On February 11, 2016, Precision announced the suspension of its dividend.
The following table sets forth the dividends declared by Precision Drilling Corporation on each common share:
Record of Dividends Declared
|
Year
|
Record Date
|
Payment Date
|
Amount per common share ($Cdn)
|
| 2015 | November 6, 2015 | November 18, 2015 | $0.07 |
| 2015 | August 10, 2015 | August 21, 2015 | $0.07 |
| 2015 | May 15, 2015 | May 29, 2015 | $0.07 |
| 2015 | February 27, 2015 | March 12, 2015 | $0.07 |
| 2014
|
November 14, 2014
|
November 24, 2014
|
$0.07
|
| 2014
|
August 8, 2014
|
August 20, 2014
|
$0.06
|
| 2014
|
May 14, 2014
|
May 26, 2014
|
$0.06
|
| 2014
|
February 27, 2014
|
March 14, 2014
|
$0.06
|
| 2013
|
November 4, 2013
|
November 15, 2013
|
$0.06
|
| 2013
|
August 6, 2013
|
August 15, 2013
|
$0.05
|
| 2013
|
May 6, 2013
|
May 15, 2013
|
$0.05
|
| 2013
|
February 28, 2013
|
March 15, 2013
|
$0.05
|
| 2012
|
December 20, 2012
|
December 28, 2012
|
$0.05
|
On December 10, 2012, Precision announced that its board of directors approved the implementation of a dividend which provides for an annualized dividend of $0.20 per common share, payable quarterly. For Canadian income tax purposes, all dividends paid by Precision on its common shares are designated as "eligible dividends", unless otherwise indicated by Precision.