Parkland is a Canadian company listed on the Toronto Stock Exchange under the symbol PKI. It is a good dividend stock for investors to consider, especially with a potential catalyst on the horizon.
Parkland is a leading distributor and marketer of fuels and lubricants. The company has a strong track record of generating steady cash flows and has a solid balance sheet. This makes it a reliable choice for income-seeking investors.
One of the key reasons why Parkland is an attractive dividend stock is its history of consistently increasing its dividend payout. This demonstrates the company’s commitment to rewarding shareholders and its confidence in its ability to generate sustainable earnings.
In addition to its attractive dividend yield, Parkland also has a potential catalyst that could further boost its stock price. The company has been expanding its presence in the United States through acquisitions, which has helped to diversify its revenue streams and drive growth.
Overall, Parkland is a solid dividend stock with a promising future. Investors looking for a reliable income stream and potential capital appreciation should consider adding Parkland to their portfolio.