SOURCE: Parkland Fuel Corporation

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March 11, 2016 16:45 ET

Parkland Fuel Corporation Announces March 2016 Dividend

RED DEER, AB--(Marketwired - March 11, 2016) - Parkland Fuel Corporation ("Parkland" or the "Corporation") (TSX: PKI), one of North America's fastest growing distributors and marketers of fuels and lubricants, today announced that a dividend of $0.0945 per share will be paid on April 15, 2016 to shareholders of record on March 22, 2016. This dividend amount represents the dividend increase of 5% previously press released on March 2, 2016. The dividend will be an 'eligible dividend' for Canadian income tax purposes. The ex-dividend date is March 18, 2016.

Shareholders who wish to enroll for the first time in the enhanced Dividend Reinvestment Plan must do so prior to the March 18, 2016 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 March 21, 2016, the business day prior to the record date.

Enhanced Dividend Reinvestment Plan

In addition to the option of receiving a monthly cash dividend of $0.0945 per share, the enhanced Dividend Reinvestment Plan 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 enhanced Dividend Reinvestment Plan will still receive their regular monthly dividend of $0.0945 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

About Parkland Fuel Corporation

Parkland delivers gasoline, diesel, propane, lubricants, heating oil and other high-quality petroleum products to motorists, businesses, households 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 fuel and petroleum products, 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.

Suite 100 Riverside Office Plaza, 4919-59 Street, Red Deer, Alberta T4N 6C9 Telephone: (403) 357-6400 Fax: (403) 346-3015

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Contact Information

  • For further information, please contact:

    Investor Inquiries
    Patricia van de Sande
    Vice President Investor & Government Relations & Compliance
    Email contact

    Media Inquiries
    Elizabeth Wilcox
    Manager Corporate Communications
    Email contact