Parkland Co. (TSE:PKI - Get Free Report) announced a quarterly dividend on Wednesday, June 11th, RTT News reports. Stockholders of record on Friday, June 20th will be paid a dividend of 0.36 per share on Tuesday, July 15th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 3.77%. This is a 2.9% increase from Parkland's previous quarterly dividend of $0.35.
Parkland Trading Up 0.2%
Shares of PKI stock traded up C$0.06 on Thursday, hitting C$38.22. 55,116 shares of the company's stock traded hands, compared to its average volume of 878,645. The stock has a market capitalization of C$6.66 billion, a price-to-earnings ratio of 27.54, a P/E/G ratio of 11.79 and a beta of 1.33. The company's fifty day simple moving average is C$36.37 and its 200 day simple moving average is C$35.49. Parkland has a one year low of C$30.09 and a one year high of C$40.29. The company has a debt-to-equity ratio of 199.87, a quick ratio of 0.73 and a current ratio of 1.39.
Analysts Set New Price Targets
PKI has been the subject of several analyst reports. CIBC cut Parkland from an "outperform" rating to a "tender" rating and set a C$44.00 target price for the company. in a report on Monday. National Bankshares boosted their price objective on Parkland from C$41.00 to C$42.00 in a research report on Tuesday, May 6th. BMO Capital Markets downgraded shares of Parkland from a "strong-buy" rating to a "hold" rating in a research note on Monday, June 2nd. Canaccord Genuity Group cut their price target on shares of Parkland from C$45.00 to C$42.00 and set a "buy" rating on the stock in a report on Thursday, April 17th. Finally, Raymond James lowered their price objective on shares of Parkland from C$47.00 to C$45.00 and set an "outperform" rating for the company in a research note on Thursday, April 17th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of C$44.54.
Check Out Our Latest Stock Report on Parkland
Insider Buying and Selling
In other Parkland news, Senior Officer Darren Robert Smart sold 5,000 shares of the stock in a transaction on Monday, March 17th. The stock was sold at an average price of C$36.76, for a total value of C$183,800.00. 20.51% of the stock is owned by insiders.
About Parkland
(
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Parkland Corp distributes and markets fuels and lubricants. Refined fuels and other petroleum products are among the variety of offerings the company delivers to motorists, businesses, consumers, and wholesalers in the United States and Canada. Parkland operates through several subsidiaries that are either company owned-and retailer-operated, dealer-owned and dealer-operated, or dealer-cosigned and dealer-operated.
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