity. Meanwhile, analysts have adjusted their ratings on Parkland’s stock in light of these developments. JPMorgan downgraded Parkland to Neutral from Overweight, citing the pending acquisition by Suncor Energy and limited upside to the new price target. Similarly, BMO Capital downgraded Parkland from Outperform to Market Perform, aligning its price target with Sunoco’s offer. TD Securities also revised its stance, downgrading Parkland to Sell from Buy, adjusting the price target to C$44.00. Moody’s has placed Sunoco’s ratings under review for a potential downgrade due to the debt-increasing nature of the acquisition. S&P Global Ratings has put Parkland on CreditWatch with positive implications, anticipating an alignment of Parkland’s ratings with Sunoco’s post-acquisition.

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