11:51 AM EST - Precision Drilling Corporation : announced today that planned capital expenditures for 2013 are $485 million and the implementation of a quarterly dividend starting in the fourth 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 Drilling Corporation
shares T.PD are trading up $0.11 at $7.40.
