Parkland Fuel Corp Plans Jun 13 Dividend of $0.09 (PKI)

Parkland Fuel Corp (TSE:PKI) announced a jun 13 dividend on Wednesday, June 12th, ARN reports. Stockholders of record on Friday, June 21st will be paid a dividend of $0.0867 per share on Monday, July 15th. The ex-dividend date is Wednesday, June 19th.

PKI has been the subject of a number of recent research reports. Analysts at National Bank Financial upgraded shares of Parkland Fuel Corp from a “sector perform” rating to an “outperform” rating in a research note to investors on Wednesday, May 8th. On the ratings front, analysts at CIBC reiterated a “sector outperform” rating on shares of Parkland Fuel Corp in a research note to investors on Thursday, April 25th. They now have a C$19.25 price target on the stock. Finally, analysts at CIBC cut their price target on shares of Parkland Fuel Corp from C$20.00 to C$19.25 in a research note to investors on Tuesday, April 16th. They now have a “sector outperform” rating on the stock.

Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of C$18.96.

Shares of Parkland Fuel Corp (TSE: PKI) traded down 0.78% during mid-day trading on Wednesday, hitting $16.58. Parkland Fuel Corp has a 52 week low of $13.82 and a 52 week high of $20.30. The stock’s 50-day moving average is currently $17.26. The company has a P/E ratio of 11.52.

Parkland Fuel Corp (TSE: PKI) last posted its quarterly earnings results on Tuesday, May 7th. The company reported $0.42 EPS for the quarter.

Parkland Fuel Corporation (TSE: PKI) is a marketer and distributor of petroleum products, managing a nationwide network of sales channels for retail, commercial, wholesale and home heating fuel customers.

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