Precision Drilling Corp. (PDS) Initiates 5c Quarterly Dividend; 2.7% Yield
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Precision Drilling (PDS) Plans $485M in CapEx for FY13; Commences Qtr. Dividend
December 10, 2012 6:16 AM ESTPrecision Drilling Corporation (NYSE: PDS) announced today that planned capital expenditures for 2013 are $485 million and the implementation of a quarterly dividend starting in the 4th quarter of 2012. Precision also announced a new international contract award for two new build rigs in Kuwait and asset writedowns as part of Precision's High Performance, High Value strategy.
Precision has scheduled a conference call and webcast to discuss today's announcement. The call will begin promptly at 11:00 a.m. MT (1:00 p.m. ET) today, December 10, 2012.
The conference call dial in numbers are 416-340-2217 or... More
