PD Ex-Dividend Reminder - 10/31/13

On 10/31/13, Precision Drill Corporation (TSX: PD.TO) will trade ex-dividend, for its quarterly dividend of $0.06, payable on 11/15/13. As a percentage of PD's recent stock price of $11.08, this dividend works out to approximately 0.54%, so look for shares of Precision Drill Corporation to trade 0.54% lower — all else being equal — when PD shares open for trading on 10/31/13.

Below is a dividend history chart for PD, showing historical dividends prior to the most recent $0.06 declared by Precision Drill Corporation:

PD+Dividend+History+Chart

In general, dividends are not always predictable; but looking at the history above can help in judging whether the most recent dividend from PD is likely to continue, and whether the current estimated yield of 2.17% on annualized basis is a reasonable expectation of annual yield going forward. The chart below shows the one year performance of PD shares, versus its 200 day moving average:

Precision Drill Corporation 200 Day Moving Average Chart

Looking at the chart above, PD's low point in its 52 week range is $6.67 per share, with $11.53 as the 52 week high point — that compares with a last trade of $11.03.

In Tuesday trading, Precision Drill Corporation shares are currently up about 0.3% on the day.

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