Borr Drilling Limited (NYSE:BORR) Declares $0.02 Quarterly Dividend

Borr Drilling Limited (NYSE:BORRGet Free Report) announced a quarterly dividend on Friday, November 8th,Wall Street Journal reports. Investors of record on Friday, November 29th will be given a dividend of 0.02 per share on Monday, December 16th. This represents a $0.08 annualized dividend and a yield of 2.02%. The ex-dividend date is Friday, November 29th.

Borr Drilling Price Performance

Borr Drilling stock traded down $0.10 during midday trading on Friday, hitting $3.97. The company’s stock had a trading volume of 7,485,685 shares, compared to its average volume of 2,100,005. The company has a debt-to-equity ratio of 1.75, a current ratio of 1.57 and a quick ratio of 1.57. The stock’s 50-day moving average price is $5.19 and its 200-day moving average price is $5.88. Borr Drilling has a 12 month low of $3.76 and a 12 month high of $7.61.

Borr Drilling (NYSE:BORRGet Free Report) last posted its quarterly earnings data on Wednesday, November 6th. The company reported $0.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.09 by ($0.05). The company had revenue of $241.60 million for the quarter. Borr Drilling had a return on equity of 7.69% and a net margin of 8.15%.

Wall Street Analyst Weigh In

Separately, Evercore ISI upgraded Borr Drilling from an “in-line” rating to an “outperform” rating and set a $9.00 target price on the stock in a report on Friday, September 13th.

View Our Latest Analysis on BORR

About Borr Drilling

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Borr Drilling Limited operates as an offshore shallow-water drilling contractor to the oil and gas industry worldwide. The company owns, contracts, and operates jack-up drilling rigs for operations in shallow-water areas, including the provision of related equipment and work crews to conduct oil and gas drilling and workover operations for exploration and production.

Further Reading

Dividend History for Borr Drilling (NYSE:BORR)

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