Borr Drilling Limited to Issue Quarterly Dividend of $0.02 (NYSE:BORR)

Borr Drilling Limited (NYSE:BORR) announced a quarterly dividend on Thursday, February 20th, Wall Street Journal reports. Shareholders of record on Monday, March 3rd will be paid a dividend of 0.02 per share on Wednesday, March 19th. This represents a $0.08 annualized dividend and a yield of 2.61%. The ex-dividend date is Monday, March 3rd.

Borr Drilling Price Performance

Shares of Borr Drilling stock opened at $3.07 on Friday. The firm has a market capitalization of $774.16 million, a PE ratio of 9.58 and a beta of 2.84. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 1.91. Borr Drilling has a 12 month low of $2.90 and a 12 month high of $7.26. The business’s 50-day moving average price is $3.57 and its 200-day moving average price is $4.52.

Borr Drilling (NYSE:BORR) last issued its quarterly earnings results on Wednesday, February 19th. The company reported $0.10 EPS for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.01). The business had revenue of $263.10 million for the quarter, compared to the consensus estimate of $247.78 million. Borr Drilling had a net margin of 8.12% and a return on equity of 8.27%.

Borr Drilling Company Profile

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.