CanElson Drilling Posts Surge In Q4 Profit, Declares Dividend

CanElson Drilling Inc CDLRF reported a surge in its fourth-quarter profit and declared its maiden dividend. CanElson Drilling's quarterly income climbed to C$11.2 million ($11.3 million), or 15 Canadian cents per share, versus a year-ago profit of C$3.3 million, or 7 Canadian cents per share. CanElson Drilling's revenue jumped to C$64.1 million. The company also declared an initial quarterly dividend of 5 Canadian cents per share.