Parkland reports 2020 results and provides 2021 outlook, including ninth consecutive annual dividend increase
March 04, 2021 17:15 ET | Source: Parkland Corporation Parkland Corporation Calgary, Alberta, CANADA
CALGARY, Alberta, March 04, 2021 (GLOBE NEWSWIRE) Parkland Corporation ( Parkland , we , the Company , or our ) (TSX:PKI) announced today its financial and operating results for the fourth quarter and year ended December 31, 2020 and 2021 outlook. Highlights include:
Continued track record of steady dividend growth; our annual dividend will increase two cents per share, marking our ninth consecutive annual dividend increase and demonstrating conviction in our 2021 outlook and beyond.
Confidence in our resilience and flexibility supports 2021 Adjusted EBITDA (attributable to Parkland) guidance of $1,200 million +/- 5 percent.
Parkland announces acquisition of Conrad & Bischoff Inc., establishing a new growth platform in the Pacific Northwest
February 26, 2021 08:00 ET | Source: Parkland Corporation Parkland Corporation Calgary, Alberta, CANADA
CALGARY, Alberta, Feb. 26, 2021 (GLOBE NEWSWIRE) Parkland Corporation (“Parkland”, “we”, “our”, or “the Company”) (TSX:PKI) is pleased to announce that through its wholly owned U.S. subsidiaries (collectively, Parkland USA ), it has entered into an agreement to acquire Conrad & Bischoff Inc. and its related companies (collectively, “C&B”). Through this acquisition, Parkland will establish a fourth U.S. Regional Operating Center (“ROC”) in Idaho Falls, ID.
C&B is a well-established retail, commercial, wholesale and lubricants business with annual fuel and petroleum product volume of approximately 700 million litres. Family owned and operated since 1959, C&B’s operations are concentr