Park Lawn Corporation Announces Fourth Quarter 2023 Dividend

Rhea-AI Summary

Park Lawn Corporation (PLC) announced a quarterly dividend of $0.114 per share payable on January 15, 2024, to shareholders of record as at December 29, 2023. PLC offers a Dividend Reinvestment Plan (DRIP) with a 3% discount for eligible shareholders to reinvest their cash dividends into additional common shares of PLC.

TORONTO, ON / ACCESSWIRE / December 19, 2023 / Park Lawn Corporation (TSX:PLC)(TSX:PLC.U) ("PLC") announced today that the quarterly dividend of $0.114 per share will be payable on January 15, 2024 to shareholders of record as at December 29, 2023.

PLC offers a Dividend Reinvestment Plan ("DRIP") which allows eligible shareholders of PLC to reinvest their cash dividends into additional common shares of PLC, which will be issued from treasury (or purchased on the open market) on the applicable dividend payment date. If common shares are issued from treasury, the price at which such common shares are issued will be the volume weighted trading price of PLC's common shares over the five business days immediately preceding such dividend payment date less a discount, if any, of up to 5%, at PLC's election. PLC has set the current discount for purchases under the DRIP at 3%. PLC may, subject to the terms of the DRIP, alter or eliminate any discount at any time.

An eligible shareholder may enroll in the DRIP by completing an enrollment form and returning it to TSX Trust Company (the "Administrator"). A completed enrollment form must be received by the Administrator no later than 3:00 pm EDT on the fifth business day immediately preceding the relevant dividend record date in order to take effect on the dividend payment date to which that dividend record date relates.

The full text of the DRIP and an enrollment form are available on PLC's website at www.parklawncorp.com. Shareholders should carefully read the complete text of the DRIP before making any decisions regarding their participation in the DRIP. Beneficial shareholders who hold their shares through a nominee and who wish to participate in the DRIP should contact their nominee to enquire about enrollment.

About PLC

PLC provides goods and services associated with the disposition and memorialization of human remains. Products and services are sold on a pre-planned basis (pre-need) or at the time of a death (at-need). PLC and its subsidiaries own and operate businesses including cemeteries, crematoria, funeral homes, chapels, planning offices and a transfer service. PLC operates in three Canadian provinces and nineteen U.S. states.

Contact Information

Daniel Millett
Chief Financial Officer
(416) 231-1462 ext. 221

SOURCE: Park Lawn Corporation

View the original press release on accesswire.com

FAQ

What is the quarterly dividend amount announced by Park Lawn Corporation (PLC)?

The quarterly dividend announced by Park Lawn Corporation (PLC) is $0.114 per share.

When will the quarterly dividend be payable to shareholders of Park Lawn Corporation (PLC)?

The quarterly dividend will be payable on January 15, 2024, to shareholders of record as at December 29, 2023.

What is the Dividend Reinvestment Plan (DRIP) offered by Park Lawn Corporation (PLC)?

The Dividend Reinvestment Plan (DRIP) offered by Park Lawn Corporation (PLC) allows eligible shareholders to reinvest their cash dividends into additional common shares of PLC.

What is the discount offered for purchases under the DRIP by Park Lawn Corporation (PLC)?

Park Lawn Corporation (PLC) has set the current discount for purchases under the DRIP at 3%.

How can eligible shareholders enroll in the DRIP offered by Park Lawn Corporation (PLC)?

Eligible shareholders can enroll in the DRIP by completing an enrollment form and returning it to TSX Trust Company (the Administrator) before the relevant dividend record date.

Where can shareholders find the full text of the DRIP and an enrollment form for Park Lawn Corporation (PLC)?

The full text of the DRIP and an enrollment form are available on PLC's website at www.parklawncorp.com.